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|July 12, 2020|
PMI: Doubters of regionís economic vitality shrink
INLAND EMPIRE Ė (INT) Ė Another measure of the Inland Empireís economy continues to expand.
Although the monthly Purchasing Managerís Index (PMI) showed a slight decrease in production, new orders, employment and supplier deliveries were slightly up.
More purchasing managers expressed greater confidence in the local economy. Forty-four percent of those surveyed by the Institute of Applied Research at Cal State San Bernardino predicted improvement in the coming quarter. Forty-eight percent foresaw no change and only 8 percent predicted the economy will become weaker.
The PMI takes into consideration six key indicators in its monthly evaluation of the local economy.
Story Date: March 5, 2017