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USD report shows region’s economic indicators on upswing

The University of San Diego’s Index of Leading Economic Indicators rose for the 15th consecutive month in June, led by a sharp rise in building permits and help wanted advertising, it was announced Wednesday.

The index rose 0.2 percent in June, compared to the previous month, according to Alan Gin, who compiles the statistical measure for USD’s Burnham-Moores Center for Real Estate.

There was also a moderate gain in local consumer confidence.

However, there was a big drop in local stock prices, a decline in the outlook for the national economy and initial claims for unemployment insurance rose, according to the index.

According to Gin, the outlook for the local economy calls for continued growth, but at a slow pace.