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2013 South Carolina Economic Outlook

2013 South Carolina Economic Outlook. Inflation, Housing, and the South Carolina Economy. Consumer Price Index. U.S. value is 2.2 percent South value is 1.6 percent New cars and medical care up Used cars and energy down Greenville is 90.4 Columbia is 100.4 Hilton Head is 114.1.

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2013 South Carolina Economic Outlook

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  1. 2013 South Carolina Economic Outlook Inflation, Housing, and the South Carolina Economy

  2. Consumer Price Index U.S. value is 2.2 percent South value is 1.6 percent New cars and medical care up Used cars and energy down Greenville is 90.4 Columbia is 100.4 Hilton Head is 114.1

  3. Consumer Price Index 2009-2012 CPI for the South

  4. Housing Every major S.C. city experienced growth Yearly 11% increase October 25% increase Permits 40% increase Foreclosures up 18% Delinquencies declining Prices remain flat

  5. Housing City Housing Sales, October 2011-October 2012

  6. USC Economic Conference Manufacturing Diversity Poised for Growth (slow) Fed predicts 4% Growth USC predicts 1.2% Growth Great Recession Mentality European Exposure “Things will be mostly better”

  7. USC Economic Conference S.C. grew 1.8% in 2012 Small Construction Industry gains Many Temporary and Contract hires Half are in Manufacturing 3 Quarters of housing growth Predicts 1.2% employment growth in 2013

  8. South Carolina

  9. South CarolinaEmployment Gain and Loss 2007-12

  10. South Carolina

  11. Fiscal Cliff and South Carolina Payroll tax up 2% (6.2%), $1,000 for 50k annual salary For income $400k and up, 4.6% income tax increase (39.6), 5% increase (20%) on capital gains, and 5% increase on estate tax (40%) with an exemption up to $5 million Business tax breaks (R&D, wind energy) and low-income tax credits continued Unemployment insurance benefits continued for a full year Farm Bill extended Medicare payment cuts postponed Spending cuts postponed

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