California’s manufacturing sector continued to grow in the second quarter, according to a survey of purchasing managers released Tuesday by Chapman University’s A. Gary Anderson Center for Economic Research.
For the fourth consecutive quarter, California’s manufacturing sector outperformed the nation’s.
At 60.7, the California manufacturing index was virtually unchanged compared to the first quarter, while the U.S. index fell nearly three points to 52.8.
A value of 50 for the index shows an expansion of the manufacturing sector.
Chapman said that durable goods makers, other than technology companies, performed better than others in the period. Durable goods include autos, appliances and manufacturing equipment,anything that lasts longer than three years.
The indexes for non-durable goods and technology industries fell from the first to second quarter. That indicates manufacturing growth continued in the second quarter, but at a slower rate.
The survey tracks changes in production, employment, new orders, inventory of purchased materials, commodity prices and supplier deliveries.
