Mike Valant works for the institute in Houston.
“The best part about it is the employment side of it. We had 23% of our people showing employment up, while 70% had it as the same as last month. That’s 93% in the same or up, up from 88% the last several months.”
The report points to inflation as the biggest head wind for Houston businesses.
“Prices are very strongly going up. Forty-five percent of prices went up this month, while 48% stayed the same from last month.”
Commodities leading the price increases include oil related products, steel, and electronic components.