By Staff Reports
(Victor Valley)– The Inland Empire Purchasing Managers’ Index edged down in December but still pointed toward sustained growth for both the manufacturing sector and the overall economy.
“The dip this month just means that the growth is slowing somewhat, as has been the case for the last two months,” concludes the report by the Institute for Applied Research at California State University San Bernardino. Fourteen percent of respondents forecast that the local economy will strengthen over the next quarter. Nationally, consumer confidence dipped and financial markets were turbulent, with China trade tensions mounting.
That said, the Inland Empire manufacturing sector is continuing the slow and steady growth it has enjoyed for two years, and the local economy is also growing.