2019 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 2018 2019 Jan 342 278 Feb 470 310 Mar 321 491 Apr 290 721 May 383 341 Jun 413 336 Jul 494 435 Aug 349 376 Sep 269 478 Oct 439 1,136 Nov 354 561 Dec 525 44

Connecticut Exports 2018 2019 1,135 1,534 1,063 1,355 1,538 1,488 1,490 1,368 1,643 1,293 1,568 1,387 1,279 1,130 1,594 1,229 1,496 1,392 1,702 1,281 1,448 1,352 1,439

Gaming Slots 2018 2019 984 880 1,019 947 1,198 1,117 1,129 996 1,098 1,056 1,111 1,003 1,198 1,049 1,154 1,103 1,055 984 983 958 1,009 996 1,105 953

Major Attraction Visitors 2018 2019 2,461 2,722 3,402 5,192 5,554 7,201

Air Passenger Count 2018 2019 4,692 5,375 4,647 4,689 5,484 5,808 5,796 6,121 5,766 6,123 5,695 5,823 6,210 6,031 6,346 6,066 5,130 5,204 5,839 5,828 5,682 5,436 5,375 5,648

CT Manu. Prod. Index 2018 2019 85.4 95.9 94.2 90.7 91.0 95.4 90.1 92.0 111.3 96.3 84.1 94.5 98.9 105.1 107.0 99.1 97.8 96.8 99.2 96.8 95.2 96.5 91.8 91.3

Avg Manu. Weekly Hours 2018 2019 40.3 42.5 40.9 41.5 39.7 41.7 40.8 42.8 41.0 42.5 40.5 42.6 41.2 42.0 40.9 41.6 41.6 41.9 42.2 42.4 42.3 42.4 43.9 43.0

2019 Business Scorecard Totals  [(Up/Total)-(Down/Total)]x100=Net% Total Up Down NC Net %  6 4 2 0 +33%  6 3 3 0 0%  6 4 2 0 +33%  6 4 2 0 +33%  6 2 4 0 -33%  6 3 3 0 0%  6 2 4 0 -33%  6 2 4 0 -33%  6 2 4 0 -33%  6 2 4 0 -33%  6 2 4 0 -33%  5 1 4 0 -60%

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