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July 21, 2014
COMMENTARY – by Michael J. Hicks, Ph.D.
State income taxes are a good place to try to begin understanding state economic performance.
The last couple weeks brought to a close the fiscal year for most state and municipal governments. This is a time to assess the condition of tax revenues and a time for states like Indiana that operate on a two-year budget to consider adjustments. It is also a time for economists to puzzle over the tax figures and try to understand the current state of the economy.
Read the full text: State Taxes and a Slowing Economy
Last week's commentary: Indiana Gets a Small Business Ranking
Each of Indiana's 92 counties has a unique mix of demographics, economic and entrepreneurial activity, youth situation, and social capital. Get the full story through the County Profiles website. Select a county on the left hand side to get started.
County profiles (shortcut to Delaware County economic activity): http://profiles.cberdata.org/profiles/economy/Delaware
DID YOU KNOW? – by Dagney Faulk, Ph.D.
The Census Bureau released retail sales numbers for the U.S. last week. Retail sales (including food services) show continued growth and have surpassed pre-recession levels (both seasonally adjusted and inflation-adjusted) coming in at $439.9 billion, which is 4.3 percent higher than the June 2013 level.
Graph: CPI Deflated Retail Sales
Table: Retail Sales
ECONOMIC INDICATORS – View all economic indicators (CBER Data Center).
TUESDAY: Consumer Price Index, country
FRIDAY: Durable Good Orders, country
|Center for Business and Economic Research
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