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Economy

Inland manufacturing back on good side of the ledger …. for now

The Inland Empire’s manufacturing sector has once again bounced back for a bad month. The region’s purchasing managers index was 54 in October, comfortably above the benchmark that determines whether that sector is expanding or contracting, according to the Institute of Applied Research and Policy Analysis at Cal State San …

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Forecast: IE economy to keep growing

The Inland Empire economy will keep growing through 2020, although at a slower pace than it has expanded recently, according to a recent forecast. The Inland region, which is operating at full employment, is being driven by especially strong job growth in health care and logistics, the UC Riverside School …

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Christmas spending expected to rise

Retail industry expects to have a good Christmas this year

U.S. consumers will spend an average of $1,047.83 this holiday season, about four percent more than they spent last year, according to the National Retail Federation. Shoppers between 33 and 44 years old say they will spend the most, $1,158.63, the Washington, D.C.-based nonprofit reported its annual survey of likely holiday …

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2019 holiday retail season looks strong

Employment is up and people have money to spend, so the upcoming Christmas season should be a good one for retailers. Most important, it should be an improvement on last year, but issues like tariffs and the political turmoil in Washington loom on the horizon. All signs point to a …

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Inland PMI dips below 50 – again

For the second time in four months, the Inland Empire’s purchasing managers index has dipped below 50, the number that determines whether the region’s manufacturing sector is expanding or contracting. September’s index, 49.7, was down from 50 in August and 55 in July, according to data release by the Institute …

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Local industrial markets will stay hot during rest of 2019

Industrial activity in greater Los Angeles, which includes the Inland market, appears headed for a record year of investment, according to a report released Tuesday. Sales of industrial properties in Los Angeles, Orange County and the Inland Empire totaled more than $7.4 billion during the first eight months of 2019, …

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