Regional Economic Research Institute

Regional Economic Indicators: December 2022 Report

December 01, 2022 / RERI Research Team / Tags: Regional Economic Indicators, Reports

The RERI has published Regional Economic Indicators for October 2022. The monthly publication represents a collection and analysis of economic indicators including airport passenger activity, taxable sales, tourist tax revenues, labor force, employment, real estate, and consumer sentiment for the Southwest Florida workforce region.

Lee EBCS: Fourth Quarter 2022 Report

December 01, 2022 / RERI Research Team / Tags: Executive Business Climate Survey, Lee County

In our last report, we noted there was a blurred picture when it came to the national economy. This national scenario remains true for the latest report as well, as businesses and workers continue to navigate a period of economic uncertainty. In an effort to stabilize inflation, the Federal Reserve increased the federal funds rate by 0.75 basis points in November 2022, representing the highest level since January 2008. There is still some debate among economists as to whether this will produce a recession. While the housing market has been cooling down, consumers continue to maintain their expenditure level.

Collier EBCS: Fourth Quarter 2022 Report

December 01, 2022 / RERI Research Team / Tags: Collier County, Executive Business Climate Survey

The national economic scenario continues to present a blurred picture. In an effort to stabilize inflation, the Federal Reserve increased the federal funds rate by 0.75 basis points in November 2022, representing the highest level since January 2008. There is still some debate among economists as to whether this will produce a recession. While the housing market has been cooling down, consumers continue to maintain their expenditure level.