California manufacturing expected to grow in second quarter
- Share via
Manufacturing of high-tech, durable and nondurable goods in California is expected to pick up in the second quarter, according to a Chapman University survey released Wednesday.
Manufacturing purchasing managers surveyed expect growth to continue as the nation’s economy continues to recover.
The composite index by Chapman’s A. Gary Anderson Center for Economic Research, which measures overall manufacturing activity, increased to 60.3 in the second quarter, from 56.6.
Readings above 50 indicate expansion in the sector.
In California, manufacturing production is expected to increase from 61 in the first quarter to 68.9 in the second quarter -- the 12th consecutive quarter of growth.
The report also said that employment in manufacturing is expected to grow at a higher rate. The index for employment grew to 55.2 in the second quarter, from 52.9.
ALSO:
Stocks suffer worst slump of the year
More than 200,000 jobs added in March: ADP
With home prices down, economists seize on signs of ‘deceleration’
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
