In summary, the second quarter of 2012 resulted in a slight drop for three of the four indices from the record-setting first quarter 2012. Consumers, CEOs and small businesses showed slightly less confidence in the strength of the current economy than in the previous quarter. However, the composite index is up from last quarter, implying that the local economy is moving cautiously forward and upward.
The Economic Vitality Index is designed to monitor past trends and current conditions, providing timely assessment of Thurston County’s economic climate through various assessment tools. The various indicators provide a comprehensive picture of the local economy from both the demand and supply side of the equation, which include:
- Thurston Consumer Confidence Index (TCCI)
- Thurston EDC CEO Index (TCEOI)
- Thurston Small Business Index (TSBI)
- Thurston Leading Economic Indicators Index (TLEII)
The TCCI saw a slight downward tick, from 103 to 100, and the TSBI saw a modest drop of 3 points as well, from 64 to 61. The TCEOI saw an even less significant drop, from 62 to 61.
The TLEII continues to rise and currently stands at 92.0, which is a level last achieved in November 2008. The attached report provides a closer analysis of each of the four indices.
A complete copy of the 2nd quarter report can be accessed on our website.
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The Thurston Economic Development Council is a private non-profit organization focused on creating a vital and sustainable economy throughout Thurston County that supports the livelihood and values of our residents.
