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The Institutue of Applied Research at CSU San Bernardino  |  01-Jul-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), “This month’s PMI (50.2) represents a dramatic decrease over last month’s figure (60.9). But the fact that it has remained above the baseline 50% mark for the ninth consecutive month softens this potentially “bad news” since any number above 50 indicates growth (however slow) in the local economy in general and for the manufacturing sector in particular. On the other hand, the decrease cannot be easily dismissed since the drop is also associated with a number of recent and worrisome events (e.g. continued unemployment, a turbulent global economy, and weakness in consumer confidence), which may have an impact on the national and local economy.”

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