IE Business Daily Business news for the Inland Empire.
Inland Empire manufacturing rose sharply in October, despite a labor shortage and other issues that continue to plague the economy.
The two-county region’s purchasing managers index last month was 62.3, up from 54.7 in September, according to data released Monday by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino.
The index has now been above 50 for 14 consecutive months, meaning manufacturing and the Inland economy have both grown every month during that time.
Prices, production, new orders, and employment were all trending up in Riverside and San Bernardino counties, while inventory was unchanged month-over-month. Only new orders were down slightly as October came to a close.
Twenty-two percent of the purchasing managers surveyed said they expect the Inland economy to get stronger in the next three months, while 39 percent said they expect it to stay the same and 39 percent said they expect it to get weaker during that time, according to the data.
