Houston Economy Levels Off In December

Houston economic activity leveled off in December, following three straight months of declines. That's according to the latest survey by the Institute for Supply Management – Houston.

The Houston Purchasing Managers Index held steady at 54.6, the same reading as November. Sales enjoyed a modest bounce, after falling to their lowest level in two years. But December also a brought a steep fall in purchases, as well as a more modest decline in employment.

“I think it has to do with end of year.”

Mike Valant is business survey chair with the Institute of Supply Management — Houston.

“Kind of like, ‘What happens to the economy, and what happens with all the controlling factors?’ It’s like a wait-and-see situation, I believe.”

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.

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...