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Economy

State exports up slightly

State exports drop slightly

California exported $15.7 billion worth of merchandise in June, a slight year-over-year increase, according to a recent study. Exports of manufactured goods fell by 3.5 percent year-over-year compared with one year earlier, to $9,482 billion, Beacon Economics in Los Angeles reported. The state’s exports of agricultural products and raw materials …

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IE manufacturing bounces back

IE manufacturing surges

The Inland Empire’s manufacturing sector made a comeback in July, sparked by growth in new orders and despite a drop in production. The region’s purchasing managers index last month was 50.9, up from 48.6 in June, according to data released Aug. 1 by the Institute of Applied Research and Policy …

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School shopping is underway

School shopping is underway

Back-to-school shopping has apparently started early this year. By early July, 55 percent of back-to-school and college shoppers nationwide had started shopping for the items they will need for the upcoming academic year, according to the National Retail Federation in Washington, D.C. Eighty six percent of consumers say they still …

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Inland Empire unemployment rises

inland Empire unemployment rises

The Inland Empire recorded an unemployment rate of 5.3 percent in June, up from a revised 4.3 percent in May and above the 4.8 percent estimate of one year ago, according to recent report. This compares with an unemployment rate of 5.3 percent for California during the sixth month of …

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State exports rise

State exports drop slightly

California exported approximately $15.8 billion in goods in May, a 5.4 percent increase from exactly one year earlier, according to a recent study. The state’s share of U.S. merchandise exports in the fifth month of the year was 9.1 percent, essentially unchanged year-over-year, Los Angeles-based Beacon Economics reported. During May …

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Inland manufacturing shows first sign of slowing

IE manufacturing surges

The Inland Empire’s purchasing managers index fell below 50 in June, a sign of a possible contraction in that sector, according to a report. Last month’s 48.6 index, down from 51.1 in May, marked the first time since January the index fell below 50, the Institute of Applied Research and …

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