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

Central Minnesota Economic and Business Conditions Report

Continued steady economic growth is expected in the Central Minnesota planning area over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 0.72 points in the most recent period, with three components producing positive readings. Increased St. Cloud area residential building permits and higher national durable goods orders had the greatest favorable impact on the leading index in the third quarter. A downturn in the Minnesota Business Conditions Index had the largest negative effect on the LEI.

There were 1,432 new business filings with the Office of …

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

Central Minnesota Economic and Business Conditions Report

Economic growth is expected to slow in the Central Minnesota planning area over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index fell by 6.62 points in the most recent period, with only one component producing a positive reading. Increased national durable goods orders was the only LEI component to produce a favorable outlook in the fourth quarter. The remaining index components--St. Cloud area residential building permits, the Minnesota Business Conditions Index, new regional filings of incorporation, and initial claims for unemployment insurance all helped drag down the local …

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

Central Minnesota Economic and Business Conditions Report

Continued steady economic growth is expected in the Central Minnesota planning area over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 1.30 points in the most recent period, with three components producing positive readings and one index value that was largely unchanged. A downturn in the Minnesota Business Conditions Index is the only LEI component to have a measurable negative reading in the second quarter. Increased St. Cloud area residential building permits contributed to this quarter’s higher LEI as did higher national durable goods orders and …

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

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience continued economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 3.32 points in the most recent period, with three components producing positive readings. Increased St. Cloud area residential building permits contributed to this quarter’s rising LEI. In addition, an uptick in national durable goods orders and lower regional initial jobless claims also helped drive the index higher.

There were 1,331 new business filings with the Office of the Minnesota Secretary of State in Central Minnesota …

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

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience steady economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 0.94 points in the most recent period, with four components producing positive readings. Decreased St. Cloud area residential building permits are the only component to weigh on this quarter’s leading index. An uptick in national durable goods orders, lower regional initial jobless claims, an increase in the Minnesota Business Conditions Index, and an improvement in new filings of incorporation all helped drive the index higher. …

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

Central Minnesota Economic and Business Conditions Report

The pace of economic growth in the Central Minnesota planning area is expected to slow over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index fell by 3.28 points in the most recent period, with two components producing negative readings. A decline in a general measure of statewide business conditions and a recent slowing of St. Cloud area residential building permits contributed to this quarter’s decline in the LEI. On the positive side were an uptick in national durable goods orders, lower regional initial jobless claims, and increased new …

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

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience strong economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 6.20 points in the most recent period, with four components producing positive readings. Among other things, strength in a general measure of statewide business conditions, an uptick in national durable goods orders, higher St. Cloud metropolitan area residential building permits, and lower regional initial jobless claims helped lift the Central Minnesota planning area LEI higher in the second quarter.

There were 1,440 new business filings …

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

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience steady economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 2.03 points in the most recent period, with four components producing positive readings. Among other things, strength in a general measure of statewide business conditions and a small uptick in national durable goods orders helped lift the Central Minnesota planning area LEI in the first quarter.

There were 1,579 new business filings with the Office of the Minnesota Secretary of State in Central Minnesota in …

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

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience steady economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 0.86 points in the most recent period, with three components producing positive readings. Strength in a general measure of statewide business conditions along with rising residential building permits in the St. Cloud area helped drive the index upward this quarter. A small uptick in national durable goods orders also contributed favorably to the leading index. An increase in initial jobless claims in Central Minnesota and …

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

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience a slowing of economic growth over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index fell by 2.90 points in the most recent period, with three components producing negative readings. Weakness in a general measure of statewide business conditions along with slowing residential building permits in the St. Cloud area helped tip the index down this quarter. An increase in initial jobless claims in Central Minnesota also had a negative impact on the LEI in the third quarter. An uptick …

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

Central Minnesota Economic and Business Conditions Report

The Central Minnesota planning area is expected to experience economic growth that is slightly weaker than normal over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index fell by 2.41 points in the most recent period, with two components producing negative readings. Weaker new filings for business incorporation along with slowing residential building permits in the St. Cloud area helped tip the index down this quarter. Improvements in a general measure of statewide business conditions and a decrease in initial jobless claims in Central Minnesota had a positive impact …

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

Central Minnesota Economic and Business Conditions Report

Economic conditions in the Central Minnesota planning area are expected to improve over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index surged in the most recent period, with four components producing positive readings. Weakness in national new orders for durable goods was the only index component that registered a negative number. Improvements in a general measure of statewide business conditions and a decrease in initial jobless claims in Central Minnesota helped drive the LEI higher in the first quarter. Also contributing to the improved outlook was a rise …

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

Central Minnesota Economic and Business Conditions Report

Slower economic growth in the Central Minnesota planning area is expected to persist over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). For the second consecutive quarter, the leading index fell in the most recent period, with three components becoming negative. Weakness in a general measure of statewide business conditions and an increase in seasonally adjusted initial jobless claims in Central Minnesota helped drag the LEI lower in the fourth quarter. Also contributing to slower growth was a fall in the number of St. Cloud area residential building permits.

Increased new …

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

Central Minnesota Economic and Business Conditions Report

Mixed signals of the future economic health of the Central Minnesota planning area have emerged as predictions of the Central Minnesota Index of Leading Economic Indicators (LEI) have weakened in the past quarter. After seeing gains in four of the five components of the LEI in the second quarter, the leading index has now turned down, with three components becoming negative. One negative compononet of the LEI is St. Cloud area residential building permits. Also dragging down this quarter’s index is a general measure of state business conditions and weaker new filings of incorporation in Central Minnesota. Improved initial jobless …

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

Central Minnesota Economic and Business Conditions Report

Moderate economic growth in the Central Minnesota planning area is projected over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). After experiencing some weakness in the first part of the year, four of the five components of the LEI turned positive in the second quarter. The only negative component of the LEI is St. Cloud area residential building permits, which appear to have been underreported on the Bureau of the Census website over the past several months. Consequently, the Central Minnesota outlook is stronger than a pure reading of the LEI …

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

Central Minnesota Economic and Business Conditions Report

Central Minnesota business conditions are expected to soften over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI turned negative in the first quarter with recent weakness in the St.Cloud area building permits driving the projected softening of the regional economy. Also causing a drag on the LEI is recent weakness in a general measure of state business conditions, higher initial jobless claims, and lower new business filing for incorporation at the end of last year. A fifth indicator--national durable goods orders--were largely neutral …

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

Central Minnesota Economic and Business Conditions Report

Central Minnesota business conditions should remain strong through the first several months of 2015 according to predictions of the Central Minnesota Leading Economic Indicators Index. While three components of the index declined over the last three months of 2014, a strong reading on residential building permits helped propel the index to a 7.90 point gain in the last quarter of 2014. The index was 41 percent higher than one year earlier. A rise in national durable goods orders also contributed favorably to the outlook, while recent weakness in a general measure of state business conditions and a rise in jobless …

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

Central Minnesota Economic and Business Conditions Report

Various indicators suggest Central Minnesota business conditions will remain solid over the next several months. While the Central Minnesota Index of Leading Economic Indicators (LEI) declined slightly in the third quarter, the abundance of regional evidence points to continued economic strength. Making positive contributions to the LEI were new filings of incorporation in Central Minnesota, increased residential building permits in St. Cloud, and a rise in national durable goods orders. Recent weakness in a general measure of state business conditions and a rise in jobless claims had a negative effect on the LEI.

There were 1,217 new business filings with …

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

Central Minnesota Economic and Business Conditions Report

Central Minnesota business conditions are expected to improve over the next several months according to the predictions of the St. Cloud State University (SCSU) Central Minnesota Index of Leading Economic Indicators. The leading economic indicator index (LEI) improved in the second quarter as improvements in durable goods orders, additional new business incorporations, and strength in a general measure of state business conditions helped drive the LEI higher. The SCSU Central Minnesota Index of Leading Economic Indicators is now 7.95 percent higher than one year ago.

There were 1,370 new business filings with the Office of the Minnesota Secretary of State …

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

Central Minnesota Economic and Business Conditions Report

Central Minnesota business conditions are expected to improve over the next several months according to the predictions of the St. Cloud State University (SCSU) Central Minnesota Index of Leading Economic Indicators. The leading economic indicator index (LEI) improved in the 2014 first quarter as strong growth in new residential building permits in the St. Cloud Metropolitan Statistical Area (MSA), along with gains in a general measure of state business conditions helped drive the LEI higher. The SCSU Central Minnesota Index of Leading Economic Indicators is now 7.9 percent higher than one year ago.

There were 1,450 new business filings with …