Business Activity in the Inland Empire Expands Again

By Staff Reports

(Victor Valley)– Business activity in the Inland Empire grew at a steady pace in the second quarter of 2018 and is expected to continue its expansion in the near term future despite trade disputes with China and others,according to the newly released Inland Empire Business Activity Index.

The Index, which draws on employment and other data, finds that the region’s business activity expanded at a 2.6% annualized rate in the second quarter of 2018, a slightly faster level of growth than during the first quarter (2.2%) but lower than U.S. GDP, which grew by 4.1%. Looking over the past year (the second quarter of 2017 through the second quarter of 2018), the Inland Empire has significantly outperformed the nation, with business activity growing by 4.0% in the region compared to 2.8% growth for U.S. GDP.

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