A set of economic indicators for the San Joaquin Valley points to expansion and growth in the coming three to six months.
The monthly San Joaquin Valley Business Conditions Index, prepared by economist Ernie Goss for the Craig School of Business at California State University, Fresno, was measured at 50.2 in September. That was down from 55.4 in August, but it was the 10th consecutive month in which the score was greater than 50.
The index is based on a survey of Valley corporate executives and purchasing managers and considers factors including employment, wholesale prices, inventories, imports and exports, production, sales, new orders and business confidence. A score of 50 is considered neutral, and anything above that is seen as an indicator of future economic expansion.
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