At least for now, Inland Empire manufacturing is in excellent shape. The region’s purchasing managers index was 65.7 in March, up 5.7 month-over-month and the sixth consecutive month of expansion, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. Manufacturing in Riverside and San …
Read More »State exports rise dramatically
California exported $14.8 billion worth of goods in February, a 7.3 percent year-over-year increase, according to a report. At the same time, U.S. exports totaled $167.6 billion, essentially unchanged from 2024, Beacon Economics in Los Angeles reported. California’s share of the nation’s merchandise export trade rose to 8.8 percent, from …
Read More »U.S. retail sales will grow in 2025: report
U.S. retail sales will grow between 2.7 and 3.7 percent this year compared with 2024, with sales expected to total between $5.42 trillion and $5.48 trillion by the end of this year, according to the National Retail Federation in Washington, D.C. The 2025 sales forecast compares with 3.6 percent annual sales …
Read More »Inland jobless rate falls slightly
The Inland Empire recorded a 5.1 percent unemployment rate in February, down slightly from January and below the 5.2 estimate of one year earlier. That compares with the state’s 5.4 percent – same as January – and a 4.5 percent jobless rate nationwide, according to the state Employment Development Department. …
Read More »U.S. consumers remain skittish about economy: report
Just as they were one year ago, a majority of Americans say they’re less-than-confident in the country’s immediate economic future. That was the finding of the second annual Wells Fargo Money Study, a 42-page analysis conducted between Sept. 5 and October 4 last year by the San Francisco-based financial institution. …
Read More »Retail sales drop slightly: report
Growing fears about tariffs caused retail spending to decline slightly between January and February, according to the National Retail Federation. Total retail sales, not counting automobile sales and gasoline, fell 0.22 percent between the first and second month of 2025, but rose 3.8 percent year-over-year, the trade association in Washington, D.C. …
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