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|September 19, 2019|
Local economy hits summer bump
INLAND EMPIRE – (INT) – A late summer decrease in the Purchasing Manager’s Index is not a cause for concern about the local economy.
The Institute of Applied Research at Cal State San Bernardino noted that while production and new orders fell last month, trending of growth is still in positive territory.
Purchasing managers see a trend of growth and anticipation that there will be increasing levels of consumer purchases in the near future.
Eleven percent of the Purchasing Managers surveyed believe that the local economy will become weaker in the coming quarter. Nearly a third predicted that the local economy will become stronger in the upcoming months and the remaining 58% believe it will remain unchanged.
Story Date: September 11, 2018