Economy

Inland Empire manufacturing continued to grow during January, although at a slower rate than it has grown recently. The region’s purchasing manager index for the first month of 2022 was 51.0, down from 55.5 and barely above the 50 benchmark that determines growth or retraction, according to data released Tuesday …

Despite the ongoing presence of COVID-19, commercial and multifamily construction starts performed well in 2021, according to a just-released survey. The value of commercial and multifamily construction starts in the top 20 U.S, metropolitan areas increased 18 percent between 2020 to 2021, according to Dodge Construction Network, a New Jersey-based firm …

The region’s manufacturing sector has been growing for more than one year without interruption, but there could be some bumps in the road, or worse, during the next 12 months. Much will depend on whether inflation is held in check.     Inland Empire manufacturing appears to be in good …

The Inland Empire’s manufacturing sector grew for the 16th consecutive month in December. The region’s purchasing managers index last month was 55.5, down slightly from November but still above the baseline 50 that determines growth or reductions, according to data released this week by the Institute of Applied Research and …

Despite the supply chain disruption, Omicron variant, and labor shortage, the Inland economy should do OK, but probably not great, in 2022. Much depends on whether the Federal Reserve decides to raise interest rates and if it does, by how much. Some clouds are on the horizon – creeping inflation, …

California’s housing market remained strong in November, despite its perennial problem of not enough houses being built, according to the California Association of Realtors. Sales of existing, single-family homes totaled 454,450 last month, up 4.7 percent from October but down 10.7 percent year-over-year, the association reported. Statewide, the median home …