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Monthly Update: Purchasing Managers Index

December '21, Latest Data
Published on 1/14/22
Purchasing Managers Index December 2021

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January 14, 2021

Overall economic activity expanded at a slower pace in December, according to the most recent Houston Purchasing Managers Index (PMI). The December ’21 PMI registered 57.8, down from 60.3 in November and 61.0 in October. A PMI above 45 correlates with expansion of the services side of Houston’s economy, below 45 a contraction. Readings above 50 signal expansion in Houston’s goods-producing sectors, below 50 a contraction. December marks the 19th consecutive month with the Houston PMI above 45 and 17th month above 50.

On an industry-specific basis, healthcare, professional and management services, oil and gas, manufacturing, construction, real estate, and trade and transportation reported moderate to strong expansion. Leisure and hospitality reported contraction for the first time since early in the pandemic. The three-month forecast continues to predict expansion, primarily due to the strength of the sales/new orders, production, and prices paid indices.

 

The index is composed of eight underlying indicators: sales or new orders, production, employment, purchases, prices paid for major purchases, lead times from sellers, purchased materials inventory (raw materials and supplies), and finished goods inventories. 

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

Elizabeth Balderrama, PCED
Senior Manager, Research
713-844-3615
ebalderrama@houston.org

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

 

Economy Key Economic Indicators
57.8

Houston's PMI registered 57.8 in December '21. 

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Monthly Update: Home Sales

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