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|May 27, 2020|
PMI: Local economy gets ‘green light’
INLAND EMPIRE - (INT) – Purchasing managers have been giving the ‘thumbs up’ in sustained growth for both the manufacturing sector and the overall local economy for 17 consecutive months.
The Institute of Applied Research at Cal State San Bernardino says that manufacturing companies anticipate increasing levels of consumer purchases in the near future.
The monthly PMI issued Friday found that only 4% of Purchasing Managers believe that the local economy will become weaker in the coming quarter. Forty-four (44%) predicted that the local economy will become stronger in the upcoming months and the remaining 52% believe the local economy will remain unchanged.
Story Date: June 11, 2018