Indiana Business Review articles from December 2002

Indiana Business Review archives from December 2002

For the record.(Brief Article)
December 22, 2002... According to the Bureau of Labor Statistics, there are one hundred economists in the state of Indiana. A quick perusal of the Economists@Indiana University web page reveals forty-four economists on the Bloomington campus of Indiana University...

Outlook for 2003.(Brief Article)
December 22, 2002... After the longest economic expansion in U.S. history, the economy slipped into recession in March 2001. Fortunately, it turned out to be fairly short and fairly mild. We estimate that the recession ended in the first quarter of 2002. That makes...

The U.S. economy.
December 22, 2002... The performance of the U.S. economy during the past year is something of a paradox. A year ago, in our preview of the prospects for 2002, we forecast that the recession would probably end during the second quarter, with growth for the year of...

The International Economy.
December 22, 2002... World economic growth for 2002 is estimated at 2.2 percent, measured in terms of real Gross Domestic Product (GDP), compared to growth rates of 4.7 percent in 2000 and 2.2 percent in 2001. The International Monetary Fund in Washington forecasts...

Financial forecast.
December 22, 2002... The financial outlook for 2003 is cautiously optimistic. We think the market has reached its lows and is now poised to return to the positive column. As we all know too well, since peaking in March of 2000, the performance of the equity markets...

Housing.
December 22, 2002... Existing home sales have continued to be strong and should finish 2002 at a record level. The National Association of Realtors projects existing home sales of 5.44 million units in 2002 and the National Association of Home Builders projects...

Indiana.
December 22, 2002... Old truths seem to have been verified again. Indiana went into the recent recession before the rest of the nation and has had a harder time emerging from the recession than other states. In May 2000, Indiana reached its employment peak at...

Anderson.
December 22, 2002... This year, the local economy is driven by events at the national level. The biggest part of the story is the national economic slowdown. For Anderson and Madison County, the most volatile component of the local economy is the automotive...

Bloomington.
December 22, 2002... In many ways Bloomington is to Indiana what California is to the United States: the tenth most populous city in the state often serves as Indiana's harbinger. It appears that what is happening in this community might likely show us what is in...

Columbus.
December 22, 2002... No dramatic boom is waiting for Columbus and Bartholomew County in 2003. Business activity next year will look much like it did in 2002, according to forecast data from the Kelley School of Business at Indiana University. If economic...

Evansville.
December 22, 2002... The Evansville economy has slowed significantly since the turn of the century. The index of economic activity maintained at the University of Evansville reached its maximum in 1999, posted an inconsequential decrease in 2000, but fell by 3.4...

Fort Wayne.
December 22, 2002... After two years of decline (2000-2001) and a year of essentially no growth (2002), the Fort Wayne metropolitan area economy is forecast to have a significant cyclical bounce in 2003. The area economy consists of six counties: Adams, Allen, De...

Gary.
December 22, 2002... The last three years were more difficult for northwest Indiana than any period since 1993-96. Establishment employment peaked in November 2000 at about 277,000 jobs (it was, however, essentially stagnant between mid-1999 and mid-2001). Since...

Indianapolis.(Brief Article)
December 22, 2002... To write of Indiana is to ignore the three divisions within the state that are of importance. For example, between October 1999 and the same month in 2002, the state lost 81,700 jobs. But none of these jobs were lost in the Indianapolis...

Kokomo.
December 22, 2002... Kokomo's economy is heavily weighted toward manufacturing. Employment in manufacturing industries peaked statewide in June 2000. While recent losses have been much less than before and some months have even posted gains, employment is still not...

Lafayette.
December 22, 2002... The Lafayette metropolitan area (Tippecanoe and Clinton counties) was the third fastest growing metro area in Indiana, based on the change in population between the censuses of 1990 and 2000. At a rate of population growth of 13.2 percent, it...

Muncie.
December 22, 2002... Only a few years ago, the short-term problems of the Indiana economy were largely solved. Jobs were plentiful, unemployment rates were scraping the ground, and the state's revenue coffers were flush. That left us in the unusual--and...

New Albany.
December 22, 2002... In 2002, the economy of Southern Indiana and the Louisville metropolitan area continues to perform better than national economic trends. To date, employment losses and increases in the unemployment rate in the Louisville area have not been as...

Richmond.
December 22, 2002... The Richmond-Connersville-New Castle (RCNC) area economy is sputtering given its interdependence with the national economy. The sluggish recovery is spilling over into the local economy in terms of employment, income, and growth. The...

South Bend/Mishawaka and Elkhart/Goshen.
December 22, 2002... In the early 1950s, both the South Bend/Mishawaka and Elkhart/Goshen local economies featured very strong manufacturing sectors. More than half of all employment in both economies was in manufacturing. In the 1960s and 1970s, employment in the...

The big picture. (Outlook Summary for 2003).(Brief Article)
December 22, 2002... By the Kelley School of Business * Jeff Green and Bill Witte on the National Forecast: Gross Domestic Product is expected to increase by 3.2 percent, with consumer sending and federal spending leading growth. After mid-year, business...

Indiana metro areas. (Outlook Summary for 2003).
December 22, 2002... By Faculty from Academia Statewide * Barry Ritchey on Anderson: Short-term: continuing losses of jobs in manufacturing and slow to zero income growth. Long-term: this area could become one of the must urbanized corridors in the state. ...