Wednesday , April 17 2024

Tag Archives: Economy

Inland industrial shows signs of slowing

IE manufacturing

The Inland Empire industrial market recorded a 5.9 percent vacancy rate in the first quarter, as net absorption fell for the second time in a year. Five lease transactions of at least one million square feet were signed during the first three months of 2024, only two less than were …

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State exports post year-over-year gains

State exports drop slightly

California’s export trade reached $13.7 billion in February, up 2.6 percent from exactly one year earlier, according to data released April 8. At the same time, exports of manufactured goods rose 1.3 percent year-over-year, while the state’s overseas shipments of agricultural products and raw materials increased 8.6 percent compared with …

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Report: California economy is better than most believe

UofR Giving Day declared a success

In December, Calmatters published an ominous forecast of California’s economy heading into 2024. “Danger Signs For California’s Economy” read the headline. The nonprofit, nonpartisan news website that covers California exclusively then spelled out disturbing trends that were starting to roil the state’s economy. Rising unemployment, a budget surplus that turned …

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IE manufacturing back in growth mode

Torres proposes day to honor manufacturing

The Inland Empire’s manufacturing sector is growing again. Not by much, but it’s growing. The region’s purchasing managers index in March was 50.8, down from 52.1 the month before, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. A decline is never good news, …

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U.S. sales expected to grow

National Retail Federation predicts solid sales growth

U.S. retail sales are expected to be between 2.5 percent and 3.5 percent this year, with total sales expected reach at least $5.2 trillion, according to the National Retail Federation. The 2024 forecast compares with the 3.6 percent annual sales growth of $5.1 trillion recorded last year, and conforms with the …

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