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Economic Index Figure Third Quater 2007: 97.2
The Lakeshore Economic Index is a compilation of economic indicater data that generates a number relative to a base year of January 2004, which was denoted as 100. If the index is higher than 100, the economy is stronger than it was in January 2004; readings lower than 100 indicate a weaker economy than January 2004. The index reflects changes in nine consumer categories, each of which is an economic indicator and together represent a significant cross section of economic activity. Categories used to establish the index are:
- electricity usage
- water usage
- average residential real estate prices
- average number of days a home is on the market
- new car sales, new home construction
- the prime lending rate
- unemployment rate
- hotel occupancy.
The Lakeshore Economic Index is done in partnership with Lakeshore Advantage, Hope College, and the Holland Sentinel.
For higher resolution pdf of chart click below
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