The June San Joaquin Valley Business Conditions Index points to growth for the 18th time in the past 19 months, despite slipping slightly from May. The overall index dipped to 57.0 from 57.4 last month.
An index of greater than 50 indicates an expansionary economy over the next three to six months.
The index, produced by Fresno State’s Craig School of Business, is based on a survey of individuals making company purchasing decisions in the counties of Madera, Fresno, Kings and Tulare.
“Construction activity continues to improve in the region, spilling over into the broader economy,” said Ernie Goss, research faculty with the Craig School. “Additionally, expansions among wholesale trade firms boosted June readings. Accordingly, our surveys over the past several months indicate that overall growth will remain healthy for the next three to six months.” ...