Des Moines Business Record’s Post

Continued job growth and broad gains in sales tax revenue indicate resilient and healthy economies in Arkansas’ four top metro areas, according to the second quarter of 2023 The Compass Report. The report also shows “modest” growth in the U.S. economy. #economicgrowth #northwestarkansas

🌟 According to the latest report from the Florida Chamber of Commerce, Floridians' outlook on the economy has hit its highest level in the past two years! 📈 This positive trend reflects a growing confidence in Florida's economic future. Consumer sentiment, a key indicator of economic health, rose to 72.8 in January, marking a significant increase of 3.3 points over the month and 7.5 points over the year. This optimistic outlook is a promising sign for the state's economic growth. Here's a breakdown of the key findings: 1️⃣ Floridians are feeling more confident about their personal financial situation one year from now, indicating a willingness to spend. 2️⃣ Expectations for national economic conditions over the next year and the next five years have improved significantly, suggesting a shift towards potential growth in 2024. 3️⃣ The sentiment regarding the purchase of major household items is at its highest point in the past year, indicating increased consumer confidence. Looking ahead, the Florida Chamber Foundation forecasts a 7 percent increase in Florida's GDP for 2024, signaling continued economic growth and stability for the state. To read more, click on the source: https://loom.ly/smw3aqk 💼💪 #FloridaEconomy #ConsumerSentiment #EconomicOutlook

According to the latest Beige Book, economic activity in the 12th District softened modestly. Labor availability improved and overall labor market conditions eased moderately. For more on prices, real estate, retail, and other economic conditions, visit: https://bit.ly/3D9kSh9 #BeigeBook #Prices #RealEstate #Retail #Labor

We've had good presidents, bad presidents, good Congresses, bad Congresses, high taxes, low taxes, and Republicans and Democrats over my lifetime, and the one [constant] thing is that the U.S. economy grows,” he said. “We don't grow every minute, but we grow, and real estate's a long-term asset, and I'm going to bet on that growth. -Peter Linneman #cre #commercialrealestate #office #economy

On another big day for us policy nerds, our latest Quarterly Economic Survey results are in. So fresh from today’s stable(ish) inflation figures and the first King’s Speech for the new #Labour government, the big message from Norfolk businesses is: -Confidence among Norfolk businesses about the state of the economy lags behind other areas -Hospitality and tourism sectors are seeing much more stubborn difficulty in trading conditions -Skills and training remains a top priority -Positivity is slowly growing about inflation and interest rates. Hopefully the Bank of England MPC will start to drip feed some rate cuts, starting next week. And longer term we need that devolution deal over the line, greater investment in Norfolk infrastructure and unlocking development in the right places for businesses to grow. #QuarterlyEconomicSurvey #Economy #KingsSpeech #ChambersOfCommerce #Policy British Chambers of Commerce #ChambersEast #QES

"In a graphic posted on X, economist Joseph Politano showed Indianapolis outperforming peer cities including St. Louis and Cincinnati, as well as larger metropolitan areas like Minneapolis-St. Paul and Chicago. Using data from the U.S. Bureau of Economic Analysis, Politano found that the Indianapolis metro’s GDP grew by $12.1 billion, or 8.4%, during that period. The calculation was made using chained 2017 dollars, a measure which calculates “as if everything is at 2017 prices” in order to adjust for inflation, Politano told IBJ. The post garnered attention from local officials and celebrities, from Indianapolis Mayor Joe Hogsett to Indianapolis-based author John Green. By midday Thursday, it had been viewed by nearly 370,000 users. Where other Midwestern metros had modest GDP increases, Indianapolis was an outlier. “[Indianapolis] was like a bright spot in what is otherwise like a pretty gloomy recovery for the Midwest as a whole,” said Politano, who was a financial management analyst at the Bureau of Labor Statistics before starting his Apricitas Economics newsletter. The GDP increase in Indianapolis was mostly stirred by white collar jobs, followed by construction. These industries have increased hiring over the past few years, Politano said, but both have slowed down. The Indianapolis metropolitan area includes suburbs. But, Politano said the bulk of the area’s GDP growth came from its core, with roughly two-thirds from Marion County. Local business leaders told IBJ the data is a credit to Indianapolis’ competitiveness among its peers." https://lnkd.in/eGJAFwwx

These increases in confidence came despite the Massachusetts economy slowing from a 4.9% annual growth rate in the third quarter to 1.2% in the fourth quarter. https://lnkd.in/e5J9KqyW

Where is our economy headed in 2024? For strategic planning advice, join Dean Ash Soni and the Kelley School Futurecast Panel (including me) for breakfast downtown on Wednesday, November 1 at the Indianapolis Artsgarden (panel is at 9:00am). Click below to register. The U.S. economy is more resilient in 2023 than economists ever expected. The Atlanta Fed’s GDPNow forecast suggests real GDP grew at an annual rate of 4.9% in the third quarter. Strong demand makes it harder to reduce inflation, which makes it less likely that interest rates will fall. According to the CME Group’s FedWatch Tool, the probability of reduced interest rates does not exceed 50% until the Fed’s July 31, 2024 meeting. Cutbacks in oil production by Saudi Arabia and Russia place unwanted upward pressure on inflation. The Indianapolis region continues to fall behind. In the past year, average hourly earnings increased 4.3% in the U.S. but only 2.1% in metropolitan Indianapolis. The Kelley School’s recent study “Making the Indianapolis Workforce More Competitive” found that per capita real GDP in metropolitan Indianapolis grew only 1% between 2007 and 2021. It grew 14% in the U.S. over the same period. The Kelley School of Business is here to help you plan for 2024. Please join us November 1 for insights on where the U.S., Indiana, and Indianapolis economies are headed in the next year.  https://lnkd.in/g3pawG5u

Victoria noted as the best performing economy in CommSec’s latest State of the States Report and if you're reading all my posts you will know that this is just the begging for Victoria 🔥🔥🔥   The CommSec State of the States report is a quarterly ranking of performance using the latest available information to provide an economic snapshot of each state and territory by comparing eight key indicators: economic growth, retail spending, equipment investment, unemployment, construction, population growth, housing finance and dwelling commencements.   For the first time in over a year, Victoria is the country’s best performing economy according to the latest CommSec State of the States report.   There was little to separate the six state and territory economies in the latest survey but Victoria has surprised and is now leading the nation, jumping from fifth to first position. Victoria was consistently firm across all the indicators.   Strong economic activity, solid retail spending and business investment has catapulted Victoria from sixth place in the previous July 2023 survey to the number one spot this quarter, with the state also recording its highest population growth in almost seven years.   South Australia is now ranked second, trading places with NSW in third position. Queensland remains fourth, Western Australia remains fifth ahead of Tasmania in sixth place. And the ACT is seventh, ahead of the Northern Territory.   If we focus just on annual growth rates, the top of the leader-board changed markedly. Western Australia has the strongest economic momentum which means WA has the potential to rise up the economic performance rankings over the next few years.   For more information and to view the report head over to CommSec's Newsroom on the CommBank Website.

⭐The latest British Chambers of Commerce Quarterly Economic Survey is out.⭐ The key takeaways from the report are: 📉 No overall improvement in business conditions in Q1 2024 as measured by investment, sales and cashflow. 📈Levels of business confidence remain unchanged, with 56% of UK businesses expecting an increase in turnover in the next twelve months. 📈 Almost half of firms are expecting the price of their goods or services to rise. 📉Interest rates continue to slowly decline as a concern for businesses. Our Chief Executive, Ross McNally remains positive for the economic outlook for Hampshire: "There are growing green shoots of confidence across several business sectors, but the economy is not yet on a sure footing. Business investment is not coming through sufficiently to say we have turned the corner. It is good to see manufacturing boosting its workload and backing this up with new investment, but hospitality and retail remains in the doldrums. The Chamber is engaging businesses across many sectors all over the County and we are hearing many positives in stories of successful innovation, winning of new trade, and boosting of exports. We look forward to the positive impact this will have on the economy when this translates into longer term confidence and investment decisions.” For the full story and link to the QES info sheet see our website 👉https://buff.ly/441IYHn Peter Taylor