UNF economic report shows expansion, optimism

“The Jacksonville economy exhibits resilience and a capacity for growth even as the broader U.S. manufacturing sector faces challenges,” UNF economist Albert Loh says.

  • By Mark Basch
  • | 2:10 p.m. February 13, 2024
  • | 0 Free Articles Remaining!
Albert Loh, University of North Florida professor of economics and director of the school’s Local Economic Indicators Project. He created a measure of the area economy called the Jacksonville Economic Monitoring Survey, or JEMS.
Albert Loh, University of North Florida professor of economics and director of the school’s Local Economic Indicators Project. He created a measure of the area economy called the Jacksonville Economic Monitoring Survey, or JEMS.
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A monthly survey of Jacksonville manufacturers by the University of North Florida’s Local Economic Indicators Project showed marginal expansion in January and that local manufacturers are more optimistic about business conditions.

A purchasing manager’s index derived from UNF’s Jacksonville Economic Monitoring Survey edged up from 50 in December to 50.4 in January. Any number above 50 indicates expansion.

A national purchasing manager’s index from the Institute for Supply Management rose in January but only reached 49.1, indicating activity was contracting.

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