This is the University of Oregon State of Oregon Economic Indicators for August 2019. The release date is October 4, 2019. Special thanks to our sponsor, KeyBank.
Link to full report (with charts!) here.
The Oregon Measure of Economic Activity fell to -0.07 in August. Highlights of this month’s report include:
The moving average measure, which smooths out the volatility, held at 0.07 (after revisions to previous months), still close to average but lower than typically experienced during an economic expansion (“zero” indicates average growth over the 1990-present period).
The UO Index does not yet signal a recession. At this point, the combination of measures in this report suggests continued economic expansion albeit at a slower pace of growth compared to last year.
Tim Duy – 541.346.4660 (w)
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