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Southeast Minnesota Economic and Business Conditions Report

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Southeast Minnesota Economic And Business Conditions Report Fourth Quarter 2018, King Banaian, Richard Macdonald Jun 2019

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

Southeast Minnesota Economic and Business Conditions Report

A slowing of economic growth over the next several months is expected in the Southeast Minnesota planning area according to the prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). The leading index fell by 9.81 points in the fourth quarter as all five index components recorded negative values. A decrease in the number of Rochester area residential building permits, a weakening in consumer sentiment, lower new filings of incorporation and LLC, and a decline in the Minnesota Business Conditions Index all helped drive the LEI lower in the fourth quarter. The LEI is now essentially unchanged from …


Southeast Minnesota Economic And Business Conditions Report Third Quarter 2018, King Banaian, Richard Macdonald Jun 2019

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

Southeast Minnesota Economic and Business Conditions Report

Solid economic growth over the next several months is expected in the Southeast Minnesota planning area according to the prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). The leading index rose by 3.33 points in the third quarter as four index components recorded positive values. An increase in the number of Rochester area residential building permits and fewer initial jobless claims helped drive the LEI higher in the third quarter. In addition, an improvement in consumer sentiment and an increase in new filings of incorporation and LLC also made a favorable impact on the leading index. The …


Southeast Minnesota Economic And Business Conditions Report Second Quarter 2018, King Banaian, Richard Macdonald Feb 2019

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

Southeast Minnesota Economic and Business Conditions Report

Steady economic growth over the next several months is expected in the Southeast Minnesota planning area according to the prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI rose 1.87 points, the leading index rose by 0.77 points in the second quarter as two index components recorded positive values. An increase in the number of Rochester area residential building permits and fewer initial jobless claims helped drive the LEI higher in the second quarter. A decrease in the Minnesota Business Conditions Index and a weakening in consumer sentiment were two components …


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

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

Southeast Minnesota Economic and Business Conditions Report

Steady economic growth over the next several months is expected in the Southeast Minnesota planning area according to the prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After two consecutive quarterly declines in the LEI, the fourth quarter leading index rose by 1.18 points as two index components recorded positive values. Increased new filings of incorporation and LLC in the Southeast Minnesota planning area and an improvement in consumer sentiment helped lift this quarter’s LEI. A lower number of residential building permits in the Rochester area and a decline in the Minnesota Business Conditions Index (which serves …


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

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

Southeast Minnesota Economic and Business Conditions Report

Steady economic growth over the next several months is expected in the Southeast Minnesota planning area according to the prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI was largely unchanged, the first quarter leading index rose by 0.77 points as three index components recorded positive values. Increased new filings of incorporation and LLC in the Southeast Minnesota planning area, a rise in the Minnesota Business Conditions Index, and an improvement in consumer sentiment helped lift this quarter’s LEI. A lower number of residential building permits in the Rochester area and …


Southeast Minnesota Economic And Business Conditions Report Third Quarter 2017, King Banaian, Richard A. Macdonald Jan 2018

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

Southeast Minnesota Economic and Business Conditions Report

Despite a decline in the Southeast Minnesota Index of Leading Economic Indicators (LEI), strong economic fundamentals are expected to continue to drive positive economic performance in the southeast portion of the state over the next several months. After a quarter in which the LEI fell by 1.25 points, the third quarter leading index contracted by 8.11 points as several index components recorded negative values. A rise in initial claims for unemployment benefits, a smaller number of residential building permits in Rochester, decreased new filings of incorporation and LLC in the Southeast Minnesota planning area, and a decline in the Minnesota …


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

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

Southeast Minnesota Economic and Business Conditions Report

Steady economic growth in Southeast Minnesota is expected to continue over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a revised 11.83 point increase, the Southeast Minnesota leading index paused, falling 1.01 points in the second quarter of 2017. Four components of the LEI had negative readings in the second quarter. A rise in initial claims for unemployment benefits, a smaller number of residential building permits in Rochester, decreased new filings of incorporation and LLC in the Southeast Minnesota planning …


Southeast Minnesota Economic And Business Conditions Report - Spring Quarter 2017, Richard A. Macdonald, King Banaian Jul 2017

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

Southeast Minnesota Economic and Business Conditions Report

Strong economic growth in Southeast Minnesota is expected to continue over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a 4.04 point increase, the Southeast Minnesota leading index surged by 12.76 points in the first quarter of 2017. Four components of the LEI had positive readings in the first quarter. A decrease in initial claims for unemployment benefits, improvement in the Minnesota Business Conditions Index (which serves as a general measure of state business conditions), a larger number of residential …


Southeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2016, Richard A. Macdonald, King Banaian Mar 2017

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

Southeast Minnesota Economic and Business Conditions Report

Continued strong economic growth in Southeast Minnesota is expected over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a 2.34 point increase, the Southeast Minnesota leading index rose another 4.04 points in the fourth quarter of 2016. Three components of the LEI had positive readings in the current quarter. A decrease in initial claims for unemployment benefits, improvement in the Minnesota Business Conditions Index (which serves as a general measure of state business conditions) and stronger consumer sentiment helped lift …


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

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

Southeast Minnesota Economic and Business Conditions Report

Acceleration of economic growth in Southeast Minnesota is expected over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a 3.18 point decline, the Southeast Minnesota leading index reversed course by rising 2.34 points in the third quarter of 2016. The increased LEI was led by a rise in the number of residential building permits in Rochester as well as higher new filings of incorporation and LLC in the Southeast Minnesota planning area. Three components of the LEI had negative readings …


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

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

Southeast Minnesota Economic and Business Conditions Report

Economic growth in Southeast Minnesota is expected to be steady over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a small decline, the Southeast Minnesota leading index fell by 3.18 points in the second quarter of 2016. The fall in the LEI was caused by a sharp rise in initial claims for unemployment benefits in recent months—the other four index components have positive readings. Improvement in the Minnesota Business Conditions Index (which serves as a general measure of state business …


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

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota economic performance is expected to remain steady over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a small gain, the Southeast Minnesota leading index once again tallied a small increase by rising 0.6 points in the first quarter of 2016. Three of the five index components were positive in the most recent quarter. Improvement in the Minnesota Business Conditions Index (which serves as a general measure of state business conditions), falling quarterly claims for unemployment benefits, and an …


Southeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2015, Richard A. Macdonald, King Banaian Mar 2016

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota economic performance is expected to remain steady over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI fell by 11.23 points, the Southeast Minnesota leading index increased by 0.8 points in the fourth quarter of 2015. Three of the five index components were negative in the most recent quarter. Weakness in the Minnesota Business Conditions Index (which serves as a general measure of state business conditions), rising quarterly claims for unemployment benefits, and a decline in new business filings for …


Southeast Minnesota Economic And Business Conditions Report - Third Quarter 2015, Richard A. Macdonald, King Banaian Jan 2016

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota business conditions are expected to soften over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI expanded by 10.82 points, this quarter’s leading index fell by 11.23 points as four of five index components turned negative. The LEI is now 10.2 percent lower than it was last year at this time. A fall in quarterly residential building permits in the Rochester area, a recent decline in consumer sentiment, weakness in the Minnesota Business Conditions Index (which serves as a general …


Southeast Minnesota Economic And Business Conditions Reports - Second Quarter 2015, Richard A. Macdonald, King Banaian Sep 2015

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota business conditions are expected to improve over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). All five LEI components were positive in the second quarter of 2015 as the index rose 9.88 points after recording a negative reading in this year’s first quarter. However, the LEI is still 4.8 percent lower than one year ago. A reduction in Southeast Minnesota initial jobless claims, recent improvement in the Minnesota Business Conditions Index (which serves as a general measure of state business conditions), higher new business filings, a …


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

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

Southeast Minnesota Economic and Business Conditions Report

No abstract provided.


Southeast Minnesota Economic And Business Conditions Report - Fourth Quarter 2014, King Banaian, Richard A. Macdonald Jun 2015

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota business conditions are expected to improve over the first several months of 2015 according to a variety of economic indicators. Driven by improvements in consumer sentiment and an increase in Rochester area residential building permits, the Southeast Minnesota Index of Leading Economic Indicators (LEI) increased by 3.49 points in the fourth quarter of 2014. The LEI is now 7.3 percent above its December 2013 value. A decline in new filings for business incorporation and limited liability company (LLC) combined with increased initial jobless claims earlier in 2014 were negative factors in the December 2014 LEI. A fall in …


Southeast Minnesota Economic And Business Conditions Report - Third Quarter 2014, Richard A. Macdonald, King Banaian Jan 2015

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota business conditions are expected to remain steady over the next several months according to a variety of economic indicators. Despite a small decline in the Southeast Minnesota Index of Leading Economic Indicators (LEI) in the third quarter, the level of the LEI is well above its 2013 value. Improvements in consumer sentiment and lower initial jobless claims had a positive impact on this quarter’s LEI, while a slowing of the growth of new filings for business incorporation and limited liability company (LLC), a fall in the Minnesota Business Conditions index, and declining Rochester metropolitan area residential building permits …


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

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota business conditions are expected to remain strong over the next several months according to the predictions of the St. Cloud State University (SCSU) Southeast Minnesota Index of Leading Economic Indicators (LEI). Improvements in consumer sentiment, an increase in new filings for business incorporation and limited liability company (LLC), a rise in the Minnesota Business Conditions index, and increasing Rochester metropolitan area residential building permits all helped lift the second quarter LEI by 5.42 points. The only component of the LEI that served as a drag on the leading index was initial jobless claims. The Southeast Minnesota Index is …


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

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

Southeast Minnesota Economic and Business Conditions Report

Southeast Minnesota business conditions are expected to remain strong over the next several months according to the predictions of the St. Cloud State University (SCSU) Southeast Minnesota Index of Leading Economic Indicators. While an uptick in initial jobless claims helped push the leading economic indicator index (LEI) lower last quarter, overall business conditions remain steady in the southeast portion of the state. Strong gains in new residential building permits in the Rochester Metropolitan Statistical Area (MSA), along with growth in a general measure of state business conditions contributed favorably to the LEI. The Southeast Minnesota Index is now 16.1 percent …