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Old 07-07-2015, 12:23 PM
 
10,513 posts, read 5,165,182 times
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"The California economy gained momentum after a soft first quarter. Our California Economic Activity Index picked up in April after little change over the previous three months. The state economy is large, diverse and resilient. Port activity is renormalizing. The high tech sector remains strong. Real estate markets in Northern California are super tight. Southern California conditions are tightening too," said Robert Dye, Chief Economist at Comerica Bank. "Of course, water resources are a potentially binding constraint. Drought conditions are hurting the agricultural economy and may exert an increasing drag on real estate development."


Comerica Bank's California Economic Activity Index improved in April, increasing 0.7 percentage points to a level of 119.7. April's reading is 36 points, or 43 percent, above the index cyclical low of 84.0. The index averaged 113.7 points for all of 2014, seven and one-half points above the average for all of 2013. March's index reading was 119.0.
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