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|November 12, 2019|
PMI suggests economic growth
INLAND EMPIRE – (INT) – The Second Quarter is opening on a positive note.
The latest Purchasing Manager’s Index issued Monday registered an improvement indicating sustained growth for both the manufacturing sector and the overall economy, reported the Institute of Applied Research at Cal State San Bernardino.
Among the key economic indicators, there were increases in New Orders, the Production Index and employment. The Commodity Price Index dropped slightly.
For the Second Quarter, 31 percent of the purchasing managers surveyed predicted the Inland Empire economy will become stronger. Only 4 percent said it would weaken and 65 percent said it would be unchanged.
Story Date: April 5, 2019