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Northeast Minnesota Economic And Business Conditions Report Fourth Quarter 2018, King Banaian, Richard Macdonald

Northeast Minnesota Economic and Business Conditions Report

A considerable slowing of economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). All five components of the LEI decreased as the overall index plummeted by 15.28 points in the fourth quarter. A smaller number of Duluth metropolitan area residential building permits, a decline in a general measure of statewide business conditions, a weaker purchasing managers’ manufacturing index, and rising regional initial jobless claims all weighed on this quarter’s leading index. The Northeast Minnesota LEI is now 10.3 percent lower than it was …

Northeast Minnesota Economic And Business Conditions Report Third Quarter 2018, King Banaian, Richard Macdonald

Northeast Minnesota Economic and Business Conditions Report

Stronger economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Three of the five components of the LEI increased as the overall index rose by 6.12 points in the third quarter. A higher number of Duluth metropolitan area residential building permits favorably impacted the leading index as did increased new filings of incorporation and lower initial jobless claims in the region. A decline in a general measure of statewide business conditions and a weaker purchasing managers’ manufacturing index weighed on this quarter’s leading …

Northeast Minnesota Economic And Business Conditions Report Second Quarter 2018, King Banaian, Richard Macdonald

Northeast Minnesota Economic and Business Conditions Report

A slowing of economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Three of the five components of the LEI decreased as the overall index fell by 2.65 points in the second quarter. A decline in Duluth metropolitan area residential building permits weighed heavily on the leading index and a fall in a general measure of statewide business conditions also contributed to the negative reading. Lower new filings of incorporation in the Northeast Minnesota planning area had a small unfavorable impact on the …

Northeast Minnesota Economic And Business Conditions Report Fourth Quarter 2017, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

A steady pace of economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Two of the five components of the LEI increased as the overall index was basically flat in the fourth quarter. A surge in Duluth metropolitan area residential building permits and lower initial jobless claims in the region contributed favorably to this quarter’s outlook, while weakness in a general measure of statewide business conditions, a lower reading on a supply manager’s index, and declining new business incorporations weighed on the leading …

Northeast Minnesota Economic And Business Conditions Report First Quarter 2018, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

A steady pace of economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Two of the five components of the LEI decreased as the overall index was basically flat for the second consecutive quarter. A decline in Duluth metropolitan area residential building permits and recently higher initial jobless claims in the region weighed on this quarter’s outlook, while recent strength in a general measure of statewide business conditions and improved new business filings contributed favorably to the leading index.

There were 643 new …

Northeast Minnesota Economic And Business Conditions Report Third Quarter 2017, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

Steady economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Two of the five components of the LEI increased as the overall index rose 2.59 points in the third quarter. An improvement in a supply managers’ survey and lower initial jobless claims in the region helped lift this quarter’s index.

There were 491 new business filings with the Office of the Minnesota Secretary of State in Northeast Minnesota in the third quarter of 2017 — representing a 2.5 percent increase from one year …

Northeast Minnesota Economic And Business Conditions Report - Second Quarter 2017, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Steady economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased as the overall index rose 0.68 points in the second quarter. An improvement in a general measure of statewide business conditions, a rise in a supply managers’ survey, lower initial jobless claims in the region, and increased new filings of incorporation all helped lift this quarter’s index.

There were 681 new business filings with the Office of the Minnesota Secretary of State in Northeast …

Northeast Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Continued strong economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased as the overall index surged by 6.25 points in the first quarter. An increase in the number of Duluth area residential building permits, an improvement in a general measure of statewide business conditions, a rise in a supply managers’ survey, and increased new filings of incorporation all helped lift this quarter’s index.

There were 626 new business filings with the Office of the …

Northeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2016, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

An acceleration of economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Three of the five components of the LEI increased as the overall index surged by 8.23 points in the fourth quarter. An increase in the number of Duluth area residential building permits, an improvement in a general measure of statewide business conditions, and a rise in a supply managers’ survey all helped lift this quarter’s index. A reduction in new filings of incorporation in the Northeast Minnesota planning area and higher …

Northeast Minnesota Economic And Business Conditions Report - Third Quarter 2016, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

A deceleration of economic growth in Northeast Minnesota is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Two of the five components of the LEI increased as the overall index fell by 1.36 points in the third quarter. An increase in new filings of incorporation in the Northeast Minnesota planning area and lower initial jobless claims had a positive impact on the LEI, while recent weakness in a general measure of statewide business conditions and a fall in a supply managers’ survey helped drive the index lower. A …

Northeast Minnesota Economic And Business Conditions Report - Second Quarter 2016, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

Modest improvement in Northeast Minnesota economic conditions is expected over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Two of the five components of the LEI increased as the overall index rose for a second straight quarter. An improvement in a general measure of statewide business conditions and a rise in a supply managers’ survey index had a positive impact on the LEI, while a rise in initial jobless claims earlier in the year dragged down the index. Sluggish new filings for incorporation earlier this year and a decline in …

Northeast Minnesota Economic And Business Conditions Report - First Quarter 2016, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

Northeast Minnesota economic performance is expected to improve over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased in the first quarter as the overall index followed up a negative reading in the fourth quarter with a positive move in the first three months of 2016. A decline in initial jobless claims in the region and a recent increase in filings for new business incorporation contributed favorably to the first quarter LEI. In addition, an improvement in a general measure of state …

Northeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2015, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Northeast Minnesota economic performance is expected to weaken over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI decreased in the fourth quarter as the overall index followed up a slight negative reading in the third quarter with a more significant decline in the final three months of 2015. A jump in initial jobless claims in the region and a large decline in filings for new business incorporation weighed on the fourth quarter LEI. In addition, weakness in a general measure of state …

Northeast Minnesota Economic And Business Conditions Report - Third Quarter 2015, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Business conditions in Northeast Minnesota are expected to be steady over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). While three of the five components of the LEI decreased in this year’s third quarter, the overall index turned only slightly negative following a strong reading three months ago. A decline in initial jobless claims in the region and a large increase in filings for new business incorporation contributed favorably to this quarter’s LEI. Lower residential building permits in the Duluth/Superior area, weakening of a general measure of state business conditions, …

Northeast Minnesota Economic And Business Conditions Report - Second Quarter 2015, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Business conditions in Northeast Minnesota are expected to improve over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased in this year’s second quarter as the overall index rose by 8.22 points. After being in negative territory for the previous two quarters, this quarter’s positive LEI reading is a welcome sign of future improvement in the Northeast Minnesota economy. A recent rise in initial jobless claims in the region was the only drag on the LEI in the second quarter. A rise …

Northeast Minnesota Economic And Business Conditions Report - First Quarter 2015, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

Business conditions in Northeast Minnesota are expected to soften over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI declined in this year’s first quarter as the overall index fell by 16.49 points. This marks two consecutive quarters in which the LEI has been in negative territory, suggesting slower future growth in the Northeast Minnesota planning area. Reduced initial jobless claims in the region are the one bright spot in this quarter’s index. A recent decline in residential building permits in the Duluth/Superior …

Northeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2014, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

Business conditions in Northeast Minnesota are expected to slow over the next several months according to a variety of economic indicators. The Northeast Minnesota Index of Leading Economic Indicators (LEI) fell by 1.47 points in the fourth quarter, although the level of the LEI is considerably above its 2013 value. An improvement in initial jobless claims and higher Duluth/Superior residential building permits contributed favorably to the LEI. Recent weakness in the Institute of Supply Management’s Purchasing Managers Index for manufacturing, slower new business incorporations earlier in 2014, and a deterioration in a general measure of state business conditions were negative …

Northeast Minnesota Economic And Business Conditions Report - Third Quarter 2014, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Business conditions in Northeast Minnesota are expected to remain steady over the next several months according to a variety of economic indicators. Despite a decline in the Northeast Minnesota Index of Leading Economic Indicators (LEI) in the third quarter, the level of the LEI is considerably above its 2013 value. An increase in new filings for business incorporation in Northeast Minnesota, a rise in a supply managers’ survey index, and an improvement in initial jobless claims contributed favorably to the LEI. Recent weakness in Duluth-Superior Area (MSA) residential building permits and a decline in a general measure of state business …

Northeast Minnesota Economic And Business Conditions Report, Second Quarter 2014, Richard A. Macdonald, King Banaian

Northeast Minnesota Economic and Business Conditions Report

Northeast Minnesota business conditions are expected to improve over the next several months according to the predictions of the St. Cloud State University (SCSU) Northeast Minnesota Index of Leading Economic Indicators. The leading economic indicator index (LEI) improved in the second quarter as increases in Duluth/Superior Area (MSA) residential building permits, additional filings for new business incorporations, improvements in a general measure of state business conditions, gains in a supply managers’ survey index and lower initial jobless claims all drove the LEI higher.

There were 548 new business filings with the Office of the Minnesota Secretary of State in Northeast …

Northeast Minnesota Economic And Business Conditions Report: First Quarter 2014, King Banaian, Richard A. Macdonald

Northeast Minnesota Economic and Business Conditions Report

Northeast Minnesota business conditions are expected to improve over the next several months according to the predictions of the St. Cloud State University (SCSU) Northeast Minnesota Index of Leading Economic Indicators. The leading economic indicator index (LEI) improved in the first quarter as increases in filings for new business incorporations, improvements in a general measure of state business conditions and lower initial jobless claims drove the index higher. This was partially offset by weaker results of a supply managers’ survey and a decline in the value of first quarter Duluth/Superior Metropolitan Statistical Area (MSA) residential building permits.

There were 539 …