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Inland Empire Report on Business
The Institute of Applied Research at CSU San Bernardino  |  02-Jun-2010

According to Shel Bockman and Barbara Sirotnik (Co-Directors of the Institute of Applied Research), and Lori Aldana (Project Coordinator, Institute of Applied Research), "Although this month’s PMI (60.9%) decreased slightly from last month’s figure (62.5%), it continues to stay well-above the baseline 50% mark for the seventh consecutive month. This indicates growth for both the local economy in general and for the manufacturing sector in particular."

"The Employment index (60.0%) increased this month from last month's 50.0%. This increase in the level of employment is especially important in that it has been the missing ingredient for a sustained and general recovery in the local economy. Production (61.7%) and New Orders (66.7)% -- two of the key components of the PMI -- registered a slight decrease from last months' figures, but continue to be well-above the 50% baseline, indicating that Purchasing Managers anticipate that consumer purchases will increase in the coming months. This is the eighth month that those two indicators have been above the 50% baseline. The Commodity Price Index decreased from last month's 78.1 but still remains high (71.7).

Purchasing Manager’s confidence in the future state of the local economy continues to grow, with over a third (36%) now projecting that the local economy will be stronger in the coming quarter (up from last month's 36%). This figure is at its highest level since August 2009.

Read more of the May 2010 Report

Sponsorred by the San Bernardino County Economic Development Agency and the Riverside County Economic Development Agency.


 


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