Metro Toledo’s economy retreated in August with its leading economic indicators falling 0.2 percentage points from July, according to an index compiled by the Ohio Department of Job and Family Service.
A report this week showed the Toledo area economy continues to lag that of Ohio. But it was equal to or better than several other metro areas in the state. Toledo’s August index reading was 87.6, while the state was at 90.9, unchanged from July.
The index factors in employment, initial jobless claims, average weekly hours in manufacturing, and valuation of housing permits. It uses figures from 2000 as a baseline for 100.
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