Note: Data problems delayed the release of this report.
September 21, 2000 --The University of San Diego's Index of Leading Economic Indicators for San Diego County was unchanged in June. Four of the componentsBinitial claims for unemployment insurance, local stock prices, consumer confidence, and the outlook for the national economyBwere down during the month, although only consumer confidence was significantly so. These were offset by a big increase in building permits and a smaller gain in help wanted advertising.
The unchanged reading in June broke a string of 15 consecutive monthly gains in the USD Index of Leading Economic Indicators. For the first time since December 1998, more of the Index's components declined in a month than increased. Only a strong gain in residential units authorized by building permits, which registered their highest level since January 1990, prevented the Index from showing a decline.
|Index of Leading Economic
The index for San Diego County that includes the components listed below (June)
Source: University of San Diego
|+ 0.0 %|
Residential units authorized by building permits in San Diego County (June)
Source: Construction Industry Research Board
Initial claims for unemployment insurance in San Diego County, inverted (June)
Source: Employment Development Department
San Diego Stock Exchange Index (June)
Source: San Diego Daily Transcript
An index of consumer confidence in San Diego County (June)
Source: San Diego Union-Tribune
|Help Wanted Advertising
An index of help wanted advertising in the San Diego Union-Tribune (June)
Source: Greater San Diego Chamber of Commerce
Index of Leading Economic Indicators (June)
Source: The Conference Board
For more information on the University of San Diego's Index of Leading Economic Indicators, please contact:
|Professor Alan Gin
School of Business Administration
University of San Diego
5998 Alcalá Park
San Diego, CA 92110
|TEL: (619) 260-4883
FAX: (619) 501-2954
The Index of Leading Economic Indicators is published by USDs Real Estate Institute (REI). For more information about the REI, please contact Mark Riedy at (619) 260-4872.