Wednesday, March 07, 2012
Economic activity improved in Oregon, bolstered by manufacturing and service industries.
Consumer confidence continued to rebound from the lows of last summer and fall, said UO economist Tim Duy, the author of the index. But he warned that this confidence may weaken in the months ahead because of higher gasoline prices.
Overall, the data in January show continued growth for the Oregon economy in 2012, Duy said, although the recent increases in oil prices will sap some of that growth.
Read more at The Register Guard.