May 2017 Prime Economic Indicators Forecast

2017 Forecast of Prime Economic Indicators

Real GDP Low Price Benchmark Price High Price Residential Unit Sales Low Price Bencmark Price High Price
0.34% 0.51% 0.68% -8.93% -8.47% -8.14%
               
Employment  Low Price Benchmark Price  High Price  Housing Starts Low Price  Benchmark Price   High Price
-3.85% -3.89% -3.95% -10.18% -8.89% -7.67%
               
Hours Worked  Low Price  Benchmark Price  High Price Housing Prices  Low Price Benchmark Price   High Price
-6.53% -6.50% -6.53% -1.08% -0.76% -0.49%
               
Hourly Wage  Low Price  Benchmark Price  High Price CPI  Low Price  Benchmark Price  High Price
4.28% 4.51% 4.74% 2.80% 2.96% 3.11% 
        All numbers in this table represent annual growth rates for the 2017 calendar year
Retail Sales  Low Price  Benchmark Price High Price 
1.70% 1.86% 2.01%

Key:

Low Price The low Price was computed assuming an average Brent (USD) price of oil of $42.72 for the 2017 calendar year. The oil price forecasts are provided by the United States Energy Information Agency (EIA).
Benchmark Price The benchmark price was computed assuming an average Brent (USD) price of oil of $52.72 for the 2017 calendar year. The oil price forecasts are provided by the United States Energy Information Agency (EIA).
High Price The high Price was computed assuming an average Brent (USD) price of oil of $62.72 for the 2017 calendar year. The oil price forecasts are provided by the United States Energy Information Agency (EIA).

 The forecasts above were computed using a Vector Autoregressive (VAR) method. Data sources are available upon request.