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Arizona Leading Index increases in June.(Quarterly Economic Forecast)

Publication: AZB/Arizona Business
Publication Date: 01-AUG-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The Bank One Arizona Index of Leading Economic Indicators rose slightly in June to 124.8, which is 0.2 percent above the previous month's revised 124.5 and 3.4 percent above the June 2003 level of 120.7 (1987 = 100).

The inflation-adjusted value of Maricopa County residential building new...

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...permits, materials inventories, orders and production all were positive influences on the index. Employment from the Business Conditions Survey, hours worked in manufacturing and the inflation-adjusted value of the M2 money supply were negative influences. Sensitive materials prices and delivery times were neutral.

Residential building permits...

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