Rising retail sales helped boost growth across the broader Texas service sector, lifting a gauge of the segment’s economic outlook to its highest point in 18 months, according to a report Tuesday from the Federal Reserve Bank of Dallas.
The state revenue index, a key measure of activity at service-providing companies, ticked up to 13.6 in August from 12.7 the prior month, according to the Dallas Fed’s monthly Texas Service Sector Outlook Survey.
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