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|July 4, 2020|
Local economy flying high, but are there flies in the ointment?
INLAND EMPIRE – (INT) – Local purchasing manager’s are stoked on the direction of the Inland Empire’s economy.
A monthly update on the PMI by the Institute of Applied Research at Cal State San Bernardino found a sharp increase in production and new orders indicating a trend of growth and the anticipation that there will be increasing levels of consumer purchases in the near future.
The all-important Employment Index jumped sharply and has improved for twenty-two consecutive months.
All but seven percent of the local purchasing managers surveyed believe the Inland Empire’s economy will expand or remain the same.
Yet all is not rosy. Cal State researchers noted a great deal of volatility in the stock market. The housing market is seeing rising mortgage rates, increasing median prices, and a lack of affordable listings. Further, people are expressing concerns about tariffs.
Story Date: November 9, 2018