San Diegos Index of Leading Economic Indicators Falls Again
All six components of San Diego's Index of Leading Economic Indicators were down in August, fueling fears of a recession. Economist Alan Gin compiles the index. He tells us where the local economy is
Tom Fudge: For years, the best measure of the San Diego economy has been the Index of Leading Economic Indicators . The index is compiled by USD economist Alan Gin. And the one that came out last week showed us how the local economy did in August – and it was all bad news.
Building permits? Down. Stock prices? Down. Consumer confidence? Down. Unemployment insurance? Down, which is to say that claims went up. Overall, Gin says the index showed a 1.4 percent decrease. It's the 16th time in the last 17 months that the index has fallen.
- Alan Gin , economics professor at the University of San Diego. He's author of the Index of Leading Economic Indicators for San Diego.