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Economics

Northeast Minnesota Economic and Business Conditions Report

2018

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Northeast Minnesota Economic And Business Conditions Report Fourth Quarter 2017, King Banaian, Richard A. Macdonald Apr 2018

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 Mar 2018

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 Jan 2018

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 …