Building and tourism spur quarter of growth for Central Oregon.
BY JACOB PALMER | DIGITAL NEWS EDITOR
Building and tourism spur quarter of growth for Central Oregon.
The area’s economy improving was confirmed by the recent revelations in the Central Oregon Business Index, put together by economist Tim Duy.
The index is based on nine indicators, ranging from the number of building permits filed in Deschutes County to the amount of solid waste collected at the landfill, to produce a view of the region’s economy.
The index, which is measured against a baseline of 100 established in 1998, reached 133.9 during the third quarter, the highest point since the index began in 1997. However, Duy cautioned that it was the direction the individual metrics were trending that mattered most.
(READ MORE: Bend Bulletin)
Central Oregon has been one of the few regions outside of Portland that has mostly recovered from the recession.
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