“The Sky is Falling” on California Manufacturing, Worst since February 2009, Might Kick Regional Economy into Recession
Friday, January 8, 2016 8:14
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by Wolf Richter
Wolf Street
“The wheels have come off this quarter.”
“The sky is falling” is the perfectly-on-the-mark technical expression by the good folks at the Institute of Applied Research, which publishes the Purchasing Managers’ Index for the Inland Empire – the only manufacturing PMI in California. The Inland Empire is the third-most populous region in California and a big manufacturing and warehousing hub that includes the city of San Bernardino which filed for Chapter 9 bankruptcy in 2012.
So the Inland Empire is a good gauge of manufacturing in the rest of California.
Continue Reading at WolfStreet.com…
Source: http://financialsurvivalnetwork.com/2016/01/the-sky-is-falling-on-california-manufacturing-worst-since-february-2009-might-kick-regional-economy-into-recession/?utm_source=rss&utm_medium=rss&utm_campaign=the-sky-is-falling-on-california-manufactu
