Business

Houston Economic Activity Snaps Three-Month Decline

Houston economic activity stabilized in June after a three-month slide, according to the latest survey of local supply managers.

The Houston Purchasing Managers Index registered 57.1 in June, the same as in May. The PMI has a range of 0 to 100, with readings over 50 pointing to near-term production gains.

The index tracks eight measures of economic activity. Employment was the only one that improved in June.  Mike Valant is business survey chair with the Institute of Supply Management — Houston.  

“People are hiring because sales are still strong. Even though they’re level, they’re level at a high level. Prices are stable. Purchasing is stable. The inventories seem to be solid. So, I mean, overall for Houston, I think we’re fairly strong.”

The survey found the region is running critically short of some skilled workers, due to high demand from new construction and other projects. Those in shortest supply include welders, pipe-fitters, and industrial carpenters.

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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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