OC business leaders’ expectations for the current quarter have dropped, according to economists at California State University, Fullerton.
The overall expectations index, OCBX, fell to 65.7 from 76.5 in the previous three-month period, the second consecutive quarterly drop, according to CSUF economists led by Anil Puri.
The OCBX index is a measure of the overall view of the economy, based on a CSUF survey. A reading of above 50 indicates a belief in future growth in the economy.
Among other findings, the survey said interest rate concerns overshadowed inflation worries.
