Sales Slide In April, But Job Growth Remains Solid

Houston industry slowed in April according to the latest survey by the Institute for Supply Management — Houston.

The Houston Purchasing Managers Index dropped to 58.4 in April, down nearly three points from March. Mike Valant is business survey chair with the Institute of Supply Management — Houston.

“I don’t think there should be any concern, because we had such a huge increase in February, and then March stayed up there. So if we’re already up and we’re staying the same, then we’re still up.”

The survey reported sales and purchased inventory were both down from March. By contrast, employment remained strong.

“Forty-one percent of the respondents had increases this month, and 49% stayed the same. That’s 90% the same or better than last month, and last month was a big increase, so that’s excellent from the employment side.”

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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