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Monthly Update: Purchasing Managers Index

April '19
Published on 5/10/19
Monthly Update: Purchasing Managers Index

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The Houston Purchasing Managers Index (PMI), a short-term leading indicator for regional production, registered 58.7 in April, down from 64.0 in March. 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 33 consecutive months and manufacturing activity for 20 consecutive months. The near-term forecast continues to point to higher manufacturing and overall economic growth than anticipated earlier in the year.

 

PMI - April 2019

 

The Houston PMI is derived from monthly surveys of local purchasing managers representing various industries. In April, oil and gas, engineering and construction, non-durable goods manufacturing, mid-stream operations, wholesale trade, professional services, and health care sectors all reported strong expansion.  

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

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

Key Economic IndicatorsEconomy
58.7

Houston's PMI registered 58.7 in April '19 

Executive Partners