The Texas Service Sector Revenue index increased 2.5 pts to 8.2, and the General Business Activity Index fell -2.8 pts to 4.6.

• Employment remained slightly negative at -0.1, up 1.3 pts, but Hours Worked fell -4.6 pts to -1.0.
• Input Prices remained just above the series average (27.8) at 28.0 while Selling Prices eased -5.8 pts to 7.9 (also in line with the series average).
• Sales and activity expectations eased significantly with the former down -11.1 pts to 43.9 and the latter down -22.1 pts to 13.3.

The Retail Sales index jumped 21.1 pts to 2.1. The General Business Activity index remained unchanged at -4.9, while the Company Outlook index fell to -3.2 from 7.7.

• Retailers’ inventories fell over the month, with the February index at -4.8, down from 11.5 in January.
• Retail sector labor market indicators suggested flat employment while workweeks stabilized. The Employment index increased 7.6 pts to -9.1, the Hours Worked index increased 4 pts to -0.4.
• Price pressures eased some, while wages continued to increase in February. The Selling Prices index fell -2 pts to 16.1, while the Input Prices index decreased -4 pts to 27.9.