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The lead indicators of the San Diego economy, compiled by economist Alan Gin of the University of San Diego, continued rising in May to 109.4 from 109.2 in April. The number was 102.0 in May of last year.The index has moved up steadily, but moderately, from March of 2009. In May, initial unemployment claims and stock prices moved in an unfavorable direction. Moving in a favorable direction were building permits, consumer confidence, help wanted advertising and the national economy.
The lead indicators of the San Diego economy, compiled by economist Alan Gin of the University of San Diego, continued rising in May to 109.4 from 109.2 in April. The number was 102.0 in May of last year.The index has moved up steadily, but moderately, from March of 2009. In May, initial unemployment claims and stock prices moved in an unfavorable direction. Moving in a favorable direction were building permits, consumer confidence, help wanted advertising and the national economy.