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November 2017 Metrics  

Overview:
  • 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 92.4 in Q2 2017 – a slight 5.5 index point decrease since the previous quarter and 7.1 points above the Q2 2016 reading of 85.3. While below recent peaks, this represents 42.4 points above the 50-point indicator of expansion, signifying that Orange County businesses executives are moving through 2017 on a positive note.
  • California’s Consumer Sentiment Composite Index registered a large jump recently, yet fell back down to coming into the second quarter of 2017. The Q2 2017 index indicating consumer confidence in the state economy is 98.7, a massive increase compared to a year ago, yet a substantial decrease of 10.8 points compared to the previous quarter’s revised reading of 109.5. Despite a dip in 2016, the consumer sentiment reading has recovered dramatically with the past three readings registering scores consistently above 100, indicating a continued sense of optimism for Orange County businesses. After the large jump in Q1 2017 to a revised reading of 121.7 for current conditions, the Q2 2017 reading fell back down to 102.5 in Q2 2017 while the drop in future conditions was much more muted yet fell below the index score of 100, shrinking from a revised reading of 100.3 in Q1 2017 to its current reading of 92.8 in Q2 2017. This indicates that while current conditions still indicate expansion, the future readings are less optimistic in regards to consumer sentiments.
  • The total number of passengers going through John Wayne Airport decreased by 80,970 compared to August 2017 and decreased by 13,528 compared to September 2016, reaching 853,545 total passengers in September 2017. Total air cargo tons shipped increased by 119 tons compared to August 2017, reaching 1,644 tons in September 2017 and total airplane operations (take-offs and landings) decreased by 1,700 compared to August 2017, reaching 24,550 in September 2017 representing an increase of 422 operations compared to the year before.
  • Orange County car and truck sales decreased in September 2017 with registrations totaling 7,365 cars and 7,580 trucks – a month-over-month decrease of 1,323 cars and 1,117 trucks since August 2017.
  • In October 2017, the Port of Los Angeles recorded a total 748,762 containers – a decrease of 15,023 containers compared to September 2017 and a decrease of 65,812 containers compared to the October 2016. The Port of Long Beach estimated 669,218 containers used in October 2017, a decrease of 32,401 compared to September 2017’s activity levels yet an increase of 87,410 compared to October 2016.
  • 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 greatly going into Q4 2017 rising to 66.3 compared to 60.2 in Q3 2017 and increased compared to the index score of 63.2 in Q4 2016. The state-level composite index experienced a similar increase in Q4 2017, hitting 64.9 compared to 61.0 in Q3 2017.
  • Approximately 142 Orange County businesses were sold in October 2017, 3 more businesses than the previous month yet 10 less compared to October 2016. Los Angeles saw a total of 430 businesses sold in October 2017 compared to 413 businesses sold in September 2017, an increase of 17 businesses over the past month and an increase of 50 businesses when compared to October 2016.
  • October 2017 saw 434 bankruptcy filings in Orange County, 21 more than the previous month and 2 more bankruptcies compared to October 2016. 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 531 per month since January 2014 and averaging 491 since January 2015.
  • Orange County office vacancy rates increased during Q3 2017, growing to 11.1 percent in Q3 2017. At the same time, Orange County's industrial vacancy rates experienced a decrease to a Q1 2017 rate 2.00 percent from a Q1 2016 rate of 2.80 percent. Net absorption in office space for 2017 YTD was recorded at 687,000 square feet compared to 918,000 for the same time period last year. Industrial absorption registered -118,000 square feet being absorbed for YTD Q1 2017 compared to 428,000 square feet being absorbed for YTD Q1 2016.
  • As the both the residential and commercial real estate markets continue to recover, Orange County continues to see gradual increases in asking rental rates at both office and industrial properties. Office asking rents in Orange County have reached $2.53 per square foot in Q3 2017 compared to $2.29 per square foot in Q3 2016. Industrial rent rates also increased slightly, reaching $0.93 per square foot for Q1 2017, representing a $0.12 increase over the same time last year.
Introduction picture: Magnifying glass over figures and data
Table of Contents (click to jump to a specific measure):



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Orange County Composite Index-- Expansion > 50
Orange County Composite Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The Orange County Composite Index is a measure of the results of surveys of conditions for manufacturing in Orange County according to Purchasing Managers. In order to have one single indicator for the performance of the Orange County manufacturing sector, the Composite Index that is a weighted average of the underlying indices. 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 Survey
Orange County Business Expectations Survey: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

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 manufacturing economy of the county and a value below 50 shows a decline.

Source: Cal State Fullerton



California Consumer Sentiment
Optimistic: Greater Than 100

California Consumer Sentiment : Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures consumer sentiment for residents of California. The California Composite Index is generated based on three indices: consumers’ outlook on current and future economic conditions, and an index measuring consumers’ spending plan.

Source: Chapman University
https://www.chapman.edu/research-and-institutions/anderson-center/_files/press-releases/CSResults_2016Q1.pdf




California Consumer Sentiment Regarding Current and Future Conditions
California Consumer Sentiment Index
Optimistic: Greater Than 100

California Consumer Sentiment Regarding Current and Future Conditions: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator measures consumer sentiment for residents of California. The California Index measures consumers’ outlook on current and future economic conditions.

Source: Chapman University



John Wayne Airport Passenger Count
California Consumer Sentiment Regarding Current and Future Conditions: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the total number of passenger boardings at John Wayne Airport by month.

Source: John Wayne Airport at
http://www.ocair.com/newsandfacts/airportstatistics.htm




John Wayne Airport Air Cargo Tons 2007-2016
John Wayne Airport Air Cargo Tons: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the total tonnage of air cargo at John Wayne Airport by month.

Source: John Wayne Airport at
http://www.ocair.com/newsandfacts/airportstatistics.htm




John Wayne Airport Total Air Operations 2007-2017
John Wayne Airport Total Air Operations: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the total number of tower operations (take-offs and landings) at John Wayne Airport by month.

Source: John Wayne Airport at
http://www.ocair.com/newsandfacts/airportstatistics.htm




Total Containers at the Ports of Long Beach and Los Angeles 2010-2017
Total Containers at the Ports of Long Beach and Los Angeles: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the total number of TEUs (20-foot-equivalent unit or 20-foot-long cargo container) loaded inbound, loaded outbound and empties at the Ports of Long Beach and Los Angeles.

Source: Port of Long Beach at http://www.polb.com/economics/stats/teus_archive.asp
and Port of Los Angeles at http://www.portoflosangeles.org/maritime/stats.asp




Port of Long Beach by Type of Container
Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163
This indicator shows the total number of TEUs (20-foot-equivalent unit or 20-foot-long cargo container) itemized by containers loaded inbound, containers loaded outbound and empty containers at the Port of Long Beach.

Source: Port of Long Beach at http://www.polb.com/economics/stats/teus_archive.asp



Port of Los Angeles By Type
Port of Los Angeles By Type : Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator shows the total number of TEUs (20-foot-equivalent unit or 20-foot-long cargo container) itemized by containers loaded inbound, containers loaded outbound and empty containers at the Port of Los Angeles.

Source: Port of Los Angeles at http://www.portoflosangeles.org/maritime/stats.asp



Business Sales 2009-2017 by Region
Business Sales 2008-2010 by Region: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator compares the number of businesses sold by entrepreneurs in each region.

Source: BizBen at http://www.bizben.com/stats/stats-monthly-jan.php



Orange County New Retail Car and Light Truck Registrations
Business Sales 2008-2010 by Region: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator compares the number of automobiles sold by auto dealers in Orange County by type of vehicle.

Source: Orange County Auto Dealers Association at
http://ocada.org/wp-content/uploads/2010/03/OC-Covering-4Q-10.pdf




Orange County Total Bankruptcies 2009 - 2017
Business Sales 2008-2010 by Region: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator compares the number of bankruptcies since 2000 by court office in the Central District of California.

Source: United States Bankruptcy Court at
http://www.cacb.uscourts.gov/statistics




Fictitious Name Filing 2009-2016
Business Sales 2008-2010 by Region: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

This indicator compares the number of fictitious name filings in Orange County since 2005 as recorded by the Orange County Clerk-Recorder Office.

Source: Orange County Clerk Recorder



California Manufacturing Purchasing Managers Composite Index
California Manufacturing Purchasing Managers Composite Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163
The California Manufacturing Purchasing Managers Composite Index is a measure of the results of surveys of California manufacturing purchasing managers. In order to have one single indicator for the performance of the California manufacturing sector, the Composite Index that is a weighted average of the underlying indices. A value of 50 for the Composite 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
https://www.chapman.edu/research-and-institutions/anderson-center/_files/press-releases/PM_CAOCResults_2014II.pdf




California Indices for Industry Groups
California Indices for Industry Groups: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The California Manufacturing Purchasing Managers Composite Index is a measure of the results of surveys of California manufacturing purchasing managers. This chart shows three industry sectors over time. A value of 50 for the Composite 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 Production Index
California Manufacturing Purchasing Managers Production Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The California Manufacturing Purchasing Managers Production Index is a measure of the results of surveys of California manufacturing purchasing managers. This chart shows the Production 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
https://www.chapman.edu/research-and-institutions/anderson-center/_files/press-releases/PM_CAOCResults_2014II.pdf




California Manufacturing Purchasing Managers Employment Index
California Manufacturing Purchasing Managers Employment Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The California Manufacturing Purchasing Managers Employment Index is a measure of the results of surveys of California manufacturing purchasing managers. This chart shows the Employment 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
https://www.chapman.edu/research-and-institutions/anderson-center/_files/press-releases/PM_CAOCResults_2014II.pdf




California Manufacturing Purchasing Managers New Orders Index
California Manufacturing Purchasing Managers New Orders Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The California Manufacturing Purchasing Managers Employment Index is a measure of the results of surveys of California manufacturing purchasing managers. 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
California Manufacturing Purchasing Managers Commodity Price Index: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

The California Manufacturing Purchasing Managers Employment Index is a measure of the results of surveys of California manufacturing purchasing managers. 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
https://www.chapman.edu/research-and-institutions/anderson-center/_files/press-releases/PM_CAOCResults_2014II.pdf




Orange County Office Vacancy Rate
Orange County Office Vacancy Rate: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Newmark Grubb Knight Frank measures the vacancy rate of properties in Orange County on a quarterly basis showing the percentage of properties lacking a current tenant.

Source: Newmark Grubb Knight Frank



US Office Vacancy Rate
US Office Vacancy Rate: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Newmark Grubb Knight Frank measures the vacancy rate of properties for the United States on a quarterly basis showing the percentage of properties lacking a current tenant.

Source: Newmark Grubb Knight Frank
http://www.ngkf.com/home/research/us-market-reports.aspx?d=4866




Orange County Office Completion vs. Absorption
Orange County Office Completion vs. Absorption: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Newmark Grubb Knight Frank measures the completion and absorption of square footage of space by new tenants over time.

Source: Newmark Grubb Knight Frank
http://www.ngkf.com/home/research/us-market-reports.aspx?d=4866




Orange County Office Absorption and Overall Asking RentOrange County Office Asking Rents: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Newmark Grubb Knight Frank measures the rents requested by owners of office space over time. Class A properties are typically high rise facilities while Class B properties are single-story or smaller facilities.

Source: Newmark Grubb Knight Frank
http://www.ngkf.com/home/research/us-market-reports.aspx?d=4866




Orange County Industrial Vacancy Rate
Orange County Industrial Vacancy Rate: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Newmark Grubb Knight Frank measures the vacancy rate of properties in Orange County on a quarterly basis showing the percentage of properties lacking a current tenant.

Source: Newmark Grubb Knight Frank
http://www.ngkf.com/home/research/us-market-reports.aspx?d=4866




US Industrial Vacancy Rate
US Industrial Vacancy Rate: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163
Newmark Grubb Knight Frank measures the vacancy rate of properties for the United States on a quarterly basis showing the percentage of properties lacking a current tenant.

Source: Newmark Grubb Knight Frank
http://www.ngkf.com/home/research/us-market-reports.aspx?d=4866




Orange County Industrial Leasing ActivityOrange County Industrial Completion vs. Absorption: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Graphed above is the completion and absorption of square footage of space by new tenants over time

Source: Newmark Grubb Knight Frank
http://www.ngkf.com/home/research/us-market-reports.aspx?d=4866




Orange County Industrial Asking Rents
Orange County Industrial Asking Rents: Auxiliary aids and services are available upon request to individuals with disabilities.  TDD line: (714) 834-7163

Newmark Grubb Knight Frank measures the rents requested by owners of industrial space over time. General Industrial space is space that can be used for manufacturing processes. R&D/Flex space is space that has more amenities and can be used for R&D purposes as well as be flexible for modified office usage if desired. Warehouse/Distribution space is space that can be used for the storage and warehousing of goods.

Source: Newmark Grubb Knight Frank
http://www.ngkf.com/home/research/us-market-reports.aspx?d=4866
Developed and Maintained in partnership with Orange County Business Council
The Orange County Workforce Investment Board is an equal opportunity entity. Auxiliary aids and services are available upon request to individuals with disabilities.
TDD line: (714) 834-7163