Report indicates Northeast Florida manufacturing activity contracting

“Despite the overall contraction, Jacksonville shows signs of stability and potential resilience,” UNF economist Albert Loh says.

  • By Mark Basch
  • | 9:14 a.m. July 15, 2024
  • | 0 Free Articles Remaining!
Albert Loh, University of North Florida professor of economics and director of the school’s Local Economic Indicators Project. He created a measure of the area economy called the Jacksonville Economic Monitoring Survey, or JEMS.
Albert Loh, University of North Florida professor of economics and director of the school’s Local Economic Indicators Project. He created a measure of the area economy called the Jacksonville Economic Monitoring Survey, or JEMS.
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A monthly survey of Jacksonville area manufacturers by the University of North Florida’s Local Economic Indicators Project indicated contraction in the local economy.

However, the manufacturers expressed optimism about improving conditions in the months ahead.

Meanwhile, a quarterly global survey of businesses by Jacksonville-based Dun & Bradstreet showed increased optimism about the world economy.

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