March 2017 Forecast of Prime Economic Indicators for a 12 Month Horizon
March 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 |
2.09% | 2.41% | 2.59% | 2.89% | 4.38% | 5.34% | ||
Employment | Low Price | Benchmark Price | High Price | Housing Starts | Low Price | Benchmark Price | High Price |
-2.11% | -1.99% | -1.92% | -0.99% | 4.32% | 7.90% | ||
Hours Worked | Low Price | Benchmark Price | High Price | Housing Prices | Low Price | Benchmark Price | High Price |
-3.47% | -3.15% | -2.97% | -0.21% | 1.06% | 1.87% | ||
Hourly Wage | Low Price | Benchmark Price | High Price | CPI | Low Price | Benchmark Price | High Price |
4.13% | 4.88% | 5.37% | 2.06% | 2.48% | 2.76% | ||
All numbers in this table represent annual growth rates for a 12 month horizon (April 2017 - March 2018) | |||||||
Retail Sales | Low Price | Benchmark Price | High Price | ||||
2.41% | 2.98% | 3.33% |
Key:
Low Price | The low Price was computed assuming an average Brent (USD) price of oil of $42.71 for a 12 month horizon (April 2017 - March 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 $52.71 for a 12 month horizon (April 2017 - March 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 $62.71 for a 12 month horizon (April 2017 - March 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.