Baldwin Park Shopping Plaza Keeps Up with the Economy

June 22, 2012 - PRLog -- The Gateway Center Keeps Tabs on Economic “Super Bowl”

1622 Puente Ave., Baldwin Park, CA 91706 — every industry has their annual big event: in baseball, it is the World Series; in hockey, it is the Stanley Cup; in football, they have the Super Bowl. As it happens, the sport of economics also has their “Super Bowl” and it will be held this week. A veritable slew of leading and lagging indicators will become available from both public and privately-held sources. Business leaders from around the world and around the nation will be attuned to these data and the professionals that oversee the Gateway Center in Baldwin Park are no exception. Managing a world-class shopping facility in Southern California is a huge challenge for both management and its retail tenants, and they can use all the help they can get.

Economic indicators are used by business professionals worldwide to help them gauge what will happen next in some of the world’s leading economies. Right now, everyone has their eyes on the United States. The American economy is important to follow because the United States Dollar is the world’s reserve currency. Furthermore, many other nations have assets held in the United States and what these indications eventually show will drive decisions about those assets. To bring it to a more local level, the indicators in the Economic “Super Bowl” will help determine what kind of economic forecast to make. Small business owners can base their inventories and sales on what the data show.

One of those indicators is the PMI, or Purchasing Managers Index. Compiled since 1915 by the Institute for Supply Management (ISM), the Index tracks the acquisitions of goods and services. This is an important piece of data because it shows how other businesses are buying and what they are buying and by how much. On a scale of 100, any score of 50.0 or above shows an expansion trend while a 49.9 or lower indicates contraction. For example, a PMI of 52.2 would show that managers in charge of purchasing for their business believe that the economy is in expansion and that customers are confident about spending discretionary income.

The ADP Employment Report is released by a payroll company called Automated Data Processing. This number will show how many people were hired during the last quarter. Employment numbers point toward how many Americans are gainfully employed. The more people that are employed the better the economy will recover. If the ADP Employment numbers show a contracting trend, less money is being spent. For an economy that is built upon consumer spending, putting people to work is essential.

The Gross Domestic Product, or GDP, revision will show how well the economy as a whole is doing after the raw numbers have been adjusted. A nation’s GDP is the sum total of all production, spending, and investment. If the GDP shows a downward trend, it may indicate that the economy may be headed for a downturn.

Other indicators that will be released include Initial Jobless Claims, Personal Spending, and Vehicle Sales. All of these indicators taken together as a body of data can give real estate professionals at the Gateway Center and retailers in Baldwin Park a glimpse into the business future.

Contact: Alex Management
Phone: 310-220-0527

Visit us at: http://www.gatewaycenterinfo.com