Business

Houston Economy Rebounds From December Dip

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

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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.

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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 Legislature and county and city governments across Greater Houston. Before taking up his current post, Andrew spent five years as Houston Public Media's business reporter, covering the oil...

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