January 7, 2016
The Inland Empire economy is apparently in a precarious spot entering 2016. A new report from California State University, San Bernardino pegs the December Purchasing Managers Index at a six-year low. Weaker new orders and production numbers sparked concerns that an economic contraction is near.
The Institute of Applied Research at CSUSB says the region’s index for December (42.1) was down 10 points from November, but generally reflects the national index, released earlier this week.
Barbara Sirotnik, director of the group, says a reading below 50 indicates weakness in the area’s manufacturing sector. Yet, manufacturers say not to read too much into the December numbers, since seasonal fourth-quarter downward fluctuations typically pick up in the first quarter.