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|May 27, 2020|
Purchasing managers offer thoughts on local economy
INLAND EMPIRE Ė (INT) Ė The regionís economy continues to grow, but one segment appears to be lagging.
A new report suggests the manufacturing sector is no longer growing. The Purchasing Managerís Index has fallen below a baseline of 50 for three consecutive months.
The Institute of Applied Research at Cal State San Bernardino found that Decemberís Employment Index fell below 50 for the first time since last January. The Inventory Index was also down.
In spite of latest numbers, Purchasing Managersí optimism about the state of the Inland Empire economy for the First Quarter of the New Year is brighter. Thirty-one percent of the Purchasing Managers commented that they expect the local economy to be stronger. Fifty-two percent feel the economy will be unchanged and only 17% believe it will weaken.
Story Date: January 11, 2017