The Thurston Economic Development Council announced today the results of its second quarter 2013 Thurston Economic Vitality Index results, with all four of its key indices on the uptick.
The Thurston Consumer Confidence Index surged to 124, reaching its second-highest level since its inception in the first quarter of 2008. The EDC's CEO and Small Business indices enjoyed similar records, with each posting a 66, their highest marks since the first quarter of 2010. The fourth index, which measures five leading indicators in Thurston County on a monthly basis, stands at 96.5, a slight increase from the prior month.
Area experts cited the indices as proof of the county's steady upward climb.
“Thurston County’s second quarter EVI strong results, for both businesses and households, validates strong confidence in our county and its potential for continued growth,” said Dr. Riley Moore, Associate Professor of Economics at St. Martin’s University and developer of the study. “State budgetary issues and national and international events continue to be items to monitor for their potential impact on our region. However, the recent EVI results are likely being driven by positive trends in regional real estate, labor, and business profits as well as increasing consumer confidence and demand in Thurston County.”
A complete copy of the 2nd quarter report can be accessed on the Thurston EDC's website.