Dallas Fed: Service Sector Mostly Stable in July

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Business conditions in the Texas services sector remained stable in July according to the latest Texas Services Sector Outlook Survey from the Federal Reserve Bank of Dallas. The top line revenue index held steady at 9.5 compared to the 9.8 posted for June. The employment index fell from 8.1 to 2.6, but the company outlook and general business activity indexes both increased modestly. The six-month forward expectations indexes were mixed, with the revenue index unchanged m/m and the employment indexes up slightly.  

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