Spotlight: Texas service sector outlook survey completing the regional economic picture

Abstract

The service sector drives the Texas economy, accounting for 59 percent of private-sector output and employing close to 7 million workers. Despite the service sector’s prominence, there are no timely state-level gauges of its activity. To fill this regional data gap, the Federal Reserve Bank of Dallas began assembling the Texas Service Sector Outlook Survey (TSSOS) in 2007. After a four-year collection period, the data have been seasonally adjusted, with public release June 1.Service industries ; Business cycles - Texas