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Sunday, Oct 1, 2023
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OC Business Outlook Shows Big Rise: CSUF

Inflation still No. 1 concern

The Orange County Business Expectations Index for the just-started quarter rose to 66.9, the highest level in a year, from 60.5 in the previous three-month period, according to economists at California State University, Fullerton.

A reading of above 50 indicates a belief in future growth in the economy. The index was compiled from a survey of business executives that was conducted from March 21-28.

The researchers led by Anil Puri, the director of the university’s Woods Center for Economic Analysis and Forecasting, said 44% of executives surveyed cited inflation as their biggest concern.

Only 10% believe the recent banking troubles in the U.S. will have a broad contagion impact on the sector, according to the survey.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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