John Mann 12:38 p.m., March 11
Local Lead Indicators Continue Modest Rise
The lead indicators of the San Diego economy, compiled by economist Alan Gin of the University of San Diego, in August continued the tepid rise they have experienced since February. The August index was 102.4, topping July, June, May, April, and March, but below the 102.9 of February. There was a big rise in consumer confidence, coupled with increases in stock prices and the national economy. But moving in an unfavorable direction were help wanted advertising, building permits, and initial unemployment claims, although the drop of initial claims was down considerably from earlier months.