State’s economy grew in July

Published Sep 12, 2012 at 05:00AM

The University of Oregon statewide Index of Economic Indicators increased year over year to 90.9 in July, although it lost the momentum gained in the three previous months, according to data released by UO economist Tim Duy on Tuesday. Data points are seasonally adjusted.

The number of initial unemployment claims filed in Oregon dropped from 9,030 in July 2011 to 8,084 in July 2012, and the number of residential building permits issued rose from 671 to 852 for the same time period, according to Duy’s statistics. Consumer confidence also grew.

In recent months, though, consumer confidence fell, as did manufacturers’ sales of non-defense, non-aircraft goods.