Bisbee economic outlook 2012
Sponsored Links
This presentation is the property of its rightful owner.
1 / 28

Bisbee Economic Outlook 2012 PowerPoint PPT Presentation


  • 222 Views
  • Uploaded on
  • Presentation posted in: General

Bisbee Economic Outlook 2012. Gross Domestic Product. Seasonally Adjusted Annual Rate. Inflation (CPI). Compared to same month previous year. National Outlook. Continued slow economic growth and labor market improvement Recovery may speed up in 2013

Download Presentation

Bisbee Economic Outlook 2012

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Bisbee Economic Outlook

2012


Gross Domestic Product

Seasonally Adjusted Annual Rate


Inflation (CPI)

Compared to same month previous year


National Outlook

  • Continued slow economic growth and labor market improvement

  • Recovery may speed up in 2013

  • Long-run inflation threat remains


GDP by State


The Local Economy

Cochise County & Bisbee


Retail Sales Growth

Inflation adjusted; compared to same month previous year


Retail Sales Recent Activity

  • Cochise County

    • 2012: 2.0% *

    • 2011: -1.2%

    • 2010: -4.8%

    • 2009: -4.2%

    • 2008: -6.5%

    • 2007: -1.3%

  • Bisbee

    • 2012: -6.0% *

    • 2011: 5.6%

    • 2010: 1.7%

    • 2009: -6.9%

    • 2008: -0.4%

    • 2007: 3.4%

* Jan-Sep only; comparison to same period the previous year


Restaurant and Bar Sales Growth

Inflation adjusted; compared to same month previous year


Restaurant & Bar Sales Recent Activity

  • Cochise County

    • 2012: -4.2% *

    • 2011: -0.2%

    • 2010: 0.0%

    • 2009: 0.3%

    • 2008: 0.2%

    • 2007: 0.1%

  • Bisbee

    • 2012: 11.5% *

    • 2011: -8.8%

    • 2010: 2.8%

    • 2009: -6.8%

    • 2008: -0.6%

    • 2007: -4.8%

* Jan-Sep only; comparison to same period the previous year


Accommodation Sales Growth

Inflation adjusted; compared to same month previous year


Accommodation Sales Recent Activity

  • Cochise County

    • 2012: -16.3% *

    • 2011: -13.1%

    • 2010: 8.3%

    • 2009: -9.0%

    • 2008: 1.0%

    • 2007: 19.7%

  • Bisbee

    • 2012: 10.5% *

    • 2011: -2.7%

    • 2010: -13.2%

    • 2009: -27.3%

    • 2008: 11.1%

    • 2007: 20.6%

* Jan-Sep only; comparison to same period the previous year


Sales Outlook

  • Modest retail sales growth countywide; stabilization/modest growth in Bisbee

  • Restaurant and bar trending downward countywide but upward in Bisbee

  • Accommodation sales trending downward both countywide and in Bisbee

  • Fort Huachuca/defense budget will have large impact


Employment


Unemployment Rates

* Jan-Oct only; seasonally adjusted


Monthly Unemployment Rates

Seasonally adjusted


Cochise CountyNonfarm Job Growth

Compared to same month previous year


Cochise CountyJob Gains/Losses By Industry

12 months ended October 2012

* Includes mining


Cochise CountyJob Growth Rate By Industry

12 months ended October 2012

* Includes mining


Employment Outlook

Local labor market improvement sluggish

Continued slow improvement likely

Blips along the way

Fort Huachuca/defense budget will have large impact


Housing and Real Estate


Cochise county New Home Construction

Single Family Residential Building Permits

* Projected


Home Sales

* Projected


Median Home Price

* Jan-Sep only


Outlook

  • New residential construction still declining countywide

  • Bisbee historically has had low levels of new residential construction

  • Boost to sales volume from foreclosures/ lower prices/lower interest rates

  • Foreclosures appear to be clearing


Conclusion

Moving in the right direction, but slowly

Local retail sales show promise

Accommodation continues to struggle countywide and in Bisbee

Restaurant and bar trending downward countywide but upward in Bisbee

Countywide, defense spending cuts pose largest threat

Labor market improvement slow

Home sales picking up, construction stalled


  • Login