Arizona Business articles from June 1994

Arizona Business archives from June 1994

Metro area home sales still on track in 1st quarter '94.
June 1, 1994... Affordability indexes dip slightly Like Old Man River, the Phoenix metropolitan housing market has just kept rollin' along. Over the last few years, falling interest rates created a raging force within the controlling banks of the limited...

Travel expenditures above average in Arizona.
June 1, 1994... Spending by travelers approached $4.9 billion in Arizona in 1991, ranking the state 20th among the 50 states and District of Columbia. On a per capita basis, adjusting for the population of each state, travel expenditures in Arizona tied for...

Census Bureau population projections for AZ flawed. (Arizona)
June 1, 1994... Recently released state-level population projections made by the U.S. Bureau of the Census should be used with extreme caution. In many states, including Arizona, the projected population change over the next 25 years is substantively different...

San Diego and Phoenix have economic similarities.
June 1, 1994... An analysis of 1990 census data reported in the February 1993 issue showed that the Phoenix and San Diego urban areas were highly similar in terms of the demographic and socio-economic characteristics of their populations. The economic comparison...

Metro Phoenix one of the nation's high-tech centers.
June 1, 1994... The term "Silicon Desert" is appropriate for the Phoenix area, but a big difference exists between the Silicon Desert and the "Silicon Valley" (San Jose area in California). This conclusion results from an analysis of high-technology activities...

Federal expenditures in Arizona jumped in 1993.
June 1, 1994... Federal funds distributed in Arizona in fiscal year 1993 totaled $18.4 billion, an inflation-adjusted boost of 8.1 percent from the previous year. This was the largest annual increase since the mid-1980s and was well in excess of the national...

Long-term interest rates relatively high.
June 1, 1994... Following interest rate rises of more than 1 percentage point between early February and mid-May, short-term interest rates had moved back in line with the inflation rate, but long-term rates had shifted to well above their historical...

Economic growth rate accelerated a little in 1993.
June 1, 1994... Economic growth accelerated in Arizona and the United States in 1993, though generally by modest amounts. Gains in personal income--a measure of overall growth--reached about 5 percent in Arizona (after adjusting for inflation) at the end of...

Population growth quickened in first quarter 1994. (Brief Article)
June 1, 1994... Net in-migration to the Phoenix area during first quarter 1994 was approximately 11,000, up from 9,000 in the previous quarter. Net in-migration exceeded the long-term average of 10,500 for the first time in seven years. During most of the late...

Arizona leading index regains momentum in March. (Brief Article)
June 1, 1994... The Arizona Index of Leading Economic Indicators rose in March to 98.6. The number was 0.2 percent above the 98.4 number for February 1994 and 1.7 percent above the March 1993 number of 97.0 (1987=100). Sensitive materials prices, new orders,...

Purchasing indicators continue upward trend in April. (Brief Article)
June 1, 1994... The Arizona economy continued to grow at a strong pace in April, matching the previous month's performance, according to indicators derived from the monthly survey of Arizona purchasing managers conducted for the College of Business at Arizona...