San Diego economy hits record high
Jack Crittendon, OUR CITY SAN DIEGO
Monday, November 3, 2014
"It is interesting that real estate is doing well but construction has not rebounded," said Kelly Cunningham, economist at National University System Institute for Policy Research. "At some point we will need more construction and one would expect that to take off."
Government and manufacturing expanded through the recession but have leveled off in the last two years. This is primarily due to government sequestration cuts, Cunningham said.
“These numbers underscore important changes ongoing in San Diego below the surface,” Cunningham said. “The region continues to transform from largely defense and goods based production to more services and technology oriented applications for economic activity.”