Business

Houston PMI Reaches Highest Level Since Recession

The local economy ticked up in November, according to the latest survey of Houston purchasing managers.

The Houston Purchasing Managers Index reached 61.6 in November. That marks the index’s highest level in three years and an increase of nearly 37% from its low point in March 2009.

The PMI has a range of 0 to 100, with readings over 50 pointing to near term production gains.

A jump in employment led the good news. Mike Valant is survey chairman with the Institute of Supply Management – Houston.

“Twenty-eight percent of our respondents had increased employment, and that’s great, and only 10% actually reduced staff.”

All told, 90% of survey respondents said they’d either increased hiring or kept employment levels the same.

In addition, stronger sales pushed up production. Lead times dropped, suggesting manufacturing capacity is catching up to demand.

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

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