Local Economic Index Shows Gain of 0.2 Percent for July
Tuesday, August 30, 2011
San Diego Business Journal -- San Diego’s economy could be rebounding; it registered a two-tenths of 1 percent uptick in July, according to an index of six measures compiled by the University of San Diego’s Burnham-Moores Center for Real Estate.
The Index of Leading Economic Indicators for San Diego County edged up after falling by 0.2 percent in June. That was the first drop in the index in 27 months.
Alan Gin, the USD economist who compiles the data, said while July’s gain reduces some fears about a double-dip recession occurring both nationally and locally, there is still a chance it might happen — “and it is growing.” (Full Story)