Chart 2. The Houston Purchasing Manufacturing Index Only Recently Dipped Below 50, And Is Now Lower Than The U.S. PMI Number
Date United States Houston
Jan 1997 53.6 57.8
Feb 1997 53.2 62.6
Mar 1997 54.1 61.8
Apr 1997 53.7 60.9
May 1997 56.0 64.6
Jun 1997 55.4 60.0
Jul 1997 57.7 58.2
Aug 1997 56.2 63.9
Sep 1997 53.9 60.2
Oct 1997 56.4 61.3
Nov 1997 55.4 64.3
Dec 1997 54.4 62.8
Jan 1998 53.7 59.8
Feb 1998 53.1 61.0
Mar 1998 53.3 56.0
Apr 1998 52.4 55.2
May 1998 50.9 53.0
Jun 1998 49.3 50.6
Jul 1998 49.3 49.9
Aug 1998 49.2 47.7
Sep 1998 48.3 48.5
Oct 1998 48.5 47.2
Nov 1998 47.8 46.3
Dec 1998 46.5 46.0
Jan 1999 50.4 45.9
Feb 1999 51.9 45.5
Mar 1999 53.0 50.3
Apr 1999 52.6 52.5
May 1999 54.6 50.7
Jun 1999 56.5 52.5
Jul 1999 53.6 54.3
Aug 1999 54.7 54.8
Sep 1999 56.4 56.3
Oct 1999 56.6 52.9
Nov 1999 57.4 57.3
Dec 1999 57.5 56.0
Jan 2000 56.8 59.7
Feb 2000 56.7 59.6
Mar 2000 55.3 59.0
Apr 2000 54.8 59.6
May 2000 53.4 61.0
Jun 2000 51.8 62.4
Jul 2000 51.9 57.8
Aug 2000 49.9 57.5
Sep 2000 48.8 55.5
Oct 2000 48.0 61.9
Nov 2000 48.1 58.8
Dec 2000 44.2 61.7
Jan 2001 41.7 62.7
Feb 2001 42.0 61.9
Mar 2001 43.2 60.3
Apr 2001 43.2 61.7
May 2001 42.3 55.8
Jun 2001 44.3 59.5
Jul 2001 43.9 58.5
Aug 2001 47.9 54.6
Sep 2001 46.2 51.9
Oct 2001 39.5 48.6
Nov 2001 44.7 48.1
Dec 2001 48.1 46.1
Jan 2002 49.9 47.5
Feb 2002 54.7