Economy

The Inland Empire industrial market turned in a solid third quarter, with little vacancy and a big jump in leased space. Total vacancy at the end of the quarter was 1.3 percent, unchanged from the second quarter, Avison Young reported. At the same time, leasing of industrial space in Riverside …

Sales will still grow, but that increase will be lower than last year, mostly because of inflation. Online sales will continue to rise.   One year ago, Deloitte, the global accounting and professional services firm, was predicting that retail sales during the holiday shopping season would rise seven to nine …

The U.S. will probably avoid a recession during the next two years, so long as the Federal Reserve doesn’t raise interest rates more than it has said it plans to, according to a forecast. Despite some signs of weakness, the U.S. economy continues to move forward thanks to the fiscal …

One month after Inland Empire manufacturing showed signs of retracting for the first time in nearly two years, the sector has come roaring back. The region’s purchasing managers index was 58.1 in September, up from 49 in August, the Institute of Applied Research and Policy Analysis at Cal State San …

Nationwide, temporary hires to help with the Christmas retail season will decline about three percent from last year, according to one forecast. If that prediction holds true, the last two months of  the year will be slower than normal at Inland warehouse-distribution facilities.     U.S. retailers are expected to …

Business activity in the Inland Empire grew by 1.6 percent in the second quarter. That stood in contrast to the 4.7 percent growth in the first quarter of this year and the 6.4 percent recorded in the fourth quarter of 2021, the UC Riverside School of Business Center for Economic …