March 2016 State of Oregon Economic Indicators

The March 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.

The Oregon economy continues to charge forward even as manufacturing indicators softened in March. Highlights of the report include:

• The Oregon measure of economic activity was down from an upwardly revised February number, while the three-month moving average, which smooths month-to-month volatility in the measure, rose to 0.95, where “zero” indicates average growth over the 1990-present period.
• Similar to February, the manufacturing sector contributed negatively. Firms heavily exposed to a stronger dollar or the energy sector continue to struggle. The construction sector also weighed on the measure, although building