The Southern California Leading Economic Indicator fell 0.58 percent in the second quarter, its sixth consecutive decline, suggesting a further decrease in economic activity in the region in the next three to sixth months.

The indicator is compiled by Adrian Fleissig, an economist at Cal State Fullerton.

In the latest quarter, the indicator fell to 99.75 from 100.33. The indicator was set at 100 in 2004, so the fact that the indicator has fallen below that value “would suggest that we have experienced a significant slowdown,” Fleissig said.  The indicator peaked at 102.91 in the fourth quarter of 2006, Fleissig said.

The indicator covers the counties of Orange, Los Angeles, San Bernardino, Riverside, Ventura, and Imperial. Components of the indicator include real money supply, interest rate spread, Standard & Poor’s 500 stock Index, regional building permits, Pacific region consumer confidence index, regional nonfarm employment and regional unemployment.

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