Snapshot: Texas retail sales climb in January

Snapshot: Texas retail sales climb in January

Texas retailers welcomed a surge in sales this month, according to the Federal Reserve Bank of Dallas.

In its latest retail outlook survey, the Dallas Fed found 42.3 percent of retailers in the state enjoyed sales increases in January, the highest percentage since April 2011. However, 21.6 percent of business executives reported sales decreases, a slight uptick from 20.3 percent last month.

About a fifth of retailers hired more employees in January, and 27.6 percent of survey respondents told the Dallas Fed they would increase their payroll during the next six months.

The Dallas Fed collected its data between Jan. 14-22 from 219 Texas business executives. It will issue the results of its next outlook survey on Feb. 25.