Houston Update Purchasing Managers Index (PMI)

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.

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