US DATA: July Dallas Fed texts: Services: “Texas…..

US DATA: July Dallas Fed texts: Services: “Texas service sector
activity expanded, albeit at a slower pace in July, according to
business executives responding to the Texas Service Sector Outlook
Survey. The revenue index, a key measure of state service sector
conditions, fell from 10.9 to 2.4, its lowest reading since May 2011.”
Retail text: “Retail sales fell in July, according to business
executives responding to the Texas Retail Outlook Survey. The sales
index moved down from 7 to -3.6, its first negative reading since May
2011. Inventories rose. Labor market indicators reflected slightly less
hiring and longer workweeks. The employment index edged down from 13.3
in June to 12.3 in July. The hours worked index climbed to 4.5 after
being negative last month.”