IE Business Daily Business news for the Inland Empire.
Manufacturing in the Inland Empire is contracting, although not by much, according to data released Jan. 4.
The region’s purchasing managers index was 49.6 in December, the third consecutive month that number was below 50, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported.
Three consecutive months above or below 50 establishes a trend, so manufacturing in Riverside and Bernardino counties is, for the moment, not growing. However, the news is not all bad, since December’s index was up from 41.2, a strong improvement.
“Both the October and December figures were 49.6, barely below 50, so we are not ready to panic yet,” said Barbara Sirotnik, director of the institute and a member of the research team that determines the index, in a statement.
The report did include one major positive: production and new orders, its two key elements, both registered 54.2, up from 36 in November in both categories.
“The fact that both production and new orders rose just reinforces the earlier statement that this month’s PMI does not necessarily portend a trend of decline,” the index states.
The region’s inventory index was 45.8 percent, up from 42 percent in November but still well below 50, according to the index.
Manufacturing in the Inland Empire is contracting, although not by much, according to data released Jan. 4.
The region’s purchasing managers index was 49.6 in December, the third consecutive month that number was below 50, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported.
Three consecutive months above or below 50 establishes a trend, so manufacturing in Riverside and Bernardino counties is, for the moment, not growing. However, the news is not all bad, since December’s index was up from 41.2, a strong improvement.
“Both the October and December figures were 49.6, barely below 50, so we are not ready to panic yet,” said Barbara Sirotnik, director of the institute and a member of the research team that determines the index, in a statement.
The report did include one major positive: production and new orders, its two key elements, both registered 54.2, up from 36 in November in both categories.
“The fact that both production and new orders rose just reinforces the earlier statement that this month’s PMI does not necessarily portend a trend of decline,” the index states.
The region’s inventory index was 45.8 percent, up from 42 percent in November but still well below 50, according to the index.
Manufacturing in the Inland Empire is contracting, although not by much, according to data released Jan. 4.
The region’s purchasing managers index was 49.6 in December, the third consecutive month that number was below 50, the Institute of Applied Research and Policy Analysis at Cal State San Bernardino reported.
Three consecutive months above or below 50 establishes a trend, so manufacturing in Riverside and Bernardino counties is, for the moment, not growing. However, the news is not all bad, since December’s index was up from 41.2, a strong improvement.
“Both the October and December figures were 49.6, barely below 50, so we are not ready to panic yet,” said Barbara Sirotnik, director of the institute and a member of the research team that determines the index, in a statement.
The report did include one major positive: production and new orders, its two key elements, both registered 54.2, up from 36 in November in both categories.
“The fact that both production and new orders rose just reinforces the earlier statement that this month’s PMI does not necessarily portend a trend of decline,” the index states.
The region’s inventory index was 45.8 percent, up from 42 percent in November but still well below 50, according to the index.
