Port Dispute Places Drag on Economic Indicators

By Jim McCoy Tue 11th September NewsOregon economyPort of Portland

The impact of the summer labor dispute at the Port of Portland is showing up in a measure of Oregon's economic growth. But the economist who compiles the index says it's a blip in the numbers.

The Oregon Measure of Economic Activity for July fell. That was influenced heavily by a sag in volume at the port when shippers diverted their vessels.

Economist Tim Duy of the University of Oregon says the index likely will be down for August, as well. But after taking the port's slowdown into account, Duy says, the index suggests that the state's economic picture is little changed: growing slowly and at nearly its average rate for the last two decades.

Associated Press

 

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