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.




graph provided by ISM – Houston


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...

More Information