December 3, 2015
The Inland Empire manufacturing industry started to pick back up in November.
Growth in the industry, which had been steady for 10 months, slipped in August but bounced back in November, according to the Purchasing Manager’s Index (PMI), a report sponsored by San Bernardino and Riverside counties. November’s index reading was at 52.3, rising from 45.9 the previous month. A ranking under 50 means that the industry’s performance is shrinking.
New orders, inventory, production, commodity prices, supplier deliveries and employment are what the PMI is based on.
Data for the report is compiled by Cal State San Bernardino University’s Institute of Applied Research.