Indy Area Economic Briefing from the Chamber of Commerce

Indy Area Economic Briefing from the Chamber of Commerce

The Indy Chamber just put out their October 2014 Economic Briefing.  Since the Indy Metro area is the capital and central point of commerce for the state - it can paint a pretty good general picture.  Other market areas such as Bloomington, Lafayette, Columbus, Evansville can also provide specific data about their hyper-local economies through their own Chamber of Commerce.

Employment:
The Unemployment rate hit the lowest rate since September of 2007!  That translates to:
5.4% for Marion County (down 1.7% from prior year)
3.8% for Hamilton County (lowest in Metro area)
5.8% for Madison County (highest in Metro area)
4.8% for Metro Indy
5.7% for State
5.9% is the current National rate

Interactions Corporation (self-service solutions for customer service) announced plans to expand in Indianapolis by adding 1,000 new employees by 2014.

Skjodt-Barrett Foods is going to expands it's U.S. headquarters in Lebanon by adding 97 jobs by 2017.

Real Estate
Comparing 2013 to 2014
# of new listings up 8.4%
# of closed sales up 13.1%
Average sales price is up 2.9% to $172,319

All positive signs!

Commercial and Industrial vacancies are down

#Indy #Economy #ChamberofCommerce #MetroIndy

Indy Area Economic Briefing from the Chamber of Commerce