San Diego Lead Indicators Plunge from Year Ago; All Local Components Down
The lead indicators of the San Diego economy compiled by economist Alan Gin of the University of San Diego continued their decline in September. The index for September was 115.4, down from 116.3 in August and down from 133.5 in September of 2007. The index was at 140.9 in September of 2006,. All local components were down in September of 2008: building permits, initial unemployment claims, stock prices, consumer confidence, and help wanted advertising. The only component advancing was the national economy.
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