IE Business Daily Business news for the Inland Empire.
The Inland Empire’s manufacturing sector remained strong during June.
The two-county region’s purchasing managers index last month was 52.4, virtually unchanged from last month and the ninth consecutive month the index was above 50, according to data released this week by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino.
Fifty or above means the region’s manufacturing sector is expanding, so that number was good news, as was the production and new orders index, which were 58.6 and 55.2, respectively.
The production index rose five points and the new orders index nearly nine points, between May and June, the institute found.
Maybe the most encouraging number was the employment data, which registered at 55.2 percent, the second consecutive month that number was above 50.
Twenty four percent of the purchasing managers surveyed said they expect the local economy to improve during the next three months, while 31 percent said they expect it to get weaker during that time.
Forty five percent of those purchasing managers surveyed said they expect the local economy to improve during the upcoming quarter, the index stated.
