IAR’s Inland Empire Report on Business, May 2014

“Exports showed a drop from last month’s 77.3 to 50.0, a finding that was not unexpected since there had been such a large increase in the previous figure. Imports remained unchanged from last month (50.0).”

“Purchasing Manager’s confidence in the local economy showed very little change from last month. This month 31% of Purchasing Managers forecasted that the local economy will improve in the coming quarter (virtually unchanged from last month’s 29%). Only 16% thought it will be weaker (up slightly from 13%) and the rest (53%) projected that the economy will remain unchanged.

Following are some highlights from this month’s report:

Business Survey

Purchasing Managers Index

Note: Inland Empire data were not collected for the months of October and November 1996, July 2005, and July through September 2007.

Commodity Prices

Note: Inland Empire data were not collected for the months of October and November 1996, July 2005, and July through September 2007.

State of the Economy