Retailers in Texas reported a sales decline for the second time in three months in June, a fall that curbed but didn’t offset the continued growth of the state’s private service sector, according to a report released Tuesday by the Federal Reserve Bank of Dallas.
The state revenue index, a key measure of activity among Texas’ private service-providing firms, slipped to a reading of 6.8 in June from 11.8 in May, according to the Dallas Fed’s monthly Texas Service Sector Outlook Survey.
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