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Monday, Sep 26, 2022
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For 17th Time in 18 Months, USD Index Falls

The University of San Diego’s Index of Leading Economic Indicators for San Diego County dropped 1 percent during September. It was the 17th decrease in 18 months.

USD professor Alan Gin assembles the index, and released the new numbers Oct. 31.

The index stood at 133.6 during September, down from a revised figure of 134.9 during August.

The index has six components. Falling were help wanted advertising, down 2.26 percent; building permits, down 1.54 percent; and consumer confidence, down 1.21 percent. Initial claims for unemployment insurance grew, and that reflects negatively in the index: The number fell 1.89 percent.

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There were modest gains in two components: The national economy gained 0.57 percent and local stock prices advanced 0.49 percent.

The outlook continues to be for weakness in the local economy at least through the first half of 2008, according to Gin.

, Brad Graves

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