February 7, 2017 Comments Off on Production Index Rebounds in January Views: 167 California News, Inland Empire

Production Index Rebounds in January

The Inland Purchasing Managers’ Index bounced back in January, after three consecutive months of declining numbers. The overall PMI rose to 56.8, up from 47.4 in December.

The report by Cal State San Bernardino’s Institute of Applied Research surveyed Inland Empire managers, and aggregated such indicators as production, new orders, supplier deliveries, commodity prices, inventory and employment.

Notable increases were indicated in new orders, which jumped from 48.4 to 61.3, and production, which rose from 53.2 to 67.7. The Institutes’ Barbara Sirotnik notes that new orders from customers generally indicates they are buying, which in turn will result in production later.

Read more at Riverside Press-Enterprise

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