April 2016 State of Oregon Economic Indicators

The April 2016 State of Oregon Economic Indexes of was released today. Full report is available here. We thank KeyBank for their generous support of this project

The Oregon economy sustained its momentum in April despite a drag from manufacturing indicators. Highlights of the report include:

• The Oregon measure of economic activity edged down from an upwardly revised March figure, while the three-month moving average, which smooths month-to-month volatility in the measure was effectively unchanged at 1.04, where “zero” indicates average growth over the 1990-present period.
• The manufacturing sector again contributed negatively, held back in part by weaker employment numbers. Soft manufacturing activity currently affects firms nationwide and is more significant in sectors exposed to a