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- Cal State University Fullerton’s
Business Expectation Indicator (OCBX) made
large gains in the second quarter of 2012
before falling to more conservative levels
for the second half of 2012. The index currently
sits at 94.4 in Q2 2018 – a slight 0.8 index
point decrease since the previous quarter
and 2.0 points above the Q2 2017 reading of
92.4. While below recent peaks, this represents
44.4 points above the 50-point indicator of
expansion, signifying that Orange County businesses
executives are moving through 2018 on a positive
note.
- The California Consumer Sentiment
index for Q2 2018 was measured at 119.8, a
21.1 point increase compared to a year ago,
yet a decrease of 0.7 points compared to the
previous quarter’s revised reading of 120.5.
Despite a dip in 2016, the consumer sentiment
reading has recovered dramatically with five
of the past six readings being measured above
100, indicating a continued sense of optimism
for Orange County businesses. Looking at the
sentiments for current and future conditions,
after the large jump in Q1 2018 to a revised
reading of 128.8, the Q2 2018 reading for
current conditions measured 122.4 while the
future conditions sentiment increased over
the same time period, growing from 112.9 in
Q1 2018 to 112.5 in Q2 2018. Overall, both
consumer sentiments for current and future
conditions indicate optimism.
- The total number of passengers
going through John Wayne Airport decreased
by 4,750 compared to March 2018 yet increased
by 42,499 compared to April 2017, reaching
893,668 total passengers in April 2018. Total
air cargo tons shipped increased by 301 tons
compared to March 2018, reaching 1,731 tons
in April 2018 and total airplane operations
(take-offs and landings) decrease by 420 compared
to March 2018, reaching 24,999 in April 2018
representing an increase of 245 operations
compared to the year before.
- Orange County car and truck
sales increased in April 2018 with registrations
totaling 6,641 cars and 7,331 trucks – a month-over-month
increase of 401 cars and an increase of 251
trucks since March 2018.
- In May 2018, the Port of Los
Angeles recorded a total 768,804 containers
– an increase of 63,268 containers compared
to April 2018 yet a decrease of 15 27,413
containers compared to the May 2017. The Port
of Long Beach estimated 687,427 containers
used in May 2018, an increase of 68,989 compared
to April 2018’s activity levels and an increase
of 39,140 compared to May 2017.
- The vitality of Orange County’s
manufacturing industry is monitored by Chapman
University’s manufacturing composite index,
measuring growth in the industry sector by
monitoring changes in employment, production,
commodity prices, and new orders. Orange County’s
composite index increased going into Q2 2018
to 66.2 compared to 60.6 in Q1 2018 and is
well above the index score of 61.6 in Q2 2017.
The state-level composite index experienced
an increase in Q2 2018, hitting 63.3 compared
to 61.8 in Q1 2018.
- Approximately 176 Orange County
businesses were sold in May 2018, 42 more
businesses than the previous month and 17
more compared to May 2017. Los Angeles saw
a total of 360 businesses sold in May 2018
compared to 387 businesses sold in April 2018,
a decrease of 27 businesses over the past
month yet an increase of 40 businesses when
compared to May 2017.
- May 2018 saw 440 bankruptcy
filings in Orange County, 14 less than the
previous month and 40 less bankruptcies compared
to May 2017. While bankruptcy filings saw
a dramatic decrease since starting in mid-2012,
this rate of decrease seems to have stabilized
with the number of Orange County bankruptcies
averaging 513 per month since January 2014
and averaging 475 since January 2015.
- Orange County office vacancy
rates remained steady during Q1 2018, staying
at 10.9 percent. At the same time, Orange
County's industrial vacancy rates experienced
a small decrease to a Q1 2018 rate of 1.5
percent from a Q4 2017 rate of 1.7 percent.
Net absorption in office space for Q1 2018
was recorded at -24,919 square feet. Industrial
absorption was measured at 252,489 square
feet as of Q1 2018. Average asking lease rates
for Orange County office space in Q1 2018
was measured at $2.90 per square foot while
industrial rates were measured at $0.89 per
square foot. Currently, CBRE estimates that
there is 1,002,000 square feet of office space
currently under construction and 934,754 square
feet of industrial space under construction.
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Orange County Composite Index
Expansion: > 50
The Orange County Composite Index is a measure of the results of surveys of conditions for manufacturing in Orange County according to purchasing managers. A value of 50 for the composite index shows a general expansion of the manufacturing economy of the county, and a value below 50 shows a decline.
Source: Chapman University
Orange County Business Expectations - OCBX
Expansion: > 50
The Orange County Business Expectations Survey (OCBX Index) is a measure of future business expectations by Orange County firms at the time of the survey. A value of 50 for the composite index shows a general expansion of the county’s ability to grow, and a value below 50 shows a decline.
Source: California State University, Fullerton
California Consumer Sentiment Composite
Index Optimistic:Greater Than 100
This indicator measures consumer sentiment for residents of California; indicators below 100 indicates a larger percentage of pessimistic residents compared to optimistic residents. The California Composite Index is generated based on indices including consumers’ outlook on current and future economic conditions and an index measuring consumers’ spending plans.
Source: Chapman University
California Consumer Sentiment Index
Current Vs. Future Sentiment
Optimistic: Greater Than 100
This indicator measures consumer sentiment for residents of California. The California Index measures consumers’ outlook on current and future economic conditions, a component determining the composite index. An index below 100 indicates a larger percentage of pessimistic consumers compared to optimistic consumers.
Source: Chapman University
John
Wayne Airport (SNA) 2007-2018 Monthly Total
Passengers
This indicator shows the total number of monthly passengers boarding at John Wayne Airport by month from 2007 to 2017.
Source: John Wayne Airport
John
Wayne Airport (SNA) 2007-2018 Monthly Air Cargo
Tons
This indicator shows the total monthly tonnage of air cargo transported through John Wayne Airport from 2007 to 2017.
Source: John Wayne Airport
John
Wayne Airport (SNA) 2007-2018 Total Air Operations
This indicator shows the total number of tower operations (take-offs and landings) at John Wayne Airport by month.
Source: John Wayne Airport
Total
Containers at the Ports of Long Beach and Los
Angeles 2010-2018
This indicator shows the total number of TEUs (20-foot-equivalent unit or 20-foot-long cargo container) loaded inbound, loaded outbound and current empty containers at the ports of Long Beach and Los Angeles.
Source: Port of Long Beach, Port of Los Angeles
Container
Types, Port of Long Beach Annual Averages, 2009-2018
This indicator shows the annual average of TEUs
(20-foot-equivalent unit or 20-foot-long cargo
container) itemized by inbound, outbound and
empty containers at the Port of Long Beach.
Source: Port of Long Beach
Container Types, Port of Los
Angeles Annual Averages, 2009-2018
This indicator shows the annual average of TEUs (20-foot-equivalent unit or 20-foot-long cargo container) itemized by inbound, outbound and empty containers at the Port of Los Angeles.
Source: Port of Los Angeles
Business
Sales by Region, 2010-2018
This indicator tabulates the number of businesses sold by entrepreneurs in each region.
Source: BizBen
Orange
County: New Retail Car and Light Truck Registration
This indicator compares the number of automobiles
sold by auto dealers in Orange County, categorized
as cars or light trucks.
Source: Orange County Auto Dealers Association
Orange
County: Total Bankruptcies - 2009-2018
This indicator compares the number of bankruptcies since 2009 at the Santa Ana Court, Central District of California.
Source: United States Bankruptcy Court
Orange County: Fictitious Name Filings 2009-2017
This indicator compares the number of fictitious name filings in Orange County since 2009, as recorded by the Orange County Clerk-Recorder Office.
Source: Orange County Clerk Recorder
California Manufacturing Purchasing Managers
Composite Index Expansion: > 50
This Index is a measure of the results of surveys of California manufacturing purchasing managers. A value of 50 for the composite index shows a general expansion of the manufacturing economy of the state, and a value below 50 signifies a decline.
Source: Chapman University
California Indicies for Industry Groups
Expansion > 50
This chart shows the growth rate for Durable and Non-Durable manufacturing over time. A value of 50 for the index shows a general expansion of the category, while a value below 50 indicates a decline in growth. The industries are classified according to the North American Industry Classification System (NAICS).
Source: Chapman University
California Manufacturing Purchasing Managers
Production Index Expansion: > 50
The Production Index measures the survey results of California manufacturing purchasing managers. A value of 50 for the index shows a general expansion of the manufacturing economy of the state, and a value below 50 shows a decline. The industries are classified according to the North American Industry Classification System (NAICS).
Source: Chapman University
California Manufacturing Purchasing Managers
Employment Index Expansion: > 50
This chart shows the Employment Index for purchasing managers in manufacturing over time. A value of 50 for the index shows a general expansion of the manufacturing economy of the state and a value below 50 shows a decline. The industries are classified according to the North American Industry Classification System (NAICS).
Source: Chapman University
California Manufacturing Purchasing Managers
New Orders Index Expansion: > 50
This chart shows the New Orders Index over time. A value of 50 for the index shows a general expansion of the manufacturing economy of the state and a value below 50 shows a decline. The industries are classified according to the North American Industry Classification System (NAICS).
Source: Chapman University
California Manufacturing Purchasing Managers
Commodity Price Index Expansion: > 50
This chart shows the Commodity Price Index over time. A value of 50 for the index shows a general expansion of the manufacturing economy of the state and a value below 50 shows a decline. The industries are classified according to the North American Industry Classification System (NAICS).
Source: Chapman University
Orange County Office Vacancy Rate
The following is a chart displaying the vacancy rate of local office properties, showing the percentage of properties lacking a current tenant per quarter.
Source: CBRE Research
US
Office Vacancy Rate
The following is a chart displaying the vacancy rate of office properties in the United States, showing the percentage of properties lacking a current tenant per quarter.
Source: CBRE Research
Orange County Office Absorption and Overall Asking Rent
The chart below tracks the absorption of square footage by new tenants over time.
Source: CBRE Research
Orange
County Industrial Vacancy Rate and Asking Rent
This graph measures the vacancy rate of properties in Orange County on a quarterly basis, showing the percentage of properties lacking a current tenant.
Source: CBRE Research
US Industrial Vacancy Rate
Charted below is the vacancy rate of properties for the United States, showing the percentage of properties per quarter that lack a current tenant.
Source: Newmark Grubb Knight Frank
Orange County Industrial Leasing Activity
Graphed below is the completion and absorption of square footage of space by new tenants over time.
Source: CBRE Research
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