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April 27, 2024 |
PMI takes a dive, local economy slows INLAND EMPIRE – (INT) – There’s been a slowing in the region’s economic recovery.
The monthly Purchasing Manager’s Index issued Tuesday showed a 4-point decline in August. The manufacturing sector is still growing, but at a snail’s pace. Purchasing Managers are significantly less optimistic about the economy than they were in July. Only 22% expect that it will grow stronger. The Institute of Applied Research at Cal State San Bernardino said that although the effects of the recession continue to be felt, consumers are gradually returning to “buying mode.” Story Date: September 6, 2014
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