Archive of: Economy

Title Issue

Monthly state collections improve, but economy signals caution

Major state general fund revenue collections for the June 11 to July 10 collection period totaled $66.5 million, 5.5 percent higher than the Economic and Revenue Forecast Council's June forecast.

July 2012

Wholesale trade numbers mixed in May

Sales of merchant wholesalers totaled $409.6 billion, down 0.8 percent from the revised April level, but up 5.7 percent compared to May 2011, according to the U.S. Census Bureau.

July 2012

Not much change in economic forecast

The Washington economy continues to perform as anticipated, according to the June report from the state Economic and Revenue Forecast Council.

July 2012

Economists expect home prices to bottom out by 2013

Economists continued to predict home prices will decline only slightly in 2012, falling 0.4 percent for the entire year, and will increase thereafter, according to the June 2012 Zillow Home Price Expectations Survey. For the first time, the individual economists surveyed were largely in agreement on the trajectory of home prices nationally, signaling that a true bottom may be imminent.

June 2012

Forecast reflects lackluster recovery from the recession

Economic indicators continue to show mixed signs but, in general, remain close to the state Economic and Revenue Forecast Council's previous expectations. The council's June forecast reflects the lackluster recovery from the recession, and it continues to see a weak economy, with low growth, high unemployment and weak confidence.

June 2012

Consumer Price Index drops 0.3%

The Consumer Price Index for All Urban Consumers decreased 0.3 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.7 percent before seasonal adjustment.

June 2012

U.S. and Washington economies sending mixed signals

The U.S. economy has been sending mixed signals, with recent weak employment and gross domestic product growth, but also higher disposable personal income, strong auto sales and signs that the housing market may be stabilizing, according to the latest update from the state Economic and Revenue Forecast Council.

June 2012

Bank economists see moderate growth for economy

The U.S. economy will continue to grow at a moderate pace, with ongoing downside risks from Europe and the looming “fiscal cliff,” according to the Economic Advisory Committee of the American Bankers Association.

June 2012

State economic forecast holds steady

The preliminary June economic forecast for Washington is very similar to the forecast adopted in February by the state's Economic and Revenue Forecast Council. Employment growth forecasts for 2012, 2013 and 2014 remain unchanged at 1.7 percent, 2 percent and 1.8 percent, respectively. In 2015, the council now expect employment to grow 1.7 percent, compared to 1.8 percent in the February forecast.

May 2012

Consumer Price Index holds steady

The Consumer Price Index for All Urban Consumers was unchanged in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.3 percent before seasonal adjustment.

May 2012
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