Despite apprehension about the economy, spending on the holiday devoted to ghosts, goblins and trick-or-treating and is expected to reach $13.1 billion this year, according to the National Retail Federation. That would top last year’s $11.6 billion, and the record $12.2 billion spent two years ago, if the federation’s annual …
Read More »Local manufacturing has a rough month
Inland Empire manufacturing took a hit in August. The region’s purchasing managers index fell to 46.2, the result of steep drops in production and new orders, according to the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. That decline, from 56.9 in July, is significant because anything …
Read More »Retail spending up in August
U.S. retail spending grew in August, boosted by back-to-school spending and attempts by consumers to make their purchases before tariffs take effect, according to the National Retail Federation. Total retail sales, not counting automobiles and gasoline, were up 0.5 percent month-over-month in August and up 6.8 percent year-over-year, the Washington, …
Read More »State exports helped by “summer surge”
California exported nearly $16 billion worth of goods in July, a 6.4 percent year-over-year increase, according to data published recently. At the same time, U.S. exports rose by 3.7 percent, to $175.1 billion, raising California’s share of the national export trade two percentage points, to 9.1 percent, the U.S. Census …
Read More »Inland jobless rate rises
The Inland Empire recorded an unadjusted unemployment rate of 6.4 percent in July, up from a revised six percent in June and above the 5.9 percent of exactly one year earlier, according to data released Aug. 15. This compares with an unadjusted unemployment rate of 6.1 percent for California and …
Read More »Inland manufacturing rebounds
The Inland Empire’s steep drop in manufacturing in June was apparently an aberration, not the start of a bad trend. The region’s purchasing managers index in June was 56.9, a strong rebound from the 50 recorded in May according to the Institute of Applied Research and Policy Analysis at Cal …
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IE Business Daily Business news for the Inland Empire.