A local index of leading economic indicators in San Diego County was up 0.6 percent in October, led by a big rise in the national economic outlook, and modest gains in consumer confidence and local stock prices.
That’s according to the University of San Diego Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators, which USD professor and economist Alan Gin develops and publishes.
The only negative was building permits, which were down slightly.
October’s increase put the local index at 146.2. The index has increased 10 months of the last year, with two months unchanged.
In addition, Gin’s review of the local economy through three quarters of 2017 showed an increase of 23,300 jobs compared to the same period in 2016.