The study was prepared by researchers at California StateUniversity Fullerton's Institute for Economic and EnvironmentalStudies. "There doesn't appear to be any signs of a recession …[though] the U.S. economy would appear to be slowing down at afaster rate than California," says Adrian Fleissig, a CSUFanalyst.

The school's Southern California Index, published quarterly, wasdeveloped several years ago to gauge the five-county Southlandarea's economic health and compare it to the rest of the nation.While the Southern California Index rose a solid 0.56% in thesecond quarter, the school's US index rose a mere 0.03%.

The index looks at seven key economic indicators. Five of theseven for Southern California rose in the latest quarter, Fleissigsays, led by a sharp increase in the number of building permitstaken out by residential and commercial developers.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.