The Press-Enterprise — The Inland-area Purchasing Manager’s Index dropped nearly four points for September, but remains well above the benchmark indicating growth in the Riverside-San Bernardino area, the research group that studies the PMI reported Monday, Oct. 3.
The September PMI of 56.2 is a decrease from August’s 60.0, but “there is no cause for concern … the Inland Empire is still in growth mode – just at a slower place than (August),” Barbara Sirotnik, director of the Institute of Applied Research at Cal State San Bernardino, said in a statement.
The index has set 50 as the median for growth. A figure above that indicates an expanding manufacturing sector. The index factors items including commodity prices, production, new orders, inventory, employment and supplier deliveries.
The article was published Oct. 3, 2016.
Read the complete article at “Key inland business index slips but not too far.”