Mountain State Business Index - August 2014 - WOWK 13 Charleston, Huntington WV News, Weather, Sports

Mountain State Business Index - August 2014

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The Mountain State Business Index (MSBI) goal is to provide a in depth look into West Virginia's economic status.

Each index is comprised of several individual indicators that are used to characterize a particular aspect of the state's economy. The variables comprising the MSBI are: building permits authorized for single-family homes; average initial unemployment insurance claims; a stock index of West Virginia's largest publicly-traded employers; the spread between long-term and short-term interest rates (also known as the yield curve); the state real trade-weighted dollar exchange rate; statewide coal production; and statewide natural gas production.

The Mountain State Business Index is calculated every month. It is produced by West Virginia University College of Business and Economics with John Deskins as Director.

Deskins: “We are very encouraged to see the streak of strong growth in the index that emerged early in the summer continue through August. This consistent growth provides us with even more confidence that our state's economy will at least be stable, and may accelerate, through the latter parts of the year.”



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