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Latest News Headlines for Economics

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Economic Monitor Reports Savannah Economic Growth in 1st Quarter 2017

(June 26, 2017) - Armstrong’s latest Coastal Empire Economic Monitor reports that the Savannah metro economy returned to healthy growth in the opening quarter of 2017, as the negative effects of Hurricane Matthew dissipated. Employment, airport travel, retail sales and consumer confidence were especially strong during this period, as was record-setting port activity.

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Making Connections: Small Business Class Opens Big Doors

(April 19, 2017) – In the Small Business Consulting course taught by Dennis Barber, Ph.D., Armstrong Economics professor and Small Business Institute director, undergraduates gain firsthand experience in Savannah’s small business community, which is a leader in the state.

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Economic Monitor Reports Economy Slowed in 4th Quarter

(March 6, 2017) - Armstrong’s latest Coastal Empire Economic Monitor reports that the Savannah metro economy slowed to a crawl in the closing quarter of 2016, largely due to the effects of Hurricane Matthew. As such, electricity and retail sales, as well as air travel, slipped. However, losses were offset by gains in employment, port activity and hotel room rentals. The area is expected to see healthy growth by mid-year.

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Economic Monitor Reports Economy Maintains Pace in 3rd Quarter, Expected to Slow

(January 3, 2017) - Armstrong State University’s latest Coastal Empire Economic Monitor reports the Savannah metro economy maintained its course of healthy growth through the third quarter of 2016. All current economic indicators increased from the second to third quarter, with the exception of retail trade. However, the forecasting index for the region declined during the quarter, signaling a potential slowdown on the horizon.

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Armstrong’s 2016 State of Small Business Survey Cites Growth, Challenges in Savannah’s Small Business Community

(December 14, 2016) - Armstrong State University’s Department of Economics has released the 2016 Armstrong State of Small Business Report, which offers insight into Savannah’s small business sector. Dozens of local businesses were recently surveyed about business size, financing and marketing efforts, as well as employment and revenue changes. Participants were also questioned about concerns and how area development and public officials can support the small business sector.

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Armstrong State University’s Economic Monitor Reports 2nd Quarter Growth, Forecasts Slowdown

(October 24, 2016) - Armstrong State University’s latest Coastal Empire Economic Monitor reports that the Savannah metro economy continued its growth phase during the second quarter of 2016, but some turbulence lies ahead.

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Economic Monitor Reports Fundamentals Remain Strong for Fourth Quarter 2015

(March 14, 2016) — Armstrong State University’s latest Coastal Empire Economic Monitor reports that the underlying fundamentals of the regional economy remained strong in the fourth quarter of 2015. Impressive gains in total employment were offset by a decline in port activity and a very modest dip in electricity sales. Tourism employment, airport plane boardings and consumer confidence registered gains, as did the coincident index of economic activity for the nation.

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Armstrong Students and Professor Honored in Academy of Economics and Finance Research Competition

(February 17, 2016) – Armstrong State University Fuller E. Callaway Professor of Economics Michael Toma and Economics students Thomas Kavoori and Sebastian Hernandez took top honors at the 53rd Annual Academy of Economics and Finance Conference in Pensacola Beach, Fla., Feb. 10-13.

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Armstrong Announces Local Partners for 2016 Small Business Consulting Course

(December 2, 2015) – Armstrong State University Assistant Professor of Economics and Director of the Small Business Institute, Dennis Barber, recently secured agreements with five local companies to participate in Armstrong’s spring 2016 Small Business Consulting course.