Houston Economy Accelerated In May

The latest survey of purchasing managers finds the Houston economy rebounded in May to its strongest performance in three months.

The Houston Purchasing Managers Index rose to 59.6 in May — up half a point from April.

Mike Valant is survey chairman with the Institute of Supply Management – Houston.

“The really good part is that both finished goods inventory and materials inventory are both reducing, which means they’re consuming faster than they’re building, and production has been increased. So that’s three positive signs that’s been kind of slow here lately.”

Valant says Houston sales also enjoyed a slight pickup in May compared to April. Employment numbers dropped slightly from the previous month but remained strong.

The PMI indicates likely shifts in production three or four months in advance. It has a range of 0 to 100, with readings over 50 pointing to near term production gains.

 

ISM - HOUSTON BUSINESS REPORT

ISM - HOUSTON BUSINESS REPORT

graph provided by ISM - Houston

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...