Oregon's economic indicators rose slightly in October, but not enough to dissuade fears of another recession.
The University of Oregon's monthly Index of Economic Indicators rose to 89.3 in October, 0.3% up from September.
Compared with the previous month, the index strengthened a bit. But compared with six months ago, the index has fallen 3.6 percent, said Tim Duy, UO economist and the index’s author.
“Since we’ve emerged from the recession we’ve seen this period of stop-start growth,” he said.
Economic activity in Oregon waned over the summer and has begun to pick up again in the last few months, Duy said.
“That in a sense is a positive sign,” he said. But Duy said he wants to see substantially better numbers in the coming months to allay concerns that the decline in economic activity this summer might have been an early sign that another recession is in the offing.
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