September 6, 2016 Comments Off on Inland Empire’s Economic Picture Solid to Strong Views: 329 California, California News, Inland Empire, West

Inland Empire’s Economic Picture Solid to Strong

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The Inland Empire Purchasing Managers Index rebounded in August, led by increases in production and new orders. The sharp increase to 60 reversed July’s dismal 46.5 number, according to the latest report from Applied Research at Cal State San Bernardino.

Inland Empire economists set the line between growth and contraction at 50. Three consecutive months below that number indicates the manufacturing sector is slowing.

The majority (53%) of local managers participating in the survey believe the Inland Empire economy will remain on solid footing next month, while 20% think it will be stronger.

Double-digit increases were recorded in the survey’s production and new orders numbers from July, while employment was 58.3 on the scale.

Read More at San Bernardino Sun

Read More at Applied Research at Cal State San Bernardino

Connect with Applied Research at Cal State San Bernardino

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