The University of Oregon economic index for June fell for the third month in a row, with all Oregon and national indicators negative.
The University of Oregon economic index for June fell for the third month in a row, with all Oregon and national indicators negative.
The index, which forecasts economic conditions in the coming months, fell 0.5 percent to 90.5 in June, compared to May. The index uses 1997 as the base year of 100; the higher the index, the better the outlook for the economy for the next few months.
This latest report of a stop-start economic recovery came as no surprise to local businesses.
“We think that this economy is going to have fits and starts,” said Roger Rutan, marketing vice president at Timber Products Co. “So our words to ourselves are ‘Don’t get too excited when you have an uptick, and don’t get too depressed when you have a downtick. It’s steady as it goes.’ ”
Read more at The Register-Guard.
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