INLAND EMPIRE – (INT) – There are mixed signals in the latest pulse of the Inland Empire’s economy.

The Purchasing Manager’s Index (PMI) shows the local economy was no longer growing in December and employment is down. Yet the Institute of Applied Research (IAR) at Cal State San Bernardino found production and new orders are up.

Although some local businesses are thriving, the IAR voiced concerns about the national economy and geopolitical situation. In addition, the IAR heard “disturbing comments on California’s business climate and overall economy.”

Looking ahead the next 3-months, about one-third of the local purchasing manager’s predict the economy will be weaker. In December, more than one-half said that. Further, 17% felt it will improve and the balance believe the economy will remain the same over the coming quarter.

Story Date: January 13, 2024