The University of San Diego Index of Leading Economic Indicators dropped in December, for the 20th month out of 21, the university reported on Jan. 31.
The index dropped 1 percent to 128.8.
Consumer confidence and help-wanted advertising showed significant drops from November while unemployment insurance, stock prices and the national economy reported declines of a lesser degree.
Building permits were up, though, by 0.74 percent.
Economist Alan Gin, a USD professor, compiles the index.
“Although the local economy is not in a recession in the sense that there has been a loss of jobs or a drop in Gross Regional Product, economic activity has slowed considerably,” said a summary released with the index.
, Jaimy Lee