Texas service sector increases in December - KXXV-TV News Channel 25 - Central Texas News and Weather for Waco, Temple, Killeen |

Texas service sector increases in December

Posted: Updated:

AUSTIN, Texas (AP) - The Federal Reserve Bank of Dallas says retail sales in Texas remained strong, sparking growth throughout the state's service sector in December.

The Austin American Statesman reports (http://bit.ly/1bAGbS9 ) that, according to an analysis released Tuesday, the state's revenue index increased to 16.0 during the month.

The index was up from an 11.4 reading in November - suggesting that the sector's revenue growth had accelerated.

The monthly Texas Service Sector Outlook Survey reports that the December level is the highest since September 2012. The index is a key measure of activity in Texas' private service-providing industries.

Despite rising retail sales, however, the pace of growth fell some in December. The state retail sales index dipped to 15.2 during the month, down from 20.3 in November.

Information from: Austin American-Statesman, http://www.statesman.com

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

News Channel 25 KXXV-TV
P.O. Box 2522
Waco, TX 76702

Phone Numbers:
Main: 254-754-2525
Tip Line: 254-757-2525

Contact Us
KXXV Employment Opportunites
FCC Filings
Advertise on KXXV

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KXXV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.