Monday, March 25, 2019

Georgia Southern Economic Monitor shows across-the-board gains for 2018's fourth quarter

Posted By on Mon, Mar 25, 2019 at 2:23 PM

Georgia Southern University’s latest Economic Monitor, which analyzes Q4 2018 data and identifies trends affecting the regional economy, reports that Savannah's metro economy "closed out 2018 with across-the-board gains in all eight key economic indicators monitored. Port activity, consumer spending and electricity sales provided the most lift to the index, with improving consumer expectations, overall employment and tourism playing supporting roles."

During the fourth quarter, the Savannah metro economy expanded at a rate of 0.8 percent, or 3.2 percent annualized, which is an increase from the previous quarter, the Monitor reports.

"In general, the Savannah metro economy appears to have strengthened substantially during the final quarter of 2018," it says.

"While the eight key indicators of economic activity in the Savannah metro region all improved, modest employment gains and the uptick in the unemployment rate warrant continued close monitoring of regional economic data in the near term. With this shift, improving regional economic conditions throughout much of 2019 is anticipated."

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