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Report Shows Robust Peoria Economy

Fri, 13 Jun 2014 11:08:20 CDT
By: Jim Browne

Report Shows Robust Peoria Economy The first quarter Statistical Composite of Peoria Economy, or SCOPE report, shows broad economic improvement. Bernard Goitein's Director of Business and Economic Research at Bradley University, which compiles the report. He says an increase in jobs is the key to the improvements. WGLT's Jim Browne has more:

   
Goitein says home sales were also up in the first quarter of 2014 nearly 21 percent, while home prices rose a scant 1.8% from the last quarter of 2013. The only spot that was disappointing, according to Goitein, was in retail spending. That was up just under 2% and he suggests that could be because wages were just keeping up with inflation.
   

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