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

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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