The December 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.
Oregon finished out 2016 on a solid note. Highlights of this month’s report include:
- The Oregon measure of economic activity fell to 0.52 from an upwardly revised November figure of 0.71. The three-month moving average, which smooths month-to-month volatility in the measure, was 0.81 (“zero” indicates average growth over the 1990-present period), up from the previous month.
- Only the manufacturing sector contributed negative in December. Employment measures boosted the construction sector; housing permits were modestly below normal and hence made a negative contribution.
- The labor force and employment