2018 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 2017 2018 Jan 317 342 Feb 175 470 Mar 398 321 Apr 253 290 May 402 383 Jun 360 413 Jul 430 494 Aug 489 349 Sep 434 269 Oct 561 439 Nov 369 354 Dec 299 525

Connecticut Exports 2017 2018 981 1,135 968 1,063 1,437 1,538 1,141 1,490 1,055 1,643 1,207 1,568 1,297 1,279 1,336 1,594 1,446 1,496 1,395 1,702 1,183 1,448 1,340 1,439

Gaming Slots 2017 2018 1,029 984 1,018 1,019 1,138 1,198 1,153 1,129 1,124 1,098 1,088 1,111 1,239 1,198 1,160 1,154 1,151 1,055 1,072 983 1,061 1,009 1,110 1,105

Major Attraction Visitors 2017 2018 2,599 2,461 2,884 2,722 2,937 3,402 4,979 5,192 5,154 5,554 7,123 7,201 8,914 9,601 6,173 5,809 3,859 4,675

Air Passenger Count 2017 2018 4,610 4,692 4,374 4,647 5,297 5,484 5,531 5,796 5,717 5,766 5,653 5,695 5,910 6,210 5,975 6,346 4,846 5,130 5,722 5,839 5,453 5,682 5,269 5,375

CT Manu. Prod. Index 2017 2018 93.5 85.4 91.4 94.2 92.1 91.0 93.5 90.1 93.9 111.3 102.0 84.1 100.1 98.9 110.4 107.0 103.0 97.8 99.9 99.2 100.4 95.2 94.1 91.8

Avg Manu. Weekly Hours 2017 2018 42.1 40.3 41.0 40.9 40.8 39.7 40.7 40.8 41.8 41.0 42.1 40.5 41.6 41.2 41.8 40.9 41.7 41.6 41.7 42.2 41.4 42.3 42.1 43.9

2018 Business Scorecard Totals  [(Up/Total)-(Down/Total)]x100=Net% Total Up Down NC Net %  7 3 4 0 -14%  7 5 2 0 +43%  7 4 3 0 +14%  7 4 3 0 +14%  7 4 3 0 +14%  7 5 2 0 +43%  6 2 4 0 -33%  6 2 4 0 -33%  6 2 4 0 -33%  6 3 3 0 0%  6 3 3 0 0%  6 4 2 0 +33%

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