FRESNO — For the 14th time in the past 15 months, the San Joaquin Valley Business Conditions Index rose above the growth neutral threshold.
The index, produced by Fresno State’s Craig School of Business, is a leading economic indicator from a survey of individuals making company purchasing decisions in the counties of Madera, Fresno, Kings and Tulare.
The February index advanced to 52.5 from 50.8 in January. An index of greater than 50 indicates an expansionary economy over the course of the next three to six months.
“Construction firms and value-added business services firms continue to report slowly improving business conditions. On the other hand, the negative impacts from the drought are growing,” said Dr. Ernie Goss, research faculty with the Craig School of Business, on Tuesday. “Approximately one-third of the businesses reported that the drought has had negative impacts on sales.” ...