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NH Business Growth Sectors House and Senate Finance and Ways & Means Committees. Dennis Delay Deputy Director, New Hampshire Center for Public Policy Studies 1/9/2007. Anecdotal evidence from the Fed Bank of Boston, November 29, 2006.
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NH Business Growth SectorsHouse and Senate Finance and Ways & Means Committees Dennis Delay Deputy Director, New Hampshire Center for Public Policy Studies 1/9/2007
Anecdotal evidence from the Fed Bank of Boston, November 29, 2006 • Business contacts in the First District are fairly upbeat, with the exception of most retail respondents. • Double-digit revenue increases for software and information technology services firms and also for staffing firms. • Commercial real estate markets continue to strengthen. • While tourism-related businesses are doing well, most contacted retailers say sales have softened. • Manufacturers report that orders or sales of products related to housing have weakened. • High end of the labor market continues to tighten. • Energy-related cost pressures have eased but selected other input and vendor prices are rising.
Even Though Mfg is Large, It’s Contribution to Earnings Growth Has Lagged, Healthcare Increases Source: Bureau of Economic Analysis
New Hampshire Growing Faster than US or Region Since 2001 Source: Bureau of Economic Analysis
Fastest Growing GDP Contributors are Not (Necessarily) the Largest
Real Estate Eclipses Manufacturing in Contribution to GDP Source: Bureau of Economic Analysis
Most Important Industries in New Hampshire Source: Bureau of Economic Analysis
General Fund Appropriations growing only slightly more quickly than the state
Corporate Income Taxes in New England have Been Strong. Source: New England Public Policy Center
..in part because US Corporate Profits are at Record Levels Source: Bureau of Economic Analysis
..but the Congressional Budget Office Forecast Says Slowdown Source: Congressional Budget Office
The “Other Income” Portion of NH Personal Income Increasing Since 2003 (Matching Corporate Profits) Source: Bureau of Economic Analysis
Southern New Hampshire Accounts for Most of Rooms and Meals Sales Source: Institute for New Hampshire Studies
..but Tourism is Most Important to the White Mountains Source: Institute for New Hampshire Studies
New Hampshire affordability better than the 1980’s. Sources: Census Bureau and Bureau of Economic Analysis
Real Estate Overvaluation is Coastal Source: National City Bank
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