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|July 9, 2020|
Is the Inland economy poised for a downshift?
INLAND EMPIRE – (INT) - Growth of the Inland Empire’s economy and the manufacturing sector slowed as 2018 winds down.
But, the Institute of Applied Research at Cal State San Bernardino hastens to point out that there has been overall sustained growth for 23 consecutive months.
Production and New Orders decreased but were not unexpected since manufacturing for the holiday season is nearly complete.
Purchasing managers who were surveyed expressed a note of pessimism. Nearly a fourth believe that the local economy will become weaker in the coming quarter. This is the highest figure in nearly 2-years. In contrast, 28% believe that the economy will become stronger. The remainder (52%) believe the local economy will remain unchanged with the opening of 2019.
Story Date: December 10, 2018