Saturday , June 22 2024

IE manufacturing shows slight improvement

Inland Empire’s manufacturing in June took another step toward returning to growth mode.

The region’s purchasing managers index last month was 52.1, the second consecutive month that number was 50 or above, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino.

If that number is 50 or higher in July, then the Inland region’s manufacturing sector will be growing again, having equaled or topped 50 for three consecutive months.

Production and new orders, two of the index’s key elements, both experienced significant month-over-month increases in June. Manufacturing employment was unchanged between May and June, while prices increased slightly.

Inventory was also unchanged last month.

Twelve percent of the manufacturers surveyed said they believe the local economy will improve during the next three months, while 64 percent said they expect it to stay the same and 24 percent said they expect the economy to get weaker.

 

 

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