Las Vegas Sun

April 19, 2024

Economic indicators show recession continuing into next year

The Southern Nevada Index of Leading Economic Indicators continued to drop in October, suggesting the region’s recession will continue through at least February, according to the report released by the Center for Business and Economic Research at UNLV.

The October index measures economic conditions in August. The index fell 3.73 percent from October 2008 and all 10 factors used in its analysis declined.

Segments measured include gaming, visitor counts, convention attendance, retail sales, and commercial and residential construction.

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