Texas shopping: retail sales flat across state in Nov.

TEXAS – November retail sales across Texas remained flat while prices increased, according to the Federal Reserve Bank of Dallas.

In a recent retail outlook survey, the Dallas Fed found that early November sales across Texas increased at 16.7 percent, the same rate as they grew in October. The selling prices index, the average cost for goods, increased by 1 percent last month.

Although statewide sale increases remained marginal, the Dallas Fed reported that retail sector activity increased in anticipation of the holiday shopping season.

Retail jobs increased by 10.8 percent in November. Despite increases in payroll, actual hours worked by retail employees dropped 2.9 percent last month.

The 246 Texas business executives surveyed by the bank reported that retail wages increased by 3.2 percent across the state last month.

For more data, see the Federal Reserve Bank of Dallas.
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