This is the University of Oregon State of Oregon Economic Indicators for April 2020. The release date June 8, 2020. Special thanks to our sponsor, KeyBank
Link to full report (with charts!) here.
This is what a “sudden stop” looks like in the data. The Oregon Measure of Economic Activity plummeted to -14.7 in April while the moving average measure, which smooths out the volatility, fell to -5.13; both measures indicate below average growth for the Oregon economy. Highlights of the report:
Economic activity came to a sudden stop in an effort to slow the spread of Covid-19. We should expect a sharp short-term bounce in the data in the coming months as the economy reopens. Longer-term, however, the recovery to the past peak of activity will be slow and choppy as the economy adapts to the virus.
Media Contacts:
Tim Duy – 541.346.4660 (w)
© 1987-2024 SOREDI 100 E Main Street, Suite A • PO Box 4672 • Medford, OR 97501 • Phone: (541) 773-8946