June 2016 State of Oregon Economic Indicators

The June 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’s economy posted some modestly softer numbers in June but the pace of activity remains generally consistent with that normally experienced during expansions. Highlights of this month’s report include:

• The Oregon measure of economic activity fell to 0.57 from an upwardly revised May figure of 0.81. The three-month moving average, which smooths month-to-month volatility in the measure was 0.77, where “zero” indicates average growth over the 1990-present period.
• The manufacturing sector remained in modestly positive territory on the back of fairly strong average weekly hours worked in the