Houston Economy Rebounds From December Dip

Houston economic activity sped up in January, according to the latest survey of local purchasing managers.

The Houston Purchasing Managers Index rose to 59.7 in January — up nearly two points from December. Mike Valant is survey chairman with the Institute of Supply Management – Houston.

“There was a distinct jump again in employment, purchases, and prices paid.”

The Houston PMI tracks a total of eight economic indicators. Valant says the only category that fell from December was sales.

“You know, we’re at a plateau here, where we’ve gone up, up, up, up, and, you know, it’s time to take a little breath, I think. You know, you get overproduced, and you had that little pullback last month, and this is probably a reaction to that.”

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.


Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

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