Texas Service Sector Outlook Survey: March 2025
The Texas Service Sector Revenue Index fell -7 pts to 1.3 in March, signaling flat activity, while the General Business Activity Index dropped -16 pts to -11.3, its lowest since November 2023.
- The Company Outlook Index fell sharply to -12.5 from 1.1, marking its lowest level since mid-2022.
- The Employment Index edged up to 2.2 from -0.1, but Part-Time Employment declined -3 pts to -1.7.
- Selling Prices eased -3 pts to 5.2, while Input Prices remained steady at 27.0.
- Future Business Activity expectations weakened, with the Future General Business Activity Index falling to -1.1 from 12.3.
The Texas Retail Sales Index fell -7.9 pts to -5.8 in March, indicating a decline in retail activity.
- Retail Employment rose to 10.2 from -1.5, but Hours Worked declined -5 pts to -5.0.
- The General Business Activity Index improved slightly to -2.9 from -4.9, though still negative.
- Selling Prices dropped -11 pts to 4.8, while Input Prices fell -4 pts to 24.4.
- The Future Sales Index fell -16 pts to 18.6, while the Future General Business Activity Index rose to 6.9 from 3.7.