Regional Economy Trends

Q3 2009 September Summary : Complete Report

The regional economy contracted since the last report. Decreases in activity occurred in the retail spending, tourism, services, residential construction, agriculture, mining and manufacturing sectors. The commercial construction sector was stable at low levels, while the energy and residential real estate sectors saw moderate increases. Labor markets slackened since the last report, and wage increases were moderate. While a number of prices were lower than a year ago, prices have generally remained stable since the last report.

Q3 2009 July Summary : Complete Report

The regional economy contracted since the last report. Decreases in activity occurred in the retail spending, tourism, services, residential construction, agriculture, mining and manufacturing sectors. The commercial construction sector was stable at low levels, while the energy and residential real estate sectors saw moderate increases. Labor markets slackened since the last report, and wage increases were moderate. While a number of prices were lower than a year ago, prices have generally remained stable since the last report.

Q2 2009 June Summary : Complete Report

The contraction in the regional economy moderated since the last report. Modest decreases in activity occurred in the consumer spending, services, residential construction and real estate, agriculture and manufacturing sectors. More substantial drops in activity were noted in commercial construction and real estate, and in the energy and mining sectors. Spring tourism activity was mixed, and residential real estate saw more activity. Labor markets continued to weaken, and wage increases were modest. Price increases remained subdued.

Q2 2009 April Summary : Complete Report

The broad-based economic downturn continued in the region. Activity weakened since the last report in consumer spending, tourism, services, construction and real estate, manufacturing, energy, mining and agriculture. Labor markets continued to deteriorate as a number of companies announced layoffs. Overall wage increases remained modest. Prices remained relatively stable since the last report; many prices were lower compared with a year ago.

Q1 2009 March Summary : Complete Report

The regional economy contracted further since the last report. Activity dropped in consumer spending, tourism, services, construction and real estate, manufacturing, energy and mining. However, agricultural conditions improved. Employment continued to decline. Wage increases were modest, with some pay freezes reported. Prices were generally level during the reporting period, as some price decreases continued to moderate.

Q1 2009 January Summary : Complete Report

Regional economic activity decreased slightly in most sectors since the last report. Decreased activity was noted in consumer spending, tourism, services, construction and real estate, manufacturing, energy, mining and agriculture. Labor markets continued to weaken, as a number of companies announced layoffs since the last report. Overall wage increases were modest. A number of prices continued to decrease since the last report, but the pace of decline seems to have stabilized.