An April survey of business executives across the central San Joaquin Valley suggests economic growth in the region over the next three to six months.
The Valley Business Conditions Index, produced by economist Ernie Goss at Fresno State's Craig School of Business, registered its biggest increase since the end of 2012, climbing from 52.0 in March to 55.9 in April. An index of 50 is considered growth-neutral, and anything above that points to economic expansion in the coming months.
Goss said that more than one out of four executives who make purchasing decisions for their companies cited California's ongoing drought as the biggest threat to their business. But fewer than one in five said the drought had so far hurt their business.
The survey components include employment, wholesale prices, business confidence, inventories, imports, exports, new orders, production, and delivery lead time.
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