State of Connecticut Labor Market Information - 2013 Business Sector Scorecard

2013 Business Sector Economic Scorecard - State of Connecticut

Seasonally Adjusted / Not Seasonally Adjusted

Last Updated: May 7, 2013

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 and the value of exports #3 (collected quarterly before 2004) gauges the ability of Connecticut businesses to compete in the world market. The 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, the visitors to major attractions #5, and air passenger counts #6. For charts, trends and data for the eight business economic indicators and historical totals follow the column header links or "trends" buttons.


Housing Permits

Month	2012	2013

Jan	154	263

Feb	410	253

Mar	249	607

Apr	249

May	358

Jun	792

Jul	402

Aug	611

Sep	456

Oct	592

Nov	369

Dec	569


Air Cargo Tons

2012	2013

11,316	12,296

10,720	10,557

12,277	7,102

11,368

12,203

11,865

10,949

12,593

11,484

12,087

12,470

12,214


Connecticut Exports

2012	2013

1,147	1,490

1,227	1,168

1,612

1,304

1,416

1,526

1,182

1,339

1,189

1,193

1,283

1,443


Gaming Slots

2012	2013

1,183	1,077

1,268	1,012

1,348	1,295

1,257

1,260

1,255

1,327

1,279

1,217

1,096

1,113

1,164


Major Attraction Visitors

2012	2013

520	625

996	704

835	989

1,853

1,530

1,723

2,613

2,803

1,099

1,014

833

1,088


Air Passenger Count

2012	2013

3,910	3,852

3,990	3,693

4,711	4,466

4,663

4,800

4,672

4,809

4,816

4,130

4,615

4,517

4,210


CT Manu. Prod. Index

2012	2013

86.4	83.1

86.6	83.8

86.7	85.8

88.3

91.1

94.4

97.6

104.4

92.2

86.2

87.5

85.7


Avg Manu. Weekly Hours

2012	2013

40.1	40.5

40.5	39.7

40.5	41.0

40.5

40.5

40.7

40.4

40.0

39.8

40.1

40.7

41.0


Business Scorecard Totals [(Up/Total)-(Down/Total)]x100=Net%

Total	Up	Down	NC	Net %

8	5	3	0	+25%

8	0	8	0	-100%

7	3	4	0	-14%

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