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Article: CAPITAL REGION ECONOMY SLOWS.(BUSINESS)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- August 8, 1993
CopyrightCOPYRIGHT 1993 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ALAN D. ABBEY - Business writer
The Capital Region's economy, which had hopped along very nicely for a year, has slowed down to a tortoise's pace, according to research by a local business group.
The slower growth rate isn't worth panicking about -- yet, according to the conclusion reached by the Center for Economic Growth Inc. in its latest survey of the area's economy.
The economic index for the region -- which measures activity in such sectors as the labor market, housing sales and construction, weekly production hours, airport traffic and general construction contracts -- has slipped each month since March.
"Although ...