A monthly survey of Jacksonville manufacturers by the University of North Florida’s Local Economic Indicators Project is painting a more optimistic picture of the Northeast Florida economy.
A purchasing manager’s index derived from UNF’s Jacksonville Economic Monitoring Survey rose from 49.7 in September to 51 in October, signaling modest growth in the area’s economy. A number above 50 indicates expansion.
Five of the 12 individual indicators in the survey showed expansion in October.
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