Texas service industry shows growth

The service industry for Texas has seen growth over December.

The service industry of Texas has been picking up steam as of late, a new report from the Federal Reserve Bank of Dallas said.

The service sector is measured by a revenue index survey. Generally if the reading is above zero, there is growth within the industry. As the reading grows each month, more activity and jobs are growing in the industry. Companies can use supply chain recruiters to help them add more jobs to their service industry openings.

The December Texas Service Sector Outlook Survey, which releases the survey readings, reported Texas's revenue index for the service sector increased to a 16 reading for December. The new reading is showing a positive outlook for the industry and job growth as the November reading was 11.4. December was also a benchmark month for the industry as the 16 reading for the revenue index is the highest reading since September 2012.

The service sector is one of the most important financial avenues for Texas as it represents 60 percent of the state's economy and employs more than 7.3 million workers, MySanAntonio reported.

Although the service industry has seen growth over the past month, retail activity has taken a bit of dip. The Dallas Fed reported in it's Texas Retail Outlook Survey sales in the retail industry were at a reading of 15.2, which is a 5.1 percent decrease from November.

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