The overall expectations index, known as OCBX, for the third quarter starting July 1 increased to 96.4 from 95.3 in the just-ending three-month period, according to the economists led by Anil Puri, director of CSUF’s Woods Center for Economic Analysis and Forecasting. A reading of above 50 indicates expectations of future growth in the economy.
“Business people continue to be very optimistic when looking at the next quarter and beyond,” Puri told the Business Journal today. “Many more are now planning to hire more people, which is a good sign.”
The latest reading is the highest level of the index since the third quarter of 2018, Puri’s team said.
“Inflation turned o