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Northern & Central : Industrial Snaphot - Q2 2014

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Northern & Central : Industrial Snaphot - Q2 2014

The state’s economic recovery has remained modest in most cases over the last year, despite unemployment falling 1.6 percentage points in that time. The trade, transportation, and utilities sector saw the sharpest job gains over the last year with 12,400 new jobs added. Meanwhile, U.S. retail sales, a driver of the industrial sector, exceeded $4.5 trillion during 2013, 4.3% higher than 2012. Online sales accounted for 8.0% of the total and are expected to rise to 11.0% by 2018, a good sign for the industrial market.

Source : Cushman & Wakefield

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