Orange County Business Journal
Local Executives Regain Optimistic Viewpoint
Economy: California State University Fullerton Index Back Up After Last Year's Dip
Jan. 4, 2014
Orange County’s executives have regained some optimism as they head into 2014, according to the latest business expectations index published by the Mihaylo College of Business and Economics at California State University, Fullerton.
The quarterly index, which is based on a survey of 60 local executives conducted in mid-December, reached 88.8 for the first quarter, up from 85.2 three months ago and 75 a year earlier.
A level above 50 generally indicates positive expectations. The index reached a peak of 93.9 at the beginning of the third quarter in 2013, just prior to a year-end dip.
“I think last quarter’s sentiment may have been a result of the government shutdown that happened at the same time as the survey,” said Anil Puri, dean of the Mihaylo College and director of the quarterly research project.
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