Benson Economic Outlook 2012. GROSS DOMESTIC PRODUCT Seasonally Adjusted Annual Rate.

Slides:

Advertisements

Similar presentations

Stockholm Economy Q Economic growth, private sector Gross pay, change (%) from the previous quarter, seasonally adjusted and trend-adjusted, annual.

Advertisements

U.S. and New Jersey Economic Situation Charles Steindel Resident Scholar Ramapo College of New Jersey November 17, 2014.

Economic Update Economic Development Council of Seattle-King County Board Meeting February 27, 2014 Spencer Cohen Senior Economic Analyst.

ECONOMIC INDICATORS. Real GDP Growth Gross Domestic Product (GDP) measures the dollar value of all goods and services produced in the U.S. economy in.

Humboldt County Economy 2007 Presented to Eureka Old Town Rotary Club November 6, 2007.

David A. Penn Director and Associate Professor Jennings A Jones College of Business Middle Tennessee State University

Nevada County Conditions, Trends, and Forecasts 2007.

Karl Smith Economic Update Summer 2011: Desperately Seeking Employment.

The Great Recession and Tennessee’s Revenue Outlook Bill Fox and Matt Murray UT’s Center for Business and Economic Research October 29, 2009.

TRI-COUNTY ECONOMIC FORECAST CONFERENCE California Economic Outlook Nancy D. Sidhu, Ph.D. VP & Senior Economist January 11, 2007.

Federal Reserve Bank of New York, Second District Project by Rodolfo Capiro Joseph Seifried Timothy F. Geithner President and CEO since November 17, 2003.

Presented by: Steve Nivin, Ph.D. Please contact Steve Nivin with any questions or comments at or ECONOMIC.

Presented by: Steve Nivin, Ph.D. Please contact Steve Nivin with any questions or comments at or MID-YEAR.

Business Cycles, Unemployment, and Inflation

Economic Outlook 2000 Hawaii Economic Association Annual Conference April 28, 2000.

Cochise College Center for Economic Research Economic Review & Outlook Bisbee, Arizona.

Cochise College Center for Economic Research Cochise College CENTER FOR ECONOMIC RESEARCH Economic Outlook Sierra Vista, AZ.

Cochise College Center for Economic Research Economic Outlook Benson, Arizona.

Cochise College Center for Economic Research Cochise College CENTER FOR ECONOMIC RESEARCH Economic Outlook Sierra Vista, AZ.

Douglas Economic Outlook GROSS DOMESTIC PRODUCT Seasonally Adjusted Annual Rate.

Nebraska Economic Update and Housing Outlook NIFA’s Housing Innovation Marketplace Omaha, NE – January 27, 2010 January 27, 20101K. Edmiston, FRB KC.

Clark County Budget & Economic Outlook July 22, 2015 Work Session: Board of Clark County Councilors.

WASHINGTON STATEECONOMIC AND REVENUE FORECAST COUNCIL Economic & Revenue Outlook Presented to Washington State National Institute of Government Procurement.

Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC The Economy and Poverty in Los Angeles County MENDing Poverty Conference.

Fairfax Committee of 100 February 24, 2015 The Northern Virginia and Washington Area Regional Economic Outlook David E. Versel, AICP Senior Research Associate.

 What is inflation? --a general upward movement in price of goods and services in an economy  What is deflation? --a general downward movement in.

GDP Basics GDP: Picking Up, Slowing Down, Nose- Diving, or Turning the Corner UnemploymentInflation Business Cycle & Economic Indicators

Cochise College Center for Economic Research Cochise College CENTER FOR ECONOMIC RESEARCH Economic Outlook Benson, AZ.

Economic Indicators Lauren Rudd January 9, Same store sales 01/9/20142.

COCHISE COLLEGE Center for Economic Research Economic Review & Outlook Douglas, AZ.

Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)

COCHISE COLLEGE Center for Economic Research Economic Review & Outlook Sierra Vista, AZ.

Economic Outlook Efficient Electro-Technology Conference September 7, 2000.

West Alabama Real Estate Summit Tuscaloosa, AlabamaAugust 24, 2012 Ahmad Ijaz Center for Business and Economic Research Culverhouse College of Commerce.

Southwest Business Forum January 11, 2008 Fort Lewis College’s 16 th Annual Focus on Our Future: Business and Economics Sponsored by Wells Fargo San Juan.

The Outlook for the U.S. Economy and Home Improvement Spending James Gillula Managing Director, Consulting Services IHS Global Insight April 2014.

Salt Lake Real Estate Market Performance in 2014 Total Sales: 1.Single family down 1.7% to 11,500 homes. 2.Condos unchanged at 3,000 units. Value of Sales:

Sierra Vista Economic Outlook National Economy  Sequestration.

Cochise College CENTER FOR ECONOMIC RESEARCH Economic Outlook Douglas, AZ.

Santee-Lynches Economic Forecast Presented by: Santee-Lynches Regional COG & The BB&T Center for Economic and Community Development at Coastal.

ECONOMIC OUTLOOK: ARE HAPPIER DAYS HERE? Dr. Mike Walden Reynolds Distinguished Professor North Carolina State University 1.

Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)

Economic Outlook Douglas, AZ. Cochise College Center for Economic Research  Lower levels of production  Job losses/rising unemployment  Less income.

Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)

Economic Outlook 2014 Robert Carreira, Ph.D.. Real GDP Growth (%)

Economic Outlook Benson, AZ. Cochise College Center for Economic Research  Lower levels of production  Job losses/rising unemployment  Less income.

Cochise College Center for Economic Research Economic Review & Outlook Sierra Vista, AZ.

Benson Economic Outlook National Economy  Recession ended June 2009, slow recovery since  : 8.7 million jobs lost  (May):

2000 Economic Outlook Hawaii Economic Association Annual Conference April 28, 2000.

Tennessee and U.S. Economic Update and Outlook Matthew N. Murray, Ph.D. October 2015.

William F. Fox, Director Center for Business and Economic Research The University of Tennessee, Knoxville November 17, 2015 The 2016 Economy Looks Like.

Presented by Harry M. Davis, Ph.D NCBA Professor of Banking and Economist Appalachian State University October 29, 2015.

2013 Missouri Economic Forecast Dr. David Mitchell, Director Bureau of Economic Research.

2013 Economic Outlook Professor Martin Shields CSU Regional Economics Institute.

Gross Domestic Product Definition of Gross Domestic Product Why are Changes in Real Gross Domestic Product Important? Explanations of GDP and its Components.

SIERRA VISTA Economic Outlook 2015 Robert Carreira, Ph.D.

BENSON Economic Outlook 2015 Robert Carreira, Ph.D.

BISBEE Economic Outlook 2015 Robert Carreira, Ph.D.

Wichita 2008 Review 2009 Forecast Rob Allison, Interim Director Center for Economic Development and Business Research W. Frank Barton School of Business.

Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC LAEDC Economic Forecast & Industry Outlook Office of the City Controller,

Creating a Forecast Charles Steindel January 21, 2010 All views expressed are those of the author only and not necessarily those of the Federal Reserve.

2017 Economic Outlook IREM Los Angeles

Strome College of Business

Economic Outlook 2016 Robert Carreira, Ph.D.

Economic Outlook 2016 Robert Carreira, Ph.D.

Economic Update & Outlook Arizona State Board of Equalization

Economic Outlook 2016 Robert Carreira, Ph.D.

FINANCIAL REPORT 2nd Quarter FY

Update: Tennessee’s Economic Recovery

Macroeconomics Economic Indicators.

Presentation transcript:

Benson Economic Outlook 2012

GROSS DOMESTIC PRODUCT Seasonally Adjusted Annual Rate

INFLATION (CPI) Compared to same month previous year

NATIONAL OUTLOOK Continued slow economic growth Labor market generally improving Short- and long-run inflation threat remains

GDP BY STATE

THE LOCAL ECONOMY Cochise County & Benson

COCHISE COUNTY RETAIL SALES GROWTH Inflation adjusted; compared to same month previous year

BENSON RETAIL SALES TAX REVENUE GROWTH Compared to same month previous year; unadjusted

Cochise County 2012: 1.3% * 2011: -1.2% 2010: -4.8% 2009: -4.2% 2008: -6.5% 2007: -1.3% Benson (Retail Sales Tax Revenue) 2012: -2.4% * 2011: -5.6% 2010: -0.4% 2009: -4.8% 2008: 0.6% 2007: 38.2% RETAIL SALES RECENT ACTIVITY * Jan-Apr only; comparison to same period the previous year

RESTAURANT AND BAR SALES GROWTH Inflation adjusted; compared to same month previous year

Cochise County 2012: -3.3% * 2011: -0.2% 2010: 0.0% 2009: 0.3% 2008: 0.2% 2007: 0.1% Benson 2012: -9.6% * 2011: -11.1% 2010: -3.7% 2009: 9.1% 2008: -0.6% 2007: -3.1% RESTAURANT & BAR SALES RECENT ACTIVITY * Jan-Apr only; comparison to same period the previous year

ACCOMMODATION SALES GROWTH Inflation adjusted; compared to same month previous year

Cochise County 2012: -11.0% * 2011: -13.1% 2010: 8.3% 2009: -9.0% 2008: 1.0% 2007: 19.7% Benson 2012: -25.6% * 2011: -6.1% 2010: 1.0% 2009: -5.5% 2008: -7.5% 2007: 17.6% ACCOMMODATION SALES RECENT ACTIVITY * Jan-Apr only; comparison to same period the previous year

SALES OUTLOOK Modest retail sales growth (countywide); slight decline (city) Restaurant and bar and accommodation sales trending downward (city & countywide) I-10 construction, gas prices, and potential defense cuts

EMPLOYMENT

UNEMPLOYMENT RATES * Jan-May only; seasonally adjusted

MONTHLY UNEMPLOYMENT RATES Seasonally adjusted

COCHISE COUNTY NONFARM JOB GROWTH Compared to same month previous year

COCHISE COUNTY JOB GAINS/LOSSES BY INDUSTRY 12 months ended May 2012 * Includes mining

COCHISE COUNTY JOB GROWTH RATE BY INDUSTRY 12 months ended May 2012 * Includes mining

EMPLOYMENT OUTLOOK Local labor market generally improving Sustained improvement likely through

HOUSING AND REAL ESTATE

NEW HOME CONSTRUCTION Single Family Residential Building Permits

MLS HOME SALES

MEDIAN HOME PRICE * 1 st Quarter only

OUTLOOK New residential construction picking up countywide Benson new construction down, but above historical levels (pre-2006) Boost from foreclosures/lower prices/lower interest rates 2012 median price likely to increase from 1 st quarter

CONCLUSION Moving in the right direction, but slowly Sales locally continue to struggle, especially hospitality Defense spending and I-10 construction Labor market improvement will give boost Construction and home sales picking up Long-term inflation threat