State economy grows, slowly

Published Dec 11, 2012 at 04:00AM / Updated Nov 19, 2013 at 12:31AM

Oregon’s economy improved slightly in October, although it’s still growing at a slower pace than during previous periods of economic recovery, according to a report released Monday.

Initial claims for unemployment dropped, according to the University of Oregon Index of Economic Indicators, and residential building permits increased. However, concern over the nation’s fiscal policies combined with weak overseas economies has softened demand for capital purchases at the end of the year, according to the report.