ODOT_December_2008_Forecast - Laserfiche WebLink

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Table 1: National Economy, Percentage Change in Key Variables Actual Forecast CY CY CY CY CY CY CY 06 07 08 09 10 11 12 CONSUMER PRICE INDEX (CPI) 3.2% 2.9% 4.3% 1.3% 2.1% 2.4% 2.5% EMPLOYMENT 1.8% l.l% -0.1% -1.0% 0.8% 1.7% 1.8% HOUSING STARTS -12.6% -26.0% -29.8% -15.4% 38.1% 31.7% 16.6% POPULATION 1.0% 0.9% 1.0% 1.0% 1.0% 1.0% 1.0% REAL GROSS DOMESTIC PRODUCT (GDP) 2.8% 2.0% 1.5% 0.2% 2.4% 3.1% 3.3% REAL PERSONAL INCOME 4.2% 3.4% 0.7% 1.3% 1.9% 2.9% 3.4% REAL PRICE OF GASOLINE 9.7% 5.4% 14.3% -31.1% 14.7% 11.8% 2.3% UNIT SALES OF NEW AUTOMOBILES 1.5% -2.5% -10.1% 0.2% 9.1% 9.7% 7.5% Table 2: Oregon Economy, Percentage Change in Key Variables Actual Forecast CY CY CY CY CY CY CY 06 07 08 09 10 11 12 EMPLOYMENT--TOTAL 3.0% 1.7% 0.0% -1.5% 0.8% 2.1% 2.4% EMPLOYMENT--HIGH TECHNOLOGY MFG. 1.5% -3.2% -5.0% -4.5% -0.9% 4.4% 0.2% EMPLOYMENT--RETAIL TRADE 2.0% 1.8% 0.2% -2.2% 1.4% 1.4% 2.1% EMPLOYMENT--TRANSPORTATION 2.0% 0.5% -0.1% -1.2% l.l% 1.9% 1.7% EMPLOYMENT--WHOLESALE TRADE 2.6% 0.7% -0.2% -2.6% 0.5% 2.3% 1.9% EMPLOYMENT--WOOD PRODUCTS -0.8% -8.0% -7.5% -7.0% -3.8% 3.5% 4.0% HOUSING STARTS -10.7% -20.9% -40.2% -17.4% 30.3% 24.5% 16.7% POPULATION 1.6% 1.5% 1.3% 1.3% 1.4% 1.3% 1.3% PORTLAND METRO CONSUMER PRICE MEX 2.6% 3.7% 4.0% 2.9% 2.1% 2.3% 2.4% REAL PERSONAL INCOME 5.4% 2.3% 0.0% -0.5% 1.7% 3.3% 3.8% TIMBER HARVEST 9.4% -12.2% -2.7% 0.5% 2.4% 0.5% -0.4% Table 3: Percentage Change in Transactions for Key Transportation Variables Actual Forecast CY CY CY CY CY CY CY 06 07 08 09 10 11 12 MOTOR VEHICLE FUELS (GALLONS) 1.3% -0.3% -3.5% 2.5% 3.6% 1.2% 2.3% ORIGINAL CLASS C LICENSES 1.2% -5.4% -9.9% -3.8% 1.5% 2.4% 2.3% PASSENGER VEHICLE REGISTRATIONS -1.8% 0.9% 0.4% 1.5% 1.5% 1.2% 1.9% TITLE TRANSFERS -3.9% -2.7% -7.7% 7.0% 0.4% -4.9% -2.1% TRUCKING ACTIVITY (WEIGHT-MILE) 1.3% 0.7% -5.3% 0.1% 4.7% 3.4% 2.5% 5