The Houston Purchasing Managers Index (PMI), a short-term leading indicator for regional production, registered 49.3 in October, up from 48.6 in September. Readings above 50 signal economic expansion in Houston over the next three to four months. Readings below 50 signal contraction. After 10 consecutive months of expansion, Hurricane Harvey pushed the PMI below 50 in August. The October reading suggests the region is nearly completing its recovery from the storm.