Leading Indicators of San Diego Economy Take Monumental Pratfall
The October leading indicators of the San Diego economy plunged 2.3 percent from September, the biggest percentage decline or rise since January of 2002, according to the latest data compiled by economist Alan Gin of the University of San Diego. In fact, there has been no monthly move, up or down, above 2 percent since then, as the index tumbled from 115.4 to 112.8. All the composite indicators were down sharply: building permits, initial unemployment claims, stock prices, consumer confidence, help wanted advertising, and the national economy.
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