The San Joaquin Valley Business Conditions Index indicates that the economy in the region is expected to continue growing over the next three to six months.
Ernie Goss, a research economist for the Craig School of Business at Fresno State, said the January index came in at a score of 54.0, down from 55.0 in December but still marking the 14th consecutive month in which the index was above a growth-neutral score of 50.0. A score greater than 50 on the index — which is based on a survey of business purchasing executives in Fresno, Kings, Madera and Tulare counties — suggests economic expansion in the coming months.
“Much like the national economy, the San Joaquin Valley economy is expanding at an improving pace,” Goss said in a written statement. “Based on our survey results, it is expected to continue to grow at a healthy pace for the first half of 2015.”
The survey seeks executives’ responses on factors such as hiring, wholesale prices, business confidence, inventory levels, imports and exports, new orders, production, sales and delivery lead time.