IE Business Daily Business news for the Inland Empire.
Inland Empire manufacturing grew for the 10th consecutive month in June, continuing a trend that dates to the worst days of the pandemic.
The region’s purchasing managers index last month was 67.3, up 4.9 points from May and well above the 50 benchmark that determines growth or decline, according to a report released this week by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino.
“The index remained above the baseline 50 percent mark for the tenth consecutive month, indicating that the Inland Empire manufacturing sector and the overall economy continued the trend of steady growth,” the report stated.
Prices, production, and new orders were all down last month, while employment and supplier deliveries were up.
Forty-four percent of the purchasing managers questioned said they expect the local economy to improve during the next three months. Thirty-six percent said they expect it to stay the same during the time and 20 percent said they expect it to get weaker, according to the report.
