San Diego Economy Slows

San Diego’s economy is still growing, but it’s just not increasing at a rate that it did in the past. The local economy grew by 0.5 percent in May, the slowest it has since October 2014, according to a University of San Diego report that examines what it calls the Index of Leading Economic Indicators.

The good news is that there is still job growth, increased residential construction and a bounce back in the overall country’s economy that are all helping industries here. Multifamily construction is especially strong right now.

The lagging indicators were a drop in consumer confidence and the stock prices of companies based in the area.