The local economy rose for the seventh straight month in October, according to University of San Diego economics professor Alan Gin’s latest index, released today.
The increase was led by a spike in consumer confidence, the indicator that has led the way for several months. Here’s Gin:
… the key to reviving the local economy is for that to translate into increased spending by consumers. The holiday buying season will be a good indication as to whether or not that comes into fruition.
But the employment picture remains negative.