Rainier Ehrhardt, FRE / AP
Houston's economy continues to grow in April, according to a survey of supply chain executives about manufacturing, but it's slower than a month ago.
Manufacturing activity in the Houston area continued to increase in April, while the Purchasing Managers Index rose to 58.7, but the report from the Supply Management Institute reported that optimism fell from 64 in March to 64. Numbers above 50 indicate manufacturing expansion, and indexes below 50 indicate economic reduction in manufacturing.
Strong production performance and lead time offset the decline in April sales and new orders.
The three-month outlook was 2.6 points lower than March, but still points to Houston's overall economic growth expectations.