The Texas Service Sector Revenue Index rose 2.5 pts to 3.8 in April, indicating modest growth, while the General Business Activity Index dropped -8.1 pts to -19.4, signaling that service sector conditions are the worst since the pandemic.

• The Employment Index fell to -5.1 from 2.2, and Part-Time Employment declined to -3.4 from -1.7.
• Company Outlook Index dropped to -15.5, a 34-month low, while Outlook Uncertainty surged to 40.5, the highest since mid-2022.

• Selling Prices rose 3.2 pts to 8.4 and Input Prices jumped 5.5 pts to 32.5, while wage pressures held steady at 9.1.
• Future Business Activity expectations deteriorated, with the Future General Business Activity Index falling to -16.0 from -1.1 and Future Revenue Index dropping -14.1 pts to 16.8.

The Texas Retail Sales Index improved to 2.3 from -5.8 in April, showing slight growth (likely from higher prices), but broader sentiment and labor indicators worsened.

• The General Business Activity Index fell to -14.8 from -2.9, and the Company Outlook Index dropped to -25.0 from -4.9.
• Retail Employment plummeted to -8.1 from 10.2, and Part-Time Employment decreased to -7.2.

• Selling Prices surged 16.5 pts to 21.3 (up 17 pts), while Input Prices rose 10.5 pts to 34.9 and Wages fell sharply to 1.0 from 12.3.
• Future outlook weakened significantly, with the Future Sales Index at 0.1 and Future Employment at -0.3, indicating expectations for stagnant growth.