Local Economic Indicators Slid in October
Thursday, December 1, 2011
San Diego Union-Tribune -- Declines in consumer confidence, local stock prices and home construction weakened San Diego's economic outlook in October, according to an index of leading economic indicators released by the University of San Diego on Wednesday.
But a sharp rebound of confidence in November suggests that the next index will point upward.
And if that happens, it would fit with the zig-zag pattern that has developed over the past six months, with the index sliding slightly down one month and edging slightly up the next.
"With no turning point being signaled, the outlook for the local economy remains unchanged from what was previously reported: positive but weak growth through at least the first half of 2012," said economist Alan Gin, who compiles the index for USD's Burnham-Moores Center for Real Estate. (Full Story)