Economy

One year ago, most economists were predicting a recession – some said a severe one – in the United States in 2023. Today, after 12 months of stronger-than-expected growth and inflation seemingly under control, most of those same economists are making a different forecast, and most of the time it …

Manufacturing in the Inland Empire is contracting, although not by much, according to data released Jan. 4. The region’s purchasing managers index was 49.6 in December, the third consecutive month that number was below 50, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported. Three …

Maybe the Inland Empire office market turned a corner during the third quarter of this year. If it did, it could be a sign of good things to come as the market – which took a beating during the pandemic but appears to have bounced back – moves into 2024. …

The Inland Empire’s manufacturing sector took a major hit in November. The region’s purchasing managers index plummeted to 41.2, the second consecutive month that number has been below 50, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Should December’s index be below 50, …

The days of a perpetually red-hot industrial market in the Inland Empire – record sales and leases, high vacancy rates, plenty of speculative development, and an endless absorption of open space – may be a thing of the past. At the very least, with the start of a new year …

A record 200.4 million people went shopping during the five-day Thanksgiving weekend, topping last year’s record of 196.7 million shoppers, according to data released this week. This year’s turnout exceeded expectations by more than 18 million shoppers, the National Retail Federation in Washington, D.C. reported. “The five-day period between Thanksgiving …