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What is the North Country Economic Index (NCEI)?

The North Country Economic Index (NCEI) is a quarterly economic report to gauge the performance of the economy in the northern rural New Hampshire, which currently includes Coös County. The NCEI is released four times a year – in March for Winter (December, January and February), in June for Spring (March, April and May), in September for Summer (June, July and August), and in December for Autumn (September, October and November).

NCEI also tracks the economic performance of the State of New Hampshire for the purposes of comparison. Posting county and state indicators side by side makes it clear how the county’s economy fares in comparison to the state’s economy. This State Index is constructed using the same methodology and component indicators used in the construction of the County Index so that the two Indexes can be directly comparable.

Reports

Spring 2014

July 9th, 2014 by Daniel Lee

Recovery continued at modest pace.

The economic activity increased in Coos County between spring 2014 and spring 2013. The economy registered positive growth for the fifth consecutive quarter on a year-over-year basis, although the pace of growth declined two straight quarters. Four of the five component indicators were up from their 2013 spring levels. The tourism sector continued to lead the county’s economic recovery; both average Saturday vehicle traffic counts and spending at lodgings remained up from the prior year. The good-producing sector gained momentum; industrial electricity sales increased two consecutive quarters on a year-over-year basis. As a cautionary note, there were some early indications that the recovery may be slowing down. Number of employed residents declined from prior year for the first time since winter 2013. In addition, the pace of growth in spending at lodgings declined two straight quarter. The County’s housing market hit the brakes; both housing sales and median home prices were lower than their 2013 spring levels.

The State’s economic recovery gained momentum and widespread in spring 2014. The State Index increased 15 consecutive quarters on a year-over-year basis. The pace of growth rose two straight quarters. All five component indicators remained up from the prior year. The industrial sector gained momentum; industrial electricity sales grew nine consecutive quarters and its pace of growth increased three straight quarters. The labor market stayed the course on recovery; the pace of increases in the number of employed residents accelerated. The tourism sector continued to be a force behind the recovery; both average Saturday vehicle traffic counts and spending at lodgings were higher than their spring 2013 levels. The state’s housing market showed signs of cooling off; the pace of increases in median home prices slowed for the first time since Fall 2012.

Recent Reports

Winter 2014

Fall 2013

Summer 2013

Spring 2013

Winter 2013

Fall 2012

Summer 2012

May 2012

April 2012

March 2012

February 2012

January 2012