SD Economy Suffers Largest One-Month Decline Ever

Friday, March 27, 2009

KPBS Radio --

An index used to gauge the health of the local economy  suffered its largest one-month decline ever in February, a University of San  Diego professor announced today.

The Index of Leading Economic Indicators for San Diego County fell 2.7  percent in February, according to Alan Gin, who compiles the index for USD's  Burnham-Moores Center for Real Estate.

The decline was led by sharp drops in the number of building permits,  consumer confidence and help wanted advertising and a moderate slump in the  outlook for the national economy. (Full Story)