Oregon’s economy continued to grow in November at about the same slow pace, according to an index of economic indicators released Thursday by the University of Oregon.
The UO Index of Economic Indicators rose slightly in November over October, while the three-month moving average of economic activity fell slightly below the average rate of growth.
Residential building activity and manufacturing jobs showed modest gains over the month. Concerns over fiscal policy, including “fiscal cliff" and debt ceiling negotiations over tax rates and spending levels, pushed confidence downward, according to the index.
