NMSU Business Outlook: October 2012

Glad Tidings! 4.4% Increase Predicted in New Mexico 2012 Holiday Retail Sales

Bruce A. Huhmann, Ph.D. NMSU

Bruce Huhmann gives his annual holiday sales forecast. Bruce has a great batting average, often beating the national boys. Let’s hope he is right this year as he is predicting a 4.4% increase in holiday sales for New Mexico retailers. Nationally, he forecasts a 5% sales increase during fourth quarter 2012 compared to 2011 for combined home improvement, non-store, and retail sales.

Complete Article: Glad Tidings! 4.4% Increase Predicted in New Mexico 2012 Holiday Retail Sales

New Mexico State University’s Economic Impact

James Peach, Department of Economics and Arrowhead Center, NMSU

Research universities like NMSU are major drivers of economic growth. Many of the regional and local economic development success stories in the U.S. over the last several decades have involved large research institutions. The North Carolina Research Triangle, Silicon Valley, Loop 128 (Boston, MA) are probably the most widely known economic success stories driven by their affiliation with research universities but there are many other examples.

Complete Article: New Mexico State University’s Economic Impact

Talking Points

Christopher A. Erickson

New Mexico is now in the midst of a double dip recession. Statewide employment declined 1.5 percent compared to a year previous. What is true for the state is also true for Las Cruces. The city is also suffering a recession. Payroll employment, which measures jobs, is down a shocking 2.4 percent. This is the second consecutive month of year over year employment decline.

Complete Article: Talking Points

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