Los Angeles and Orange counties had the nation’s sixth-best regional economy at mid-year — and the Inland Empire weighed in at No. 18, according to a Federal Reserve Bank of St. Louis yardstick.

The St. Louis Fed’s regional economic indexes for 68 major U.S. metro areas use a dozen variables to track the change in growth in each region’s business output. Here’s what my trusty spreadsheet found as of June …

Los Angeles-Orange County

The L.A.-O.C. economy was growing at a 4.5% annual pace — No. 6 among big metros tracked — and its best in four years. It’s up from 2.7% annual growth pace a year earlier — when the area ranked No. 34 nationally.

The year’s change in growth — a 1.9 percentage-point increase — ranked No. 6 among these metros.

Inland Empire

The Fed indexes show the economy of Riverside and San Bernardino counties grew at a 3.6% annual pace in these 12 months — No. 18 among big metros. That’s up compared with a 3.5% annual growth pace a year earlier — which ranked No. 17 nationally.

The year’s change in growth — a 0.1 percentage-point increase — ranked No. 33 among these metro areas.


Annualized economic growth in the past year increased in 34 of the 68 metros tracked. Median growth was 2.4% — a decrease compared with a 2.7% pace a year earlier.

The fastest growth this year was found in Seattle at 5.37%. The worst performer was Tulsa, off 2.72%.

Who had the biggest improvement nationally? Virginia Beach — up 2.91 percentage points in the year. And the biggest decline? Again we go to Tulsa, which was down 10.24 percentage points.


Annualized economic growth in the past year increased in five of the eight metros tracked. Here’s how Fed indexes saw the rest of the state …

San Diego County: 4.48% growth (No. 6 of 68) up from 3.19% a year earlier (No. 23 nationally).

Bakersfield: 4.26% growth (No. 9) up from 3.62% a year earlier (No. 16).

Ventura County: 2.64% growth (No. 29) down from 2.97% a year earlier (No. 27).

San Francisco: 4.19% growth (No. 11) up from 3.81% a year earlier (No. 13).

San Jose-Santa Clara: 4.61% growth (No. 4) down from 5.59% a year earlier (No. 2).

Sacramento: 1.37% growth (No. 51) down from 3.4% a year earlier (No. 18).

LA Daily News