The Central Oregon Business Index slipped after several quarters of fairly steady gains. The Central Oregon Business Index was at 124.8 (1998=100) during the final quarter of 2014 compared to a revised 125.1 the previous quarter. Compared to the same quarter last year, the COBI is up 3.5 percent. The COBI’s decline this quarter is attributable to some expected declines in a few indicators with very rapid gains in previous quarters and does not indicate a fundamental change in the underlying economy. The recovery in Central Oregon remains intact; expect continued improvement on the back of ongoing growth in the national and state economies.
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