A regional economic index continues to predict growth in the central San Joaquin Valley, reaching its highest mark in more than a year.
The Valley Business Conditions Index, prepared by economist Ernie Goss for the Craig School of Business at Fresno State, rose to 57.4 in May, up from an April score of 55.9. A score of 50 is considered neutral, and anything higher indicates economic growth over the next three to six months.
The index has been above 50 for 17 of the last 18 months, Goss reported. The index is based on a survey of purchasing executives at businesses in Fresno, Madera, Kings and Tulare counties.
The survey covers indicators including employment trends, business confidence, wholesale prices, inventory levels, exports and imports, new orders and delivery lead time.
The reporter can be reached at (559) 441-6319, email@example.com or @tsheehan on Twitter.