Arizona Business articles from September 1989

Arizona Business archives from September 1989

Arizona's sick economy - a synopsis.
September 1, 1989... By the summer of 1989, the weakness of the Arizona economy had become reasonably well accepted following a long period of denial. The prospect of continued slow growth for perhaps three to five more years was no longer a novel thought, though...

Maricopa County dominates economic activity. (Arizona)
September 1, 1989... Maricopa County's share of Arizona's economic activity is higher in most categories than its share of population. In 1988, 58 percent of the state's residents lived in the Phoenix area, but generally more than 67 percent of Arizona's economic...

Net migration figures still weak in second quarter. (Arizona)
September 1, 1989... Net in-migration to the Phoenix area was approximately 6,000 in second quarter 1989, up a bit from the first quarter estimate of 5,000. However, in six of the nine latest quarters, net in-migration was between 6,000 and 8,000, well below the...

Second quarter home sales, prices up slightly. (Arizona housing market)
September 1, 1989... The Maricopa County residential real estate market is now obviously in a recessionary cycle. However, the current slowdown in construction activity is what the area needs for future strength, given the condition of the economic and real estate...

Service industries expanded rapidly in the 1980s. (Arizona)
September 1, 1989... Arizona's services industry grew quickly between 1982 and 1987 according to the 1987 Census of Service Industries conducted by the U.S. Bureau of the Census. During these five years, receipts of service firms more than doubled, though...

Arizona population will remain primarily white.
September 1, 1989... The proportion of Arizona's population that belongs to a minority group rose only slowly between 1980 and 1985, according to experimental racial population estimates by the U.S. Bureau of the Census. Contrary to statements that Arizona...

Economic growth generally weak in May. (Arizona)
September 1, 1989... Weak economic gains persisted across mOst of Arizona in May, according to the coincident economic indexes. The index for Pima County rose 0.2 percent for the second consecutive month (April's gain was revised down), with the index reaching...

Purchasing indicators barely move in July. (Arizona)
September 1, 1989... The Arizona economy saw only marginal growth in July, matching almost exactly the previous month's anemic performance. While new orders received and employment were only barely positive, production registered a fairly strong increase - the...

Arizona leading index moves higher in June.
September 1, 1989... The Arizona Index of Leading Economic Indicators increased in June to 117.5. The June number was .5 percent higher than the 116.9 number for May 1989 and 2.4 percent below the June 1988 number of 120.4 (1982 = 100). Residential building...