The Houston Purchasing Managers Index (PMI), a short-term leading indicator for regional production, registered 49.1 in July, up from 46.7 in June according to the latest report from the Institute for Supply Management-Houston (ISM-Houston).
The PMI has a possible range from zero to 100. Readings above the neutral point of 50 indicate likely growth in production over the next three to four months; readings below 50 suggest contraction. The PMI fell as low as 42.7 in April but has trended upward ever since, which suggests a slowly improving Houston economy.
Follow this link for more details from The Greater Houston Partnership.
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