The Press-Enterprise — The inland Purchasing Manager’s Index, a measure of the local economy based on production, new orders, and inventory, showed a drop in March to 51.7, down nearly five points from February and an indication of slow economic growth.
The index from the Institute of Applied Research based at Cal State San Bernardino covers Riverside and San Bernardino counties.
But the number remains above the 50-point mark fixed by analysts as the line between growth and contraction for the local economy, according to the institute.
The article was published April 1, 2016.
Read the complete article at “ECONOMY: Inland index shows growth – ‘at a snail’s pace.’”