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Local Economy Yields Positive Trends

San Diego Business Journal -- San Diego’s economy is trending positive, registering a fifth consecutive rise in a monthly economic index compiled by the Burnham-Moores Center for Real Estate at the University of San Diego.
For August the index rose 0.6 percent, the largest monthly rise since March 2004, propelled by a sharp increase in local consumer confidence, according to a report released Sept. 24.

Alan Gin, the USD economics professor who compiles the data for the index, said the rise last month reinforces a view that the economy is approaching a bottom.
The latest data is encouraging in that components that were negative are down by smaller amounts than in the past, Gin said. (Full Story)