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|May 28, 2017|
Inland business expansion on a 5-year run
RIVERSIDE – (INT) - The Inland Empire now has a new business activity index. It’s dedicated to accurately tracking the performance of the region’s economy on an ongoing basis.
The index was launched Wednesday by UC Riverside’s School of Business Center for Economic Forecasting and Development. It finds that business activity in the Inland Empire has grown consistently for 21 straight quarters – a streak that began in the first quarter of 2012.
The run of growth represents an 18.1 percent increase in business activity in the region over the past five years and coincides with steady gains in the national economy.
Looking ahead, the Center for Forecasting anticipates business activity in the Inland Empire to increase by 3.1 percent this quarter.
On a related note for Los Angeles County, the Business Federation (BizFed) Annual Pulse Poll show employers who are planning significant layoffs this year hit the lowest level since 2009.
Employers who are planning significant hiring rose to an all-time high in the same period.
Story Date: May 26, 2017