Texas Service Sector Activity Expands at a Slower Pace but Hiring Continues

by CoyDavidson on May 1, 2012

Texas Service Sector Outlook Survey

A Federal Reserve Bank of Dallas report indicates that much like the Manufacturing Sector, the Texas Service Sector continues to expand but at a slower pace.

Texas service sector activity increased in April, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, fell from 16.5 to 12.6, suggesting growth slowed.

In what is a continued positive for major Texas office markets, the Labor market indicators reflected continued hiring and slightly longer workweeks. The employment index rose to 11.1 in April from 7.7 in March.

Retail sales increased in April, according to business executives responding to the Texas Retail Outlook Survey. The sales index fell sharply from 22 to 10.6, consistent with slower sales growth. Inventories rose.

Texas Service Sector Outlook May 2012

Previous post:

Next post:


Disclaimer: All blog entries on this site are the opinion of the author and not those of either Colliers International - Houston or Colliers International (collectively, "Colliers"). Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers. Colliers has not authorized or verified any statement of fact made in a blog, and any such statement does not constitute a statement of fact by Colliers. Colliers is not responsible for the monitoring or filtering of any blog, nor does Colliers claim ownership or control over any blog content.