This article is over 8 years old


Houston Industrial Activity Plateaus In October

Houston economic activity held steady in October, according to the latest survey of local purchasing managers.


To embed this piece of audio in your site, please use this code:

<iframe src="" style="height: 115px; width: 100%;"></iframe>

The Houston Purchasing Managers Index registered 60.8 in October, maintaining the level set in September.

The PMI tracks eight indicators of local economic activity. Mike Valant is business survey chair with the Institute of Supply Management – Houston

“The strongest were the purchased inventory and the finished goods inventory, both of which declined ten points. That means that demand is consuming the new material faster than they can replenish, and they’re also selling off the finished goods faster than they can get the production to catch up with them.”

Purchases and prices paid also gained in October. On the down side, employment and production both lost ground from September, while sales turned in its weakest performance of the year. Lead times remained virtually unchanged.

The PMI has a range of 0 to 100, with readings over 50 pointing to near-term production gains.

Source: Institute of Supply Management – Houston

Subscribe to Today in Houston

Fill out the form below to subscribe our new daily editorial newsletter from the HPM Newsroom.

* required

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...

More Information