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Economic activity in Houston expanded in April at a moderately slower rate than the previous month, according to the most recent Houston Purchasing Managers Index (PMI) prepared by the Institute for Supply Management-Houston. The April ’22 PMI registered 57.3, down from 58.5 in March. Readings over 50 generally indicate expansion in the economy, below 50, contraction.
ISM-Houston is now reporting separate indices for manufacturing and non-manufacturing industries in addition to the overall Houston Purchasing Managers Index. The Houston Manufacturing PMI rose 1.6 points to 60.8, continuing to indicate strong expansion. The non-manufacturing PMI fell 1.7 points to 56.6 showing a slower rate of expansion than for manufacturing.
On an industry-specific basis, healthcare, construction, oil and gas extraction, professional and management services, manufacturing, and transportation, trade, and warehousing reported strong expansion. Leisure and hospitality, and real estate reported modest expansion.
The index is composed of eight underlying indicators: sales or new orders, production, employment, pur-chases, prices paid for major purchases, lead times from sellers, purchased materials inventory (raw ma-terials 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
Patrick Jankowski, CERP
Senior Vice President, Research
Houston's PMI registered 57.3 in April '22
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