About

 

Click here to see our newly added student report!

 

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

Fall 2015

January 7th, 2016 by Daniel Lee

New Hampshire Drew Record Number of Visitors

The Coos economy rebounded during Fall 2015. The Coos Index was back on a path to economic growth. The Index inched up 0.3% from the same time last year. The growth was largely due to record number of travelers who visited the region. The rooms and meals tax collected from the County’s businesses was the largest for Fall in a decade; and the number of visitors was also estimated to be the largest for Fall since 2007. However, the rest of the economy continued to struggle. The number of employed residents in the County, a broad economic indicator, decreased for the ninth consecutive quarter on a year-over-year basis. The County’s housing market continued to rebound; the volume of home sales grew for the fourth quarter in a row on a year-over-year basis, and its median home price was up compared to the same time last year for the first time in two years.

The state’s economy advanced. The State Index increased for the 21st straight quarter on a year-over-year basis. The pace of growth accelerated for the third quarter in a row. Four out of the five component indicators were up compared to the same period in 2014. The tourism sector had a record-breaking season; the industry saw the largest number of travelers to the state for Fall since at least 2007, as a result, the inflation-adjusted rooms and meals tax collected from the state’s restaurants and hotels was the largest ever for Fall since 1991. The labor market, however, hinted that economic growth of the overall economy might be slowing down; the seasonally adjusted number of employed residents declined for the first time since Fall 2009. In addition, all four state leading indicators turned down compared to six months ago in their year-over-year growth rate. The state’s housing market continued to heat up; the volume of home sales registered a double-digit growth on a year-over-year basis and the pace of increases in median home prices rose three straight quarters.

Recent Reports

Summer 2015

Spring 2015

Winter 2015

Fall 2014

Summer 2014

Spring 2014

Winter 2014

Fall 2013

Summer 2013

Spring 2013

Winter 2013

Fall 2012