EEC’s Industry Dynamics Reports-Business Activity

This week, we are introducing the Business Activity Index for the Reno MSA.  The full Business Activity Dynamics Report can be found on our website by following the link provided below.  Some of the findings of the index for 3Q 2015 are summarized below:

-Reno MSA Business Activity Index, based on seasonally and inflation adjusted data, increased 1.51% between 2Q and 3Q 2015, totaling 13 straight quarters of growth in business activities in the region.

-Year-over-year, the Index increased 4.65% between 3Q 2014 and 2015.

Clink here for the full copy of the Business Activity Dynamics Report-Reno MSA for January 2016.

EEC’s Industry Dynamics Reports-Construction

In addition to the Leading Economic Index for the overall Reno MSA economy, we are introducing three specialized indices: Construction, Business Activity, and Single-Family Housing.  These are areas that drive the Reno MSA economy and deserve special attention.  These indices, along with a discussion of index trends, will be updated quarterly as part of our Industry Dynamics Reports.

This week, we are introducing the Construction Index for the Reno MSA.  The full Construction Dynamics Report can be found on our website by following the link provided below.  Some of the findings of the index for 3Q 2015 are summarized below:

-Reno MSA Construction Index, based on seasonally and inflation-adjusted data, decreased by 7.63% between the 2Q and 3Q 2015, indicating a decline in construction activities in the region.

-However, year-over-year, the Index grew by 11.99% for 3Q 2014 and 2015.

-Prior to the recent decline, the Index experienced 11-quarters of growth between 3Q 2012 and 1Q 2015.

Clink here for the full copy of the Construction Dynamics Report-Reno MSA for January 2016.

 

Introducing the Reno MSA Leading Economic Index

Economic indicator data published in our previous blogs is useful in understanding changes occurring in each individual area, but do little to provide a picture of the overall economy and its changes over time.  Economic indices, which combine multiple indicators into a single number, can represent either the current state of the economy (coincident index) or future economic changes (leading index), providing a clearer picture of the economy and its trends.

Ekay Economic Consultants, Inc., in cooperation with the Center for Regional Studies at the University of Nevada, Reno, is pleased to announce the release of its Leading Economic Index and Coincident Economic Index for the Reno MSA area.  The indices are referred to as RLI and RCI, respectively.  Latest results of the two indices are summarized below, along with a graph of their historic changes.  For more details about index indicators, values, and methodology, please click here.

-Reno MSA Leading Index (RLI) increased between September and October 2015 (0.48%), indicating expected growth in the regional economy over the next 6-12 months.  This is the 41st consecutive increase in the index since May 2012.

-Reno MSA Coincident Index (RCI) increased between October and November 2015 (0.24%), (most recent data), verifying that the current economy continues to expand.

Index 1-16

Reno MSA Leading Economic Index and Coincident Economic Index