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July 1, 2025<\/p>\n
Texas retail sales contract further<\/p>\n
Retail sales continued to decline in June, according to business executives responding to the Texas Retail Outlook Survey. The sales index, a key measure of state retail activity, was largely unchanged at -29.5. Retailers\u2019 inventories shrunk, with the index remaining in negative territory at -2.8 in June.<\/p>\n
Retail sector labor market indicators suggested a continued contraction in employment and hours worked. The employment index was little changed at -9.0, and the part-time employment index ticked down slightly to -4.9, both negative readings suggesting a decline in hiring. Meanwhile, the hours worked index plunged 10 points to -14.1. <\/p>\n
Perceptions of broader business conditions deteriorated further in June. Both the general business activity index and company outlook index were little changed from May, remaining deep in negative territory at -24.4 and -24.2, respectively. The outlook uncertainty index held steady at 18.8, well above its series average of 11.4.<\/p>\n
Selling price growth accelerated while input price and wage pressures eased. The selling prices index rose nine points to 14.1, pushing above its series average of 13.1. The input prices index dipped four points to a below-average reading of 17.5, while the wages and benefits index ticked down two points to -3.3.<\/p>\n
Expectations for future retail activity were mixed but leaned more positive overall, suggesting the future outlook improved from May. While the future general business activity index dipped to -3.2 from -1.3, the future company outlook index moved up eight points to 4.3. The future sales index rose to 19.1, and the future employment index rose to 13.4. The future capital expenditures index also increased.<\/p>\n
The Texas Retail Outlook Survey is a component of the Texas Service Sector Outlook Survey that uses information only from respondents in the retail and wholesale sectors.<\/p>\n
Next release:<\/strong> July 29, 2025<\/p>\nData were collected June 17\u201325, and 259 of the 371 Texas service sector business executives surveyed submitted responses. The Dallas Fed conducts the Texas Service Sector Outlook Survey monthly to obtain a timely assessment of the state\u2019s service sector activity. Firms are asked whether revenue, employment, prices, general business activity and other indicators increased, decreased or remained unchanged over the previous month.<\/p>\n
Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease.<\/p>\n
Data have been seasonally adjusted<\/a> as necessary.<\/p>\n","protected":false},"excerpt":{"rendered":"July 1, 2025 Texas service sector activity continues to decline Special questions: Wages, prices, and outlook concerns Texas…\n","protected":false},"author":2,"featured_media":229607,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[51,18589,3374,7372,897,363,47523,18859,18590,16,15],"class_list":{"0":"post-229606","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-dallas","10":"tag-employment","11":"tag-federal-reserve","12":"tag-jobs","13":"tag-retail","14":"tag-revenue","15":"tag-service-sector","16":"tag-texas-economy","17":"tag-uk","18":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114778645814344584","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/229606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=229606"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/229606\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/229607"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=229606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=229606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=229606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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