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| Note: Technical problems
delayed the release of this report. August 14, 2001 --The University of San Diego's Index of Leading Economic Indicators for San Diego County fell 1.3 percent in May. The result was similar to April, with sharp declines in consumer confidence, initial claims for unemployment insurance, help wanted advertising, and local stock prices did severe damage to the Index. Also negative but to a lesser extent were building permits. Once again, the outlook for the national economy was the only positive component, as was the case in April. |
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Index of Leading Economic
Indicators The index for San Diego County that includes the components listed below (May) Source: University of San Diego |
- 1.3 % |
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Building Permits
Residential units authorized by building permits in San Diego County (May) Source: Construction Industry Research Board |
- 0.28% |
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Unemployment Insurance
Initial claims for unemployment insurance in San Diego County, inverted (May) Source: Employment Development Department |
- 2.56% |
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Stock Prices San Diego Stock Exchange Index (May) Source: San Diego Daily Transcript |
- 1.03% |
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Consumer Confidence
An index of consumer confidence in San Diego County (May) Source: San Diego Union-Tribune |
- 3.03% |
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Help Wanted Advertising
An index of help wanted advertising in the San Diego Union-Tribune (May) Source: Greater San Diego Chamber of Commerce |
- 1.73% |
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National Economy
Index of Leading Economic Indicators (May) Source: The Conference Board |
+ 0.82% |
With May’s decrease, the USD Index of Leading Economic Indicators has declined for four months in a row, and has not advanced in a full year. The decline was broad, with five of the six components down, as well as deep, with significant losses in four of the down components. Interestingly, the outlook for the national economy is moving in the opposite direction, with the national Index of Leading Economic Indicators registering its second straight advance.
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 E-mail: agin@home.com |