The Press-Enterprise — Inland Southern California’s factory executives saw some gaps in their order books in April, suggesting that a string of federally mandated spending cuts are starting to affect the local economy, according to a report released Wednesday, May 1.
The Purchasing Managers Index, which measures the pace of manufacturing activity in Riverside and San Bernardino counties, declined to 54.2 in April from 59.7 the previous month, reported the Institute of Applied Research at Cal State San Bernardino. A marked slowdown in new orders received last month indicates that there could be less spending and less factory production in the near future.
The article was published May 1, 2013.
Read the complete article at “Inland factory sector growth slowed in April.”