Forecasts
Details Iowa Revenue Growth Forecast
Forecast Summary - March 2012
The consensus forecast published in the Blue Chip Economic Indicators (March 10th, 2012) is for real GDP growth of 2.3% in 2012 (up from 2.2 in December 2011) and for 2.6% growth in 2013. The Blue Chip consensus forecast is for a 2012 unemployment rate of 8.2% (down from 8.8% in December) and a 2013 unemployment rate of 7.8%. The Consumer Price Index is predicted to increase by 2.2% in 2012 (up from 2.1% in December) and by 2.2% in 2013. The GDP Deflator is predicted to increase by 1.8% in 2012 (down from 1.9% in December) and by 1.9% in 2013.
The Institute for Economic Research income forecasts are based on data through the third quarter of 2011 for the state and the fourth quarter of 2011 for the nation. Personal Income in Iowa is expected to grow by 2.2% in 2012 (down from 2.5% in December,) 2.9% in 2013(up from 2.4% in December) and 3.1% in 2014. The forecast for Real Personal Income growth (personal income growth adjusted for inflation) is -0.1% in 2012 (down from 0.6% in December,) 1.3% in 2013 (unchanged from December,) and 1.8% in 2014.
Our employment growth forecast for 2012 (based on data through January 2012 for the state and January 2012 for the nation) is 0.5% (down from 1.0% in December), and for 2013, the employment growth forecast is -0.1%.
Details Iowa Revenue Growth Forecast
Forecast Summary - December 2011
The consensus forecast published in the Blue Chip Economic Indicators (December 10th, 2011) is for real GDP growth of 1.7% in 2011 (unchanged from October 2011) and for 2.2% growth in 2012 (up from 2.0% in October.) The Blue Chip consensus forecast is for a 2011 unemployment rate of 9.0% (down from 9.1% in October) and a 2012 unemployment rate of 8.8% (down from 9.0% in October.) The Consumer Price Index is predicted to increase by 3.2% in 2011 (unchanged from October) and by 2.1% in 2012 (down from 2.2% in October.) The GDP Deflator is predicted to increase by 2.2% in 2011 (up from 2.1% October) and by 1.9% in 2012 (up from 1.8% in October.)
The Institute for Economic Research income forecasts are based on data through the second quarter of 2011 for the state and the third quarter of 2011 for the nation. Personal Income in Iowa is expected to grow by 6.3% in 2011 (down from 6.4% in October,) 2.5% in 2012 (down from 2.9% in October,) and 2.4% in 2013. The forecast for Real Personal Income growth (personal income growth adjusted for inflation) is 4.1% in 2011 (down from 4.2% in October,) 0.6% in 2012 (down from 0.8% in October,) and 1.3% in 2013 (down from 1.5% October.)
Our employment growth forecast for 2011 (based on data through October 2011 for the state and September 2011 for the nation) is 0.9% (down from 1.1% in October), and for 2012, the employment growth forecast is 1.0% (down from 1.4% in October).
Details Iowa Revenue Growth Forecast
Forecast Summary - October 2011
The consensus forecast published in the Blue Chip Economic Indicators (October 10th, 2011) is for real GDP growth of 1.7% in 2011 (down from 1.8% in August 2011) and for 2.0% growth in 2012 (up from 1.8% in August). The Blue Chip consensus forecast is for a 2011 unemployment rate of 9.1% (down from 9.0% in August) and a 2012 unemployment rate of 9.0% (up from 8.7% in August). The Consumer Price Index is predicted to increase by 3.1% in 2011 (up from 3.0% in August) and by 2.2% in 2012 (unchanged from August). The GDP Deflator is predicted to increase by 2.1% in 2011 (unchanged from August) and by 1.8% in 2012 (down from 1.9% in August).
The Institute for Economic Research income forecasts are based on the data through the second quarter of 2011 for the state and the nation. Personal Income in Iowa is expected to grow by 6.4% in 2011 (up from 4.2% in July), 2.9% in 2012 (up from 2.8% in July), and 2.8% in 2013. The forecast for Real Personal Income growth (personal income growth adjusted for inflation) is 4.2% in 2011 (up from 2.4% in July), 0.8% in 2012 (down from 1.4% in July), and 1.5% in 2013 (down from 1.9% July).
Our employment growth forecast for 2011 (based on the data through July 2011 for the state and September 2011 for the nation) is 1.1% (down from 1.2% in July), and for 2012, the employment growth forecast is 1.4%, down from 1.5% in July
Details Iowa Revenue Growth Forecast
Forecast Summary - March 2011
The consensus forecast published in the Blue Chip Economic Indicators (February 10th, 2011) is for real GDP growth of 3.2% in 2011 (up from the 2.5% forecast made in December 2010) and for 3.3% growth in 2012. The Blue Chip consensus forecast is for a 2011 unemployment rate of 9.3% (down from 9.4% in December) and a 2012 unemployment rate of 8.6%. The Consumer Price Index is predicted to rise by 1.9% in 2011 (up from 1.5% in December) and by 2.0% in 2012. The GDP Deflator is predicted to rise by 1.4% in 2011 (down from 1.5% in December) and by 1.7% in 2012.
The Institute for Economic Research income forecasts are based on data through the third quarter of 2010 for the state and the fourth quarter of 2010 for the nation. Personal Income in Iowa is expected to grow by 3.9% in 2010 (up from 2.8% in December), 3.9% in 2011 (up from 3.3% in December), and 4.0% in 2012 (up from 3.2% in December). The forecast for Real Personal Income growth (personal income growth adjusted for inflation) is 2.8% in 2010 (up from 1.7% in December), 1.7% in 2011 (up from 1.5% in December), and 2.1% in 2012 (unchanged from December).
Our employment growth forecast for 2011 (based on the data through December 2010 for the state and January 2011 for the nation) is 1.4% (up from 1.3% in December), and for 2012, the employment growth forecast is 1.7% (up from 1.5% in December).
Details Iowa Revenue Growth Forecast
Forecast Summary - December 2010
The consensus forecast published in the Blue Chip Economic Indicators (November 10th, 2010) is for real GDP growth of 2.7% in 2010 (unchanged from the forecast made in October 2010) and for 2.5% growth in 2011 (also unchanged). The Blue Chip consensus forecast is for a 2010 unemployment rate of 9.6% (unchanged from October) and a 2011 unemployment rate of 9.4% (up from 9.3% in October). The Consumer Price Index is predicted to rise by 1.6% in 2010 (unchanged from October) and by 1.5% in 2011 (also unchanged). The GDP Deflator is predicted to rise by 1.0% in 2010 (up from 0.9% in October) and by 1.5% in 2011 (up from 1.4% in October).
The Institute for Economic Research income forecasts are based on the data through the second quarter of 2010 for the state and the nation. Personal Income in Iowa is expected to grow by 2.8% in 2010 (up from 2.7% in October), 3.3% in 2011 (up from 2.9% in October), and 3.2% in 2012 (up from 2.6% in October). The forecast for Real Personal Income growth (personal income growth adjusted for inflation) is 1.7% in 2010 (unchanged from October), 1.5% in 2011 (up from 1.3% in October), and 2.1% in 2012 (up from 1.9% in October).
Our employment growth forecast for 2010 (based on the data through October 2010 for the state and the nation) is -0.2% (up from -0.6% in October). The employment growth forecast for 2011 is 1.3% (up from 0.6% in October), and for 2012, the employment growth forecast is 1.5% (up from 1.0% in October).
Details Iowa Revenue Growth Forecast
Forecast Summary - October 2010
The consensus forecast published in the Blue Chip Economic Indicators (September 10th, 2010) is for real GDP growth of 2.7% in 2010 (down from the 2.9% forecast made in August 2010) and for 2.5% growth in 2011 (down from 2.8% in August). The Blue Chip consensus forecast is for a 2010 unemployment rate of 9.6% (unchanged from August) and a 2011 unemployment rate of 9.3% (up from 9.1% in August). The Consumer Price Index is predicted to rise by 1.6% in 2010 (unchanged from August) and by 1.5% in 2011 (also unchanged). The GDP Deflator is predicted to rise by 0.9% in 2010 and by 1.4% in 2011 (both unchanged since August).
The Institute for Economic Research income forecasts are based on data through the second quarter of 2010 for the state and the nation. Personal Income in Iowa is expected to grow by 2.7% in 2010 (down from 2.9% in September), 2.9% in 2011 (up from 2.1% in September), and 2.6% in 2012. The forecast for Real Personal Income growth (personal income growth adjusted for inflation) is 1.7% for 2010 (down from 2.1% in September), 1.3% in 2011 (down from 1.5% in September) and 1.9% in 2012.
Our employment growth forecast for 2010 (based on the data through August 2010 for the state and the nation) is -0.6% (down from +0.3% in September). The employment growth forecast for 2011 is 0.6% (down from 2.8% in September), and for 2012, the employment growth forecast is 1%.
