Oregon Business Conditions Survey

The Oregon Economic Forum is launching a new project as part of our comprehensive effort to assess the state’s economy.  And we need your help!

We are asking that you participate in a survey designed to track business conditions in Oregon.  This short survey ask questions about business conditions at your firm, in your industry, and in your geographic area.  Quotes from certain open-ended questions may be featured in quarterly publications detailing the results of the survey.

We are looking to build a contact list of firms willing to participate with a goal of launching the first survey by the second quarter of 2015.  If you are interested in participating, please contact me at duy@uoregon.edu.

A sample of the survey is available here – at the end you will have another opportunity to participate.

Thank you for your support of the Oregon Economic Forum and the University of Oregon.

January 2016 State of Oregon Economic Indicators

The January 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.

Chart2Jan16

The Oregon Measure of Economic Activity gained sharply in the first month of 2016, indicating the state’s economy remains on solid ground. Highlights of the report include:

  • Although national indicators of manufacturing activity softened over the past year, the Oregon manufacturing sector held firm with employment rising and hours worked at high levels. This likely reflects the more-limited exposure of Oregon to declining oil and gas activity relative to other states..
  • Construction employment supported the measure while housing permits were a neutral factor. The household sector also held strong despite the anticipated negative contribution from equity prices.
  • The University of Oregon Index of Economic Indicators grew 0.2% in January.
  • Initial unemployment claims held steady while, employment services payrolls (largely temporary help workers) rose. Both indicators suggest continued job gains for Oregon.
  • The Oregon weight distance tax (a measure of trucking activity) and core manufacturing orders (a national indicator) both rose; average weekly hours worked in manufacturing, however, slipped. Consumer sentiment was stable despite falling equity prices.
  • Indexes were updated to account for revised employment data.

These two indicators suggest ongoing growth in Oregon at an above average pace of activity. The ongoing US economic expansion provides sufficient support to sustain Oregon’s economy for the foreseeable future.