April 2017 Forecast of Prime Economic Indicators for a 12 Month Horizon
April 2017 Forecast of Prime Economic Indicators for a 12 Month Horizon
Real GDP | Low Price | Benchmark Price | High Price | Residential Unit Sales | Low Price | Benchmark Price | High Price |
3.13% | 3.64% | 3.94% | -3.93% | -2.80% | -2.16% | ||
Employment | Low Price | Benchmark Price | High Price | Housing Starts | Low Price | Benchmark Price | High Price |
-3.81% | -3.75% | -3.73% | -10.53% | -6.04% | -3.10% | ||
Hours Worked | Low Price | Benchmark Price | High Price | Housing Prices | Low Price | Benchmark Price | High Price |
-6.61% | -6.45% | -6.38% | -0.18% | 0.95% | 1.68% | ||
Hourly Wage | Low Price | Benchmark Price | High Price | CPI | Low Price | Benchmark Price | High Price |
3.43% | 4.09% | 4.53% | 2.25% | 2.63% | 2.88% | ||
All numbers in this table represent annual growth rates for a 12 month horizon (May 2017 - April 2018) | |||||||
Retail Sales | Low Price | Benchmark Price | High Price | ||||
1.65% | 2.12% | 2.41% |
Key:
Low Price | The low Price was computed assuming an average Brent (USD) price of oil of $42.67 for a 12 month horizon (May 2017 - April 2018). 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 $52.67 for a 12 month horizon (May 2017 - April 2018). 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 $62.67 for a 12 month horizon (May 2017 - April 2018). 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.