Sunday , May 28 2023

IE manufacturing stays hot

Manufacturing in the Inland Empire continued to sizzle in April.

The region’s purchasing managers index last month was 62.4, virtually unchanged from March, according to data released Tuesday by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino.

That’s the 16th consecutive month the index has been above 50, the dividing line for whether manufacturing is growing or shrinking. That means manufacturing, and the general economy, have been growing steadily for more than a year.

All six of the categories that make up the index – commodity prices, production, new orders, inventory, employment and supplier deliveries – trended up last month. Except for suppliers deliveries, each improved at a faster pace in April than it did in March.

Inland purchasing managers again expressed overwhelming confidence in the future of the local economy, with 50 percent saying they expect it to get better in the next three months. Forty seven percent said they expect it to remain the same, while only three percent said they expect it to get weaker during that time.

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