1. Economic Outlook 2016

    Economic Outlook 2016

    By most accounts, the state’s economy — and area businesses — had a solid 2015. Performance didn’t match pre-recession levels, but it was an improvement over the previous three or four years. The question looming over 2016 is whether that performance can be sustained, and there are enough doubts, or reservations — created by everything from a stronger dollar to still-falling oil prices to uncertainty about who will win the White House next November — to keep confidence in check.

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  1. Categories

    1. Industry Clusters:

      Aerospace/Defense, Business Devlopment, Creative Economy, Education, Energy, Entrepreneurship, Financial Services, Green Region, Health Care, Information Technology, Life Sciences, Logistics, Manufacturing, Medical Devices, Paper Manufacturing, Plastics, Retail, Tourism, Transportation, Workforce
  2. Quotes

    1. For most business owners, their inventory backlog or their job backlog is building, but they don't have the confidence that this will sustain itself in 2016 or 2017.
    2. Businesses are a little apprehensive about continuing to make significant investments in people, technology, and franchise, because they're just unsure about what's going to happen.
    3. I think many of the manufacturers in this region got off to a good start in 2015 and had good backlogs.
    4. We have not seen the surplus from lower gas prices turn into consumer spending — it's going into savings or to reduce debt.
  3. Topics Mentioned

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