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Surveys
Texas Service Sector Outlook Survey

Texas Service Sector Outlook Survey

April 1, 2025

Results Table

Report


Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Current (versus previous month)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

1.3

8.2

–6.9

10.5

14(+)

26.4

48.4

25.1

Employment

2.2

–0.1

+2.3

6.1

1(+)

12.4

77.4

10.2

Part–Time Employment

–1.7

1.0

–2.7

1.3

1(–)

4.1

90.1

5.8

Hours Worked

0.8

–1.0

+1.8

2.6

1(+)

7.9

85.0

7.1

Wages and Benefits

10.3

11.1

–0.8

15.7

58(+)

16.2

77.9

5.9

Input Prices

27.0

28.0

–1.0

27.8

59(+)

31.9

63.2

4.9

Selling Prices

5.2

7.9

–2.7

7.5

56(+)

15.1

75.0

9.9

Capital Expenditures

7.4

10.4

–3.0

9.9

56(+)

15.2

77.0

7.8

General Business Conditions
Current (versus previous month)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–12.5

1.1

–13.6

4.3

1(–)

11.6

64.3

24.1

General Business Activity

–11.3

4.6

–15.9

2.3

1(–)

12.2

64.3

23.5

IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

27.3

14.2

+13.1

13.2

46(+)

38.5

50.4

11.2

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Revenue

30.9

43.9

–13.0

37.5

59(+)

47.0

36.9

16.1

Employment

14.9

25.7

–10.8

23.1

59(+)

27.0

60.9

12.1

Part–Time Employment

–1.5

5.6

–7.1

6.6

1(–)

7.2

84.1

8.7

Hours Worked

4.6

9.5

–4.9

5.9

59(+)

9.8

85.0

5.2

Wages and Benefits

27.7

37.3

–9.6

37.5

59(+)

35.8

56.0

8.1

Input Prices

41.2

42.9

–1.7

44.3

219(+)

46.4

48.4

5.2

Selling Prices

20.6

22.8

–2.2

24.5

59(+)

29.5

61.6

8.9

Capital Expenditures

11.9

20.3

–8.4

22.7

58(+)

23.3

65.4

11.4

General Business Conditions
Future (six months ahead)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–0.6

13.3

–13.9

15.6

1(–)

20.5

58.4

21.1

General Business Activity

–1.1

12.3

–13.4

12.2

1(–)

23.0

52.9

24.1

 
Texas Retail Outlook Survey

Texas Retail Outlook Survey

April 1, 2025

Results Table

Historical data are available from January 2007 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas
Retail (versus previous month)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

–5.8

2.1

–7.9

3.2

1(–)

24.1

46.0

29.9

Employment

10.2

–1.5

+11.7

1.6

1(+)

13.9

82.4

3.7

Part–Time Employment

–2.2

2.8

–5.0

–1.5

1(–)

2.0

93.8

4.2

Hours Worked

–5.0

–0.4

–4.6

–2.2

4(–)

2.2

90.6

7.2

Wages and Benefits

12.3

15.0

–2.7

11.2

56(+)

18.5

75.3

6.2

Input Prices

24.4

27.9

–3.5

22.5

59(+)

34.6

55.2

10.2

Selling Prices

4.8

16.1

–11.3

13.1

4(+)

24.2

56.4

19.4

Capital Expenditures

7.6

6.8

+0.8

7.6

5(+)

15.3

77.0

7.7

Inventories

–1.0

–4.8

+3.8

2.8

2(–)

25.0

49.1

26.0

Companywide Retail Activity

Companywide Sales

–11.0

15.0

–26.0

4.4

1(–)

20.1

48.8

31.1

Companywide Internet Sales

–1.6

7.4

–9.0

3.9

1(–)

12.3

73.8

13.9

General Business Conditions, Retail
Current (versus previous month)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

–4.9

–3.2

–1.7

1.4

2(–)

14.7

65.7

19.6

General Business Activity

–2.9

–4.9

+2.0

–2.6

3(–)

16.4

64.3

19.3

Outlook Uncertainty
Current (versus previous month)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease

Outlook Uncertainty

12.8

14.0

–1.2

11.0

8(+)

28.3

56.2

15.5

Business Indicators Relating to Facilities and Products in Texas, Retail
Future (six months ahead)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting
No Change
% Reporting Decrease
Retail Activity in Texas

Sales

18.6

34.1

–15.5

30.4

22(+)

37.0

44.6

18.4

Employment

16.4

20.9

–4.5

12.7

6(+)

25.9

64.6

9.5

Part–Time Employment

2.5

4.7

–2.2

1.6

6(+)

7.0

88.5

4.5

Hours Worked

–7.7

–0.7

–7.0

2.3

3(–)

3.6

85.1

11.3

Wages and Benefits

12.3

28.5

–16.2

29.0

59(+)

25.8

60.6

13.5

Input Prices

35.0

41.1

–6.1

33.8

59(+)

42.5

50.0

7.5

Selling Prices

26.8

28.9

–2.1

28.5

59(+)

39.0

48.8

12.2

Capital Expenditures

16.7

5.8

+10.9

16.6

16(+)

27.2

62.3

10.5

Inventories

9.9

–5.4

+15.3

10.7

1(+)

29.6

50.7

19.7

Companywide Retail Activity

Companywide Sales

18.8

31.3

–12.5

28.8

22(+)

36.9

45.1

18.1

Companywide Internet Sales

9.4

28.2

–18.8

21.1

14(+)

21.9

65.6

12.5

*Shown is the number of consecutive months of expansion or contraction in the underlying indicator. Expansion is indicated by a positive index reading and denoted by a (+) in the table. Contraction is indicated by a negative index reading and denoted by a (–) in the table.

**Shown is the number of consecutive months of improvement or worsening in the underlying indicator. Improvement is indicated by a positive index reading and denoted by a (+) in the table. Worsening is indicated by a negative index reading and denoted by a (–) in the table.

Data have been seasonally adjusted as necessary.

Questions regarding the Texas Service Sector Outlook Survey can be addressed to Jesus Cañas at jesus.canas@dal.frb.org.

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