|
April 26, 2024 |
PMI: Doubters of region’s economic vitality shrink INLAND EMPIRE – (INT) – Another measure of the Inland Empire’s economy continues to expand.
Although the monthly Purchasing Manager’s 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
|