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Tag Archives: Economy

State exports rise

State exports drop slightly

California exported approximately $15.8 billion in goods in May, a 5.4 percent increase from exactly one year earlier, according to a recent study. The state’s share of U.S. merchandise exports in the fifth month of the year was 9.1 percent, essentially unchanged year-over-year, Los Angeles-based Beacon Economics reported. During May …

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Inland manufacturing shows first sign of slowing

IE manufacturing surges

The Inland Empire’s purchasing managers index fell below 50 in June, a sign of a possible contraction in that sector, according to a report. Last month’s 48.6 index, down from 51.1 in May, marked the first time since January the index fell below 50, the Institute of Applied Research and …

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Inland Empire job market expands

Inland Empire employers added 2,700 non-agricultural jobs month-over-month in May, a solid increase for the two-county region, according to data released last week. The unemployment rate in Riverside and San Bernardino counties during the fifth month of the year was 4.3 percent, down from a revised 4.8 percent in April, …

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National retail sales bounce back

National Retail Federation predicts solid sales growth

U.S. retail sales rose sharply in May, increasing both month-over-month and year-over-year, the National Retail Federation reported. Total sales, not counting gasoline and automobiles, were up 1.35 percent from April and three percent from May 2023, the federation reported. The April-to-May data was adjusted for seasonal factors that typically impact …

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Inland manufacturing sector keeps growing

Inland manufacturing sector keeps growing

The Inland Empire manufacturing sector recorded it fourth consecutive month of growth in May, according to data released June 3. The region’s purchasing managers index for the fifth month of the year was 51.1, a sign that manufacturing and the economy in Riverside and San Bernardino counties were growing, according …

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