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WVU state business index posts first gain of 2015

FAIRMONT, W.Va. — The Mountain State Business Index saw a slight increase in the month of November.

“It posted its first gain for the year,” said Brian Lego, research assistant professor at the Bureau of Business and Economic Research at West Virginia University. “So in general for the year 2015, it has been on a downward trajectory, but it did notch its first gain in the most recent month.”

 The index for November showed a 0.2 percent increase over the previous month.

“It was a relatively healthy gain,” Lego said. “It was a 0.2 percent gain month to month, which doesn’t sound like a lot, but it’s certainly an improvement from where it had been declining or remaining flat over the preceding 10 months of the year.”

The index was designed to see what direction the economy will take over the short term.

“This isn’t really a pure forecasting tool, per se. It’s more just an indication of where the economy is headed over the next three to six months…

 

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