Texas Service Sector Activity Picks up in April, Says Dallas Fed Survey via Dallas Fed

Texas service sector activity increased in April, according to the Federal Reserve Bank of Dallas’ Texas Service Sector Outlook Survey.

The TSSOS revenue index—a key measure of state service sector conditions—rose from 10.7 in March to 14.6 in April, its highest reading this year.

The survey is conducted monthly by the Dallas Fed to obtain a timely assessment of activity in the state’s service sector, which represents almost 70 percent of the state economy and employs close to 7.6 million workers.

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