The sharp acceleration of Texas’ retail and service-sector growth in August eased a bit during September, adding a hint of caution to companies’ otherwise optimistic outlooks on business conditions, according to a report Tuesday from the Federal Reserve Bank of Dallas.
The state revenue index, a key indicator of service-sector activity, dipped to 8.9 in September from 13.6 the prior month, according to the Dallas Fed’s monthly Texas Service Sector Outlook Survey.
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