Growth seen in Valley economic index

The Fresno BeeJune 5, 2014 

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, tsheehan@fresnobee.com or @tsheehan on Twitter.

The Fresno Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service