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|May 30, 2020|
More purchasing managers see gyrations in the local economy
INLAND EMPIRE – (INT) – More purchasing managers are seeing some darker clouds on the horizon.
The Institute of Applied Research at Cal State San Bernardino reports a significant decline in the latest Purchasing Manager’s Index (PMI) following a rebound the prior month.
“The main components of the PMI were a “mixed bag” of economic news, the institute reported Tuesday.
Fifteen percent (15%) predicted that the local economy will become stronger in the upcoming months, and (22%) believe the local economy will become weaker over the fourth quarter of the year. Most of the survey respondents (63%) continue to believe that the local economy will remain unchanged (“flat”).
Story Date: September 14, 2019