Arizona Business articles from June 1990

Arizona Business archives from June 1990

Arizona GSP grew just over 3 percent in 1989. (gross state product)
June 1, 1990... The Arizona Gross State Product (GSP) expanded 3.1 percent in 1989 on an inflation-adjusted basis, a rate slightly higher than the 2.7 percent gain in wage and salary employment. These preliminary figures indicate that economic growth in 1989...

Home sales continue to decline in 1st quarter. (Phoenix metropolitan area)
June 1, 1990... Fewer homes were sold in Maricopa County during first quarter 1990 than in any quarter since the 1982 recession. Resale townhouses/condominiums was the only category to show improvement over the last few quarters. The median price of aU homes...

First quarter resale housing affordability is highest ever. (Phoenix metropolitan area)
June 1, 1990... The real estate market slump in the Phoenix area has provided homebuyers with a bonanza in terms of home affordability. Lower resale single-family home prices more than offset higher interest rates, resulting in an affordability index tied with...

Population gains versus construction imbalances. (population growth compared to new housing construction)
June 1, 1990... The ratio of population increases to residential building permits has varied considerably among the western states during the 1980s, showing that some areas were weak at some times due to overbuilding, while others remained strong (see Table...

Changes in industrial mix match national trends. (Arizona)
June 1, 1990... The composition of Arizona's economy is much like that of the nation as a whole, but it even more closely resembles the average of the western states. Changes in the industrial mix also are largely following national patterns. This article...

Net migration still low in first quarter. (Arizona)
June 1, 1990... Net in-migration to the Phoenix metropolitan area dipped to approximately 4,000 during first quarter 1990, matching the lowest level of both the current downcycle and the early 1980s recession (see Figure 1). Lower levels occurred briefly in...

Arizona still among the fastest-growing states.
June 1, 1990... Population estimates by state for midyear 1989 were recently released by the U.S. Bureau of the Census. Their estimate of 3,556,000 for Arizona was slightly less than the Center for Business Research's figure of 3,575,000 and considerably less...

Employment growth slowed in March. (Arizona)
June 1, 1990... March was not a strong month for the Arizona economy. Year-over-year employment growth rates across the state slipped below the levels posted during the first two months of the year, due to slower growth in trade and services. The trade...

Purchasing indicators point to continuing growth. (Arizona)
June 1, 1990... The Arizona economy continues to follow an accelerating growth curve, according to the monthly survey of Arizona purchasing managers conducted by the Center for Advanced Purchasing Studies at Arizona State University. All indicators were...

March leading index regains ground lost in February. (Arizona index of leading economic indicators)
June 1, 1990... The Arizona Index of Leading Economic Indicators increased in March to 118.0. The March number was .4 percent higher than the revised 117.5 number for February 1990 and.9 percent below the March 1989 number of 119.1 (1982 = 100). Sensitive...