Capital Region Economic Scorecards

CEG’s Capital Region Economic Scorecards are a quarterly feature of the organization’s newsletter, The CEG Indicator, and are offered exclusively to our investors. These scorecards track 30 mostly local economic indicators to provide our investors with insights into the health of the region’s economy and the direction in which it is headed. There are five scorecards: Quarterly Performance Overview; Economic Conditions, Manufacturing, Consumer and Transportation. Click to access the Economic Scorecards for Q3.

 


 

Performance Overview: This scorecard provides a tally of the positive, negative and unchanged indicator trends from the four other scorecards. Indicator performance is measured on a year-to-date (YTD) basis. Q3 2019 update: The region’s total number of positive-trending indicators declined by two to 19, when compared to the previous quarter. The lower score was caused by declines in manufacturing employment and CDTA ridership. Of note: the region’s unemployment rate in August rose for the first time this year and other indicators, such as labor force, started to trend negative in the summer.


 

Economic Conditions Scorecard: This scorecard tracks eight indicators to help gauge the overall health of the Capital Region’s economy. Tracked indicators include unemployment rate, unemployed workers, unemployment insurance claims, private sector employment and establishments, labor force, rental vacancy rate and Linium Recruiting’s Linium Hiring Index.

 

Q3 2019 update: The scorecard matched the previous quarter’s record performance of showing across-the-board positive-trending indicators. However... Access Scorecard & Analysis

 

Manufacturing Scorecard: This scorecard tracks eight indicators to assess the strength of the region’s manufacturing sector. Tracked indicators include manufacturers’ assessments of future business and employment conditions, New York manufacturing GDP, manufacturing employment, average wages and establishments, the average weekly hours of manufacturing employees and the manufacturing producer price index.

Q3 2019 update: New York manufacturers’ negative outlook for business conditions is now starting to show in the employment totals. The number of manufacturing employees contracted for a second consecutive quarter. The number of manufacturing establishments in the region fell... Access Scorecard & Analysis

 

 

Consumer Scorecard: This scorecard tracks seven indicators to assess local consumers’ willingness and ability to spend. Tracked indicators include retail trade employment and establishments, all industries total wages, sales tax collections, consumer sentiment, closed residential sales and median home prices.

Q3 2019 update: This scorecard’s performance was unchanged from the previous quarter. The brightest indicator was a ... Access Scorecard & Analysis

 

 

Transportation Scorecard: This scorecard tracks seven indicators to monitor passenger and commercial traffic at or along the region’s highways, airport, seaports and rail infrastructure. Tracked indicators include transportation and warehousing jobs, Capital District Transportation Authority (CDTA) and Amtrak ridership, Albany international Airport passengers, vessel imports and exports, and commercial traffic at the region’s New York Thruway tolls (I-90, Exits 21-26).

 

Q3 2019 update: This scorecard continued to show strength, though a small decline in CDTA ridership brought... Access Scorecard & Analysis

 


For more information, contact CEG Director of Research and Communications James Schlett at jamess@ceg.org. Don’t miss these insights into the trends that are shaping the Capital Region’s economy.

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