May 2016 State of Oregon Economic Indicators

The May 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 continues to grow at a pace similar to that of prior expansions. Highlights of this month’s report include:

• The Oregon measure of economic activity slipped to 0.62, down from an upwardly revised April figure 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.
• In a reversal from last month, the manufacturing made a positive contribution to the measure on the back of a rebound in average weekly hours worked within the sector. The construction sector