San Diego Economic Index Drops Slightly in October

San Diego Business Journal -- An index measuring San Diego’s economy fell 0.4 percent in October, the first time it’s dropped since August of 2012.

A surge in new unemployment claims was the primary driver for the decrease in the University of San Diego Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators in October, the center said.

Two other components contributing to the decrease were fewer help wanted ads and building permits during that month, the center said. Three of the six components showed increases: local stock prices, consumer confidence, and the outlook for the national economy. (Full Story

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