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Economic activity in Houston expanded in May at a slightly faster rate than April, according to the most recent Houston Purchasing Managers Index (PMI) prepared by the Institute for Supply Management-Houston. The May ’22 PMI registered 57.5, up from 57.3 in April. Readings over 50 generally indicate expansion in the economy, below 50, contraction.

Other points of note:
•    Non-manufacturing activities expanded at a minimally faster rate compared to last month. 
•    Manufacturing activities expanded at a moderately slower pace.
•    Healthcare, oil and gas extraction, leisure and hospitality, construction, professional and management services, and manufacturing reported strong expansion. 
•    Transportation, trade, warehousing, and real estate reported modest expansion.

The PMI is published monthly by the Institute for Supply Management – Houston and is based on a survey of supply chain executives in the region.  For additional information on the index, click here.

Prepared by Greater Houston Partnership Research

Patrick Jankowski, CERP
Senior Vice President, Research
713-844-3616
pjankowski@houston.org