Business Services Industry
Growth among California's Inland-Area Firms Topped Nation's GDP Gains.
Knight Ridder/Tribune Business News, August, 1999 by Benson, Don
Knight Ridder/Tribune Business News
Aug. 23 -- Revenue and asset growth at most local public companies outstripped increases in the U.S. gross domestic product over the past year, in some cases rocketing more than 50 percent.
The mean rate of growth among the 20 Inland Empire companies traded on the New York and American stock exchanges and Nasdaq was 13.7 percent in the latest reporting year.
Reporting dates vary from company to company, but the level of growth more than tripled annual gross domestic product gains, which have been running about 3.5 percent to 4 percent in recent quarters.
Growth at the local firms trading on the major exchanges was measured as the percentage change in annual revenue for manufacturers and change in...
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