Valley business forecast continues to register growth

A San Joaquin Valley economic forecast indicated short-term growth for the 30th consecutive month.

The San Joaquin Valley Business Conditions Index, prepared for Fresno State’s Craig School of Business by economist Ernie Goss, registered 51.2 in May, according to Goss’ survey of business executives across Fresno, Kings, Madera and Tulare counties.

A score of 50 on the 0-to-100 scale is considered neutral, and anything above that suggests economic growth over the next three to six months. The survey considers factors including employment, wholesale prices, business confidence, inventory levels, imports and exports, new orders, production/sales and delivery lead time.