We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Richmond.
- Authors
Veramallay, Ashton I.
- Abstract
This article presents information on the economic development in Richmond, Indiana as of December 2003 and economic forecasts for 2004. Richmond economy can expect a rebound in 2004. Business activity will pick up from its current lackluster performance. Despite nearly two years of steady gains in the U.S. production and income, total employment is still below the peak of the previous business cycle in March 2001. Manufacturing jobs seem particularly vulnerable, having declined by roughly 13 percent since the recession began. Unlike manufacturing, the housing sector is doing extremely well. There is strong demand for new homes, priced between $160,000 and $170,000. Rising employment in some industries will offset job losses in the manufacturing sector.
- Subjects
RICHMOND (Ind.); INDIANA; UNITED States; ECONOMIC development; EMPLOYMENT; MANUFACTURING industries; HOUSE construction; ECONOMIC forecasting
- Publication
Indiana Business Review, 2003, Vol 78, Issue 4, p25
- ISSN
0019-6541
- Publication type
Article