Monthly Update: Purchasing Managers Index By GHP

https://www.houston.org/houston-data/monthly-update-purchasing-managers-index

The Houston Purchasing Managers Index (PMI), a short-term leading indicator for regional production, registered 51.4 in July, slightly up from 51.2 in June. Readings above 45 signal overall economic expansion in Houston over the next three to four months. Readings above 50 signal expansion in the manufacturing sector. The region’s PMI has signaled expansion in overall economic activity for 36 consecutive months and manufacturing activity for 23 consecutive months. The Houston PMI is derived from monthly surveys of local purchasing managers representing various industries. The sales/new orders index, one of three underlying components of the PMI with a strong correlation to economic activity, showed contraction in June, while the other indicators – employment and lead times – showed expansion. On an industry-specific basis, health care, transportation, and utilities reported expansion, while non-durable goods manufacturing showed contraction.

 

Prepared by the Greater Houston Partnership Research Department.
Patrick Jankowski, CERP
Senior Vice President, Research
713-844-3616
pjankowski@houston.org

Josh Pherigo
Manager, Research
713-844-3617
jpherigo@houston.org

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