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Tag Archives: Economy

Forecast: IE economy to keep growing

The Inland Empire economy will keep growing through 2020, although at a slower pace than it has expanded recently, according to a recent forecast. The Inland region, which is operating at full employment, is being driven by especially strong job growth in health care and logistics, the UC Riverside School …

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Christmas spending expected to rise

Retail industry expects to have a good Christmas this year

U.S. consumers will spend an average of $1,047.83 this holiday season, about four percent more than they spent last year, according to the National Retail Federation. Shoppers between 33 and 44 years old say they will spend the most, $1,158.63, the Washington, D.C.-based nonprofit reported its annual survey of likely holiday …

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2019 holiday retail season looks strong

Employment is up and people have money to spend, so the upcoming Christmas season should be a good one for retailers. Most important, it should be an improvement on last year, but issues like tariffs and the political turmoil in Washington loom on the horizon. All signs point to a …

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Inland PMI dips below 50 – again

For the second time in four months, the Inland Empire’s purchasing managers index has dipped below 50, the number that determines whether the region’s manufacturing sector is expanding or contracting. September’s index, 49.7, was down from 50 in August and 55 in July, according to data release by the Institute …

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Local industrial markets will stay hot during rest of 2019

Industrial activity in greater Los Angeles, which includes the Inland market, appears headed for a record year of investment, according to a report released Tuesday. Sales of industrial properties in Los Angeles, Orange County and the Inland Empire totaled more than $7.4 billion during the first eight months of 2019, …

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Christmas hiring could be stronger locally than nationally

The trend toward more online shopping means more logistics jobs and that could work to the Inland Empire’s advantage as retailers get ready for the holidays. Two thousand and nineteen is looks like it will be a good year for holiday hiring in the Inland Empire. The economy remains strong, …

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