May 2016 Oregon Regional Economic Indicators

The May 2016 Oregon Regional Economic Indicators was released today. Full report is available here. We thank KeyBank for their generous support of this project

May saw continued solid growth across the regional areas of Oregon. Highlights of this month’s report include:

• The measures for all regions continue to indicate above average growth (both the “raw” May numbers and the moving average measures of activity, which smooth monthly volatility). Recall that “zero” for these measures indicates relative average growth; each region has its own underlying growth rate.
• The Portland metro measure cooled somewhat on the back of softer employment numbers, but note that these indicators can be volatile month to month. Portland’s housing numbers sustained recent