Small Decline in the BC Economic Index in Q3

BC Economic Index v10 n3

In the third quarter of 2011 the BC Economic Index registered a slight 0.1% contraction. Adding to the weak reading, the result from the second quarter was revised down from a respectable 0.8% increase to a more modest 0.5% advance. As an indicator of current economic conditions, the downward revision coupled with the small contraction in Q3 indicates that the provincial economy essentially stalled over the past few months.