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Thursday, March 17, 2011

Saugeen Economy Rebounds

Regional | by Kevin Bernard  

Stats from fourth quarter show improvements in several areas of Saugeen region.

The economy of Southern Bruce and Grey Counties is rebounding.

According to figures released by the Saugeen Economic Development Corporation, three of the five economic indicators were up in the fourth quarter of 2010.

Project Manager Dave Barrett says the value of building permits was just under 35 million dollars in the quarter, which is up 85 percent from the samer period in 2009.

Barrett says the number of vehicles sold in the area was up 19 per cent and the total value of real estate sales rose 2.3 per cent to 2.7 million dollars.

While those categories showed improvement, Barrett says the number of people employed in manufacturing was down 8.3 per cent in the fourth quarter.

At the same time, the number of people on social assistance rose 30 per cent to almost 400 cases.

The Saugeen economy covers Arran Elderslie, Brockton, Chatsworth, Grey highlands, Hanover, Minto, South Bruce, Southgate, Wellington North and West Grey.

 

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