2016 Business Sector Economic Scorecard - State of Connecticut Seasonally Adjusted / Not Seasonally Adjusted Last Updated: February 19, 2020

The health of the business sector will affect, among other things, the ability of firms to hire workers and, particularly in regard to businesses selling their goods and services outside the State, the ability to increase the State’s income through exports. There are several indicators that provide a picture of the business sector's vital signs. The levels, changes from the previous period, and year-to-year changes, of  Housing Permits #1 give not only a reading of the State’s construction sector, but also of the financial sector, particularly in terms of mortgage-lending activity, and ultimately, consumer spending on durable goods and services related to the purchase of a new house. Air Cargo Tons #2 (Discontinued Sept 2014) and the value of Exports #3 (collected quarterly pre-2004) gauges the ability of businesses to compete in the world market. Connecticut Manufacturing Production Index (CMPI) #7 and Average Manufacturing Weekly Hours (AMWH) #8 provide a measure of the State’s manufacturing activity, while the strength of the entertainment and tourism sectors is reflected in the Gaming Slots Revenues #4, Visitors to Major Attractions #5, and Air Passenger Counts #6.

Housing Permits Month 2015 2016 Jan 264 154 Feb 125 421 Mar 492 576 Apr 424 380 May 776 368 Jun 571 504 Jul 696 285 Aug 304 357 Sep 512 631 Oct 674 524 Nov 533 245 Dec 509 226

Connecticut Exports 2015 2016 1,287 1,109 1,271 1,278 1,377 1,390 1,358 1,226 1,372 1,186 1,371 1,194 1,184 1,037 1,023 1,135 1,121 1,136 1,408 1,264 1,252 1,062 1,212 1,371

Gaming Slots 2015 2016 962 1,050 891 1,029 1,119 1,078 1,070 1,116 1,153 1,111 1,065 1,005 1,185 1,231 1,170 1,137 1,040 1,072 1,062 1,089 1,045 1,023 1,072 1,084

Major Attraction Visitors 2015 2016 610 3,060 574 2,964 856 3,989 4,910 5,058 1,572 5,309 1,911 7,541 9,923 9,338 1,000 9,383 5,757 5,126 5,970 6,205 4,094 3,955 5,253 4,638

Air Passenger Count 2015 2016 4,257 4,344 4,001 4,255 5,194 4,915 5,266 5,317 5,428 5,397 5,081 5,207 5,342 5,402 5,210 5,332 4,571 4,754 5,185 5,397 4,997 5,278 4,800 5,005

CT Manu. Prod. Index 2015 2016 103.4 100.5 102.2 97.1 106.1 99.6 105.3 99.5 96.7 98.4 116.5 104.2 115.2 104.2 117.4 109.6 114.0 108.4 111.4 99.6 103.1 101.2 105.1 99.0

Avg Manu. Weekly Hours 2015 2016 40.5 41.6 40.2 41.5 40.7 42.0 40.2 41.9 39.7 42.9 39.6 42.9 39.4 43.2 40.5 42.2 40.1 42.9 40.7 43.4 42.2 43.0 42.4 43.5

2016 Business Scorecard Totals  [(Up/Total)-(Down/Total)]x100=Net% Total Up Down NC Net %  7 4 3 0 +14%  7 6 1 0 +71%  7 4 3 0 +14%  7 4 3 0 +14%  7 3 4 0 -14%  7 3 4 0 -14%  7 3 4 0 -14%  7 4 3 0 +14%  7 5 2 0 +43%  7 4 3 0 +14%  7 2 5 0 -43%  7 4 3 0 +14%

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