Oregon Regional Economic Indexes Stronger in January

Yesterday the Oregon Economic Forum released their regional economic indexes for January. The indexes track the regions that include Oregon's five largest metropolitan areas.

Regional activity was stronger in January. The moving average for each region improved from December levels. The University of Oregon's Tim Duy noted that Portland continued to grow, hitting near or slightly above the average growth rate seen in the 1998-2011 trend. The moving average in the Salem and Rogue Valley areas improved from the previous month, but both continue to experience below average growth. In both Salem and the Rogue Valley, the labor force dragged down the January measures of economic activity.

More information and an archive of summaries about Oregon's regional economic activity is available on the Oregon Economic Forum site.