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The Houston Purchasing Managers Index (PMI), a short-term leading indicator for regional economic activity, registered 52.5 in January, up from 47.4 in December. Readings above 50 signal expansion in the economy. The January reading breaks a two-month streak of below-50 readings for Houston.
The Houston PMI is derived from monthly surveys of local purchasing managers representing various industries. On an industry specific basis, construction, manufacturing, mid-stream operations, utilities, professional services, and health care reported expansion, while oil and gas and wholesale trade reported contraction.
Patrick Jankowski, CERP
Senior Vice President, Research
Director, Data Analytics
Houston's PMI registered 52.5 in January '20.