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.
The state’s economic growth gained momentum during summer 2015. The State Index increased for the 20th straight quarter on a year-over-year basis. The pace of increases in the Index was the fastest since the Great Recession. Four out of the five component indicators were up compared to the same period in 2014. The labor market continued to expand; the number of employed residents grew at a pace unseen since the Great Recession. The tourism sector remained strong; both the average Saturday vehicle traffic counts and spending at lodgings were up from the same period a year earlier. The state’s housing market revitalized; the volume of home sales bounced back to a double-digit growth and the pace of increases in median home prices rose two straight quarters. Three of the four state leading indicators remained up.