INLAND EMPIRE – (INT) – The Inland Empire’s economy is in growth mode, but purchasing managers say it’s mediocre at best.

A panel of local purchasing managers tells the Institute of Applied Research at Cal State San Bernardino that just over half of them believe the economy will basically stay the same over the coming quarter. Forty-six percent predict it will be weaker.

The monthly Purchasing Manager’s Index (PMI) points to a nationwide economy that’s has been growing faster than expected. It stated “The Fed may decide to raise rates even further as the nation continues to struggle with inflation. The Inland Empire is not immune to these trends.”

Story Date: September 12, 2023