Photo 226496518 / Mohd Izzuan Ros / Dreamstime
Photo 57640139 / Edenmanusphotography / Dreamstime
Photo 226496518 /Mohd Izzuan Ros / Dreamstime
Illustration 60886103 Kheng / Ho To / DreamsTime
Ewweb 352 East South Central 2013 Forecast 0

East South Central 2013 Regional Forecast

Jan. 9, 2013
There are some sizeable projects underway in Tennessee and Alabama, with the $312.6 million expansion of Kruger Products’ KTG USA plant in Memphis, Tenn., which produces White Cloud bathroom tissue and White Cloud facial tissue

There are some sizeable projects underway in Tennessee and Alabama, with the $312.6 million expansion of Kruger Products’ KTG USA plant in Memphis, Tenn., which produces White Cloud bathroom tissue and White Cloud facial tissue; the $140 million Memorial Hospital expansion and renovation in Chattanooga, Tenn.; and the $216.8 million expansion of the Mercedes-Benz plant in Vance, Ala. However, some macroeconomic indicators point to a sluggish economy in this region, with the unemployment rate for Alabama, Kentucky, Mississippi and Tennessee a half-point over the U.S. national rate, and construction employment down. On the bright side, housing permits are showing some solid growth over last year, with single-family permits up 10%, multi-family starts up a whopping 153%, and total permits up 34%. Showing some of the strongest housing potential are Memphis, with single-family building permits up 39% YTY to 1,470 through August, and Nashville, Tenn., up 27% to 3,600 over the same time period.

East South Central : Electrical Wholesalers'Sales
(in millions of dollars)