The March 2016 State of Oregon Regional Economic Indexes of was released today. Full report is available here. We thank KeyBank for their generous support of this project.
Regional economies maintained their momentum in April. Highlights of the report include:
The measures for all regions continue to indicate above average growth (both the “raw” April numbers and the moving average measures of activity, which smooth monthly volatility). Recall that “zero” for these measures indicates relative average growth; each region has its own underlying growth rate.
New housing units permitted made a near-neutral contribution in all areas with the exception of Salem. New home construction in Salem continues to lag despite experiencing strong demand for housing seen