The U.S. Market Post Bankruptcy Where Do We Go From Here? Rebecca A Lindland Director, The Americas
|
|
- Mercy Matthews
- 5 years ago
- Views:
Transcription
1 The U.S. Market Post Bankruptcy Where Do We Go From Here? Rebecca A Lindland Director, The Americas
2 U.S. Economic Overview
3 Economic and Auto Market Overview The Economy Good News: We are at the bottom of the recession; the Bad News: The hole is deep and it will take a long time to dig out Cash for Clunkers helped, but the market really needs the economy to return to health before we see sustained growth Auto credit conditions have become better, but subprime auto lending is still dead Leasing is showing some signs of life, GM has returned to the arena Inventories are now in balance if not even too low in some cases GM and Chrysler must now survive post-bankruptcy, post C4C and pre-recovery The auto recovery will be still be anemic, intensifying competitive pressures
4 U.S. Economy Some Positive Signs (Percent unless otherwise noted / September 2009) Real GDP Growth Employment Growth CPI Inflation Oil Prices (WTI, U.S.$/bbl) Housing Starts mm Federal Funds Rate Dollar (Major Trading 2005=1)
5 Economic Growth Only Returns to Normal in (Percent change) 2009 is horrendous. The economy recovers in 2010, but the recovery is very weak Real GDP Pessimistic (20%) Optimistic (20%)
6 The Housing and Consumer Situation
7 Home Prices Will Decline Through (Year-over-year percent change) FHFA Index Median Existing Home Price, NAR
8 Home Sales Probably Near Bottom (Millions of units) (Millions of units) New Home Sales (Left scale) Existing Home Sales (Right scale)
9 Housing Starts Will Hit Bottom in (Millions of units) Single-Family Multi-Family
10 Mostly Bad News For Consumer Finances Negative Forces Job Losses Declining Housing Wealth Stock Market Losses Tight Credit High Debt Burdens Low Saving Rate Positive Forces Low Energy Prices Fiscal Stimulus Stock Price Rally
11 Consumer Sentiment and Spending 9 (Annual percent change) (Michigan Index, 1966=100) Real Consumption Growth Consumer Sentiment
12 Auto Market Overview
13 Cash for Clunkers (CARS) Economic Impact C4C was far more successful than many expected 690,000 new vehicles were sold under the program in a one month period About two thirds of these sales were pulled ahead from future months But about a third were incremental sales to people who normally buy used cars Show room traffic was at levels not seen in years But it wasn t all good news: The Government s inability to keep up with the program caused many dealers to face cash flow problems Some consumers were forced to wait weeks for their new vehicles after turning in their clunkers Other consumers were disappointed to find that their clunker was disqualified on a technicality Dealers are still waiting for payments from the government Unfortunately, C4C is not likely to prove to be the catalyst necessary to jump start vehicle sales the underlying economics and consumer confidence are still too weak
14 New Vehicle Buyers Average Credit Score Avg. Score Auto lending is beginning to loosen up Jan-05 Jul-05 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 FICO SCORE % UNDER 670 Percent 18% 17% 16% 15% 14% 13% 12% 11% 10% 9% 8% 7% 6% Source: CNW Marketing
15 United States Car and Truck Sales, SAAR 13 (Units in millions) Cars got a big boost from C4C sales but typically have been running about 50/50 each month Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 CARS LT. TRUCKS
16 Lease Share Plummeting truck residuals and tight credit crippled leasing, but GM and Chrysler are coming back into the market with help from GMAC 30 (Percent) Source: CNW Marketing Months
17 U.S. Sales Major Manufacturers Market Share 30% 25% 20% 15% 10% 5% 0% GM FORD CHRYSLER TOYOTA HONDA NISSAN
18 U.S. Sales Asian Manufacturers Market Share 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% HYUNDAI KIA SUBARU MAZDA MITSUBISHI SUZUKI
19 U.S. Sales European Manufacturers Market Share 3.5% 3.0% 2.5% 2.0% 1.5% 1.0% 0.5% 0.0% BMW MINI MB/SMART AUDI VW ALFA PORSCHE
20 3.0 (Millions) Growth In Driving Age Population Ages 16 to 85 Baby boomers started coming into the market in 1962, adding well over 2.5 million drivers per year Gen Y started coming into the market in 1994, adding nearly the same 2.5 million drivers per year Year - to- Year Change Veh Per Driver
21 U.S. Light Vehicle Sales: Relative to Driving-Age Population 11% (Percent) 10% 9% 8% 7% 6% 5% 4% 3% Ages 16 to 85
22 U.S. Light Vehicles Scrappage (Units/ Thousands) Total Vehicles Scrapped - L % of PARC - R 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% Source: R. L. Polk and IHS Global Insight
23 U.S. Light Vehicle Sales Market is not back on track until 2012, a year after the economy recovers (Units in millions) Current Base Pessimistic (20%) Optimistic (20%) Current Outlook 2009: 10.26M units 2010: 11.12M units 2011: 13.75M units 2012: 15.57M units 2013: 16.55M units 2014: 17.02M units 2015: 17.38M units
24 Generational Trends in the Marketplace
25 Evolution Of Consumers Since 1960, eight generations of American consumers have been present in the marketplace: Centennial Generation born Doughboy Generation born Flapper Generation born Depression Generation born Quiet Generation born Baby Boom Generation born Generation X born Generation Y born Generation Z born since 1995
26 300 (In millions) The Mix of Generations in the Market is Constantly Changing Since 2000, the industry has seen the rapid retreat of the Depression Generation from the market by 2014, they will be all out The same time period has seen the arrival of Generation Y into the automotive market as well as Generation X moving into their peak earning years Generation Y Generation Z 150 Generation X Baby Boom Generation 100 Quiet Generation 50 Depression Generation
27 Consumer Profile Gen Y % Depress Gen Y 19% 20% Gen X 20% Baby Boomers 36% Quiets 14% 2005 Gen X 20% Depress 12% Quiets 14% Baby Boomers 34% Gen Y 29% Depress 5% Quiets 13% 57% of market will be 50 or younger Gen Z 12% Quiets 12% Gen X 19% Baby Boomers 34% Gen Y 27% Gen X 18% Baby Boomers 31%
28 Path For Import-Branded Products To prevent a decline in market share, OEMs must capture BOTH Gen X and Gen Y and be working towards Gen Z! Gen X is moving into its peak earning years The leading edge of Gen Y is moving into the life stage where many buy new vehicles But the non-domestics (import brands) already have an advantage: Gen X and Y currently purchase import branded products at a higher rate than any other generation And Gen Y continues to be under influence from their Baby Boomer parents who have very high purchasing rates 70% 65% 60% 55% 50% 45% 40% 35% 30% 25% 20% 47% 55% 60% 64% 66% Depression Quiets Boomers Gen X Gen Y Take Rates of Import-Branded Products by Generation Source: Strategic Vision
29 So What Will Be The Likely Impact Of Generations X and Y? OEMs will likely lose share as Gen X and Gen Y begin to dominate the market unless they can find a way to connect strongly with both Gen X and Gen Y Brands like Volkswagen, Honda and Nissan could enjoy significant share increases since they appeal to both Generations X and Y Premium brands like BMW and Audi could be propelled upward by Gen X and by more affluent Gen Y s who can t wait for premium Longer term, as more Gen Y s enter the premium market, some unexpected brands like Cadillac could see a significant sales increase Cadillac is new for this generation and their parents don t drive them Gen Y reveres their grandparents and their grandparents style as they find their adult look
30 Thank You! Rebecca A. Lindland Director, The Americas
US Light Vehicle Outlook. George Magliano Senior Principal Auto Economist Americas, HIS May 31, 2012
US Light Vehicle Outlook George Magliano Senior Principal Auto Economist Americas, HIS May 31, 2012 External Shocks to The Global Auto Industry - A Critical Timeline Sub-Prime Crisis Bear Sterns Oil Hits
More informationBuckle Up for a Roller-Coaster Ride
Buckle Up for a Roller-Coaster Ride Michelle Krebs Executive Analyst INVENTORY SOLUTIONS RETAIL SOLUTIONS FINANCIAL SOLUTIONS MOBILITY SOLUTIONS Light Vehicle Market Outlook February 2019 1968 1970 1972
More informationU.S. Auto Industry Chartbook 2Q18
U.S. Auto Industry Chartbook 2Q18 / 1 U.S. Auto Industry Chartbook 2Q18 July 2018 Key Messages Sales remain resilient backed by robust economic growth Automakers continue to benefit from consumers favoring
More informationCurves On The Road Ahead
Curves On The Road Ahead Light Vehicle Market Outlook November 2018 Charles Chesbrough Senior Economist A g e n d a Economic Outlook and New Vehicle Sales Affordability Threat and the Used Vehicle Market
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Nigel Gault Chief U.S. Economist, IHS Global Insight FTA Revenue Estimation & Tax Research Conference Charleston, West Virginia October 17, 2011 What Has Happened to the Recovery?
More informationCanadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States?
Canadian Teleconference: Can the Canadian Economy Survive the Turmoil in the United States? Nigel Gault Chief U.S. Economist Dale Orr Canadian Macroeconomic Services Copyright 2008 Global Insight, Inc.
More informationU.S. Auto Industry Chartbook 4Q18
U.S. Auto Industry Chartbook 4Q18 / 1 U.S. Auto Industry Chartbook 4Q18 January 2019 Key Messages Auto sales closed 2018 at 17.2 million units, virtually unchanged from the previous year Robust economic
More informationSteel: A Buyer s Market for the Worst of Reasons. John Anton Director, IHS Global Insight Steel Service August 2009
Steel: A Buyer s Market for the Worst of Reasons John Anton Director, IHS Global Insight Steel Service August 2009 The U.S. Recession Is Bottoming Out This recession has been the most severe of the postwar
More informationU.S. AUTO INDUSTRY UPDATE Federal Reserve Bank of Chicago Automotive Outlook Symposium. Emily Kolinski Morris Chief Economist May 2015
U.S. AUTO INDUSTRY UPDATE Federal Reserve Bank of Chicago Automotive Outlook Symposium Emily Kolinski Morris Chief Economist May 2015 NORTH AMERICA INDUSTRY VOLUME SUMMARY 13.1 Total North America* (Mils.)
More informationMexican Light Vehicle Outlook
Mexican Light Vehicle Outlook Presented to: LXXXVI Junta Automotriz 9 July 2008 Presented by: Guido Vildozo Senior Market Analyst, Latin America Copyright 2008 Global Insight, Inc. 1 Global Light Vehicle
More informationThe Auction Market In 2015 & 2016 Review & Forecast. Dr. Ira Silver NAAA Economist
The Auction Market In 2015 & 2016 Review & Forecast Dr. Ira Silver NAAA Economist silver@naaa.com Agenda Economic conditions Economic outlook Light vehicle sales Light vehicle sales outlook NAAA 2015 Annual
More informationNorth America Light Vehicle Outlook
North America Light Vehicle Outlook July 18, 2012 Guido Vildozo Manager, Latin America IHS Automotive Presentation Outline Global Vehicle Sales Forecasts North America Overview Mexico Brazil Summary Copyright
More informationMUSTAFA MOHATAREM Chief Economist, General Motors
MUSTAFA MOHATAREM Chief Economist, General Motors INTRODUCTION The U.S. economy continues to grow at a gradual but also erratic pace The current recovery is one of the slowest in the post-wwii U.S. history.
More informationFriday, May 22, NAR Convention
NAR Convention 5-14-09 NAR Convention 5-14-09 Lawrence Yun, NAR Chief Economist NAR Marketing Tips!Provide Market Data to buyers!forbes Buyer Survey: Now good time to buy home!best Banner Ads: 1. Has Market
More informationEconomy On The Rebound
Economy On The Rebound Robert Johnson Associate Director of Economic Analysis November 17, 2009 robert.johnson@morningstar.com (312) 696-6103 2009, Morningstar, Inc. All rights reserved. Executive
More informationFuture Global Trade Trends - Risks & Opportunities. Pulse of the Ports: Peak Season Forecast March 21, 2013
1 Future Global Trade Trends - Risks & Opportunities Pulse of the Ports: Peak Season Forecast March 21, 2013 June 2012 Dr. Walter Kemmsies Chief Economist Summary Higher economic growth in 2013, possible
More informationThe U.S. Economic Outlook
The U.S. Economic Outlook Presented to: Maquiladora Industry Outlook Conference September 29 2006 Presented by: Patrick Newport Principal, U.S. Macroeconomic Service 781-301-9125 patrick.newport@globalinsight.com
More informationA comment on recent events, and...
A comment on recent events, and... where we are in the current economic cycle November 15, 2016 Mark Schniepp Director Likely Trump Policies $4 to $5 Trillion in tax cuts over 10 years to corporations,
More informationGlobal economy maintaining solid growth momentum. Canada leading the pack
Global economy maintaining solid growth momentum Canada leading the pack Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com September 2017 Brighter global outlook gains traction
More informationThe World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review
The World and U.S. Economy and San Pedro Bay Container Trade Outlook Forecast Review Michael Keenan Harbor Planning and Economic Analyst Port of Los Angeles October 5, 2009 Review of 2007 Container Trade
More informationBabson Capital/UNC Charlotte Economic Forecast. May 13, 2014
Babson Capital/UNC Charlotte Economic Forecast May 13, 2014 Outline for Today Myths and Realities of this Recovery Positive Economic Signs Negative Economic Signs Outlook for 2014 The Employment Picture
More informationThe Global Economy: Sustaining Momentum
The Global Economy: Sustaining Momentum David J. Stockton Senior Fellow Peterson Institute for International Economics Chief Economist Monetary Policy Analytics October 5, 2017 What s Driving the Global
More informationU.S. Overview. Gathering Steam? Tuesday, October 1, 2013
U.S. Overview Gathering Steam? Tuesday, October 1, 2013 Uneven global economic recovery Annual real GDP growth projections (%) Projections 2013 2014 World 3.1 3.1 3.8 United States 2.2 1.7 2.7 Euro Area
More informationThe evolving geography of the North American auto industry
The evolving geography of the North American auto industry Automotive Policy Research Centre McMaster University Hamilton, Canada November 18, 2014 Thomas Klier Federal Reserve Bank of Chicago Thomas.klier@chi.frb.org
More informationCAR MANAGEMENT BRIEFING SEMINARS. August 1, 2017
Retooling For Growth in a Dynamic Market CAR MANAGEMENT BRIEFING SEMINARS August 1, 2017 Mike Jackson Executive Director, Strategy and Research Original Equipment Suppliers Association mjackson@oesa.org
More informationThe U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services
The U.S. Economy How Serious A Downturn? Nigel Gault Group Managing Director North American Macroeconomic Services Growth Is Cooling; But a Soft Landing Is Likely (Real GDP, annualized rate of growth)
More informationThe US Economic Outlook
IHS ECONOMICS US Outlook The US Economic Outlook November 2014 ihs.com Rafael Amiel, Director latin America Economics +1 215 789 7405, rafael.amiel.ihs.com 2014 IHS The US economy is gaining momentum Growth
More informationSteel Market Outlook. AM/NS Calvert
Steel Market Outlook AM/NS Calvert Agenda Economic indicators Key steel consuming markets and forecasted demand Steel consumptions trends Global steel markets and raw materials Comments on trade 1 U.S.
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Update.
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Update February 26, 2013 The Worst Recession Since the Great Depression 0% Loss from Peak
More informationPaul Bingham Managing Director, Global Trade and Transportation February 18, 2009
Economic Outlook and Ports Paul Bingham Managing Director, Global Trade and Transportation February 18, 2009 The Outlook for Trade Depends on Goods Demand Integrated international supply-chains offer efficiencies
More informationThe U.S. Economic Recovery: Why so weak and what should be done? William J. Crowder Ph.D.
The U.S. Economic Recovery: Why so weak and what should be done? William J. Crowder Ph.D. Weak Recovery? It s no secret that the U.S. economy has still not fully recovered from the financial crisis and
More informationEconomic Outlook for Canada: Economy Confronting Capacity Limits
ECONOMICS I RESEARCH Economic Outlook for Canada: Economy Confronting Capacity Limits Presentation to the Responsible Distribution Canada 32 nd Annual General Meeting May 29, 2018 Paul Ferley (Assistant
More informationGlobal Economic Outlook
Global Economic Outlook Mark A. Wynne Vice President & Associate Director of Research Director, Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas Presentation to Vistas Conference
More informationHouston and Tomball Economic and. Housing Outlook. recenter.tamu.edu. Dr. James P. Gaines Research Economist
Houston and Tomball Economic and Dr. James P. Gaines Research Economist Housing Outlook recenter.tamu.edu THE CURRENT SITUATION The Future Just Ain t What It Used to Be! Yogi Berra National Economic Recovery
More informationEconomic Outlook March Economic Policy Division
Economic Outlook March 212 Economic Policy Division Real GDP Outlook Percent Change, Annual Rate 2 1 1 - -1 197 197 198 198 199 199 2 2 21 U.S. GDP Actual and Potential Quarterly, Q1 197 to Q4 211 Real
More informationBob Costello Chief Economist & Vice President American Trucking Associations. Economic & Motor Carrier Industry Trends. September 10, 2013
Bob Costello Chief Economist & Vice President American Trucking Associations Economic & Motor Carrier Industry Trends September 10, 2013 The Freight Economy Washington continues to be a headwind on economic
More informationDr. James P. Gaines Research Economist recenter.tamu.edu
Texas Uncertain Economy in a World of Uncertain Oil Prices Dr. James P. Gaines Research Economist recenter.tamu.edu National Economic Recovery still Going 2 U.S. Outlook Expected GDP growth still modest:
More informationNorth America Light Vehicle Outlook
North America Light Vehicle Outlook October 3, 2012 Guido Vildozo Manager, Latin America IHS Automotive Presentation Outline Global Vehicle Sales Forecasts North America Overview United States Mexico Summary
More informationNorth American Forging Shipment Forecast (Using FIA bookings information through December 2013)
North American Forging Shipment Forecast 2014-2018 (Using FIA bookings information through December 2013) Percent Change Year Ago Best leading indicator combination for impression die bookings used to
More informationU.S Cement Outlook IEEE. Ed Sullivan Group VP, Chief Economist
U.S Cement Outlook IEEE Ed Sullivan Group VP, Chief Economist 1 Construction Activity Billion Real $ 1,400 1,200 1,000 2014 = 2.5% 2015 = 5.6% 800 600 400 200 0 12 Year Peak-to- Peak Recovery 1998 2000
More informationCanada s economy on track for a solid 2018 although policy uncertainty lingers
Canada s economy on track for a solid 2018 although policy uncertainty lingers Dawn Desjardins (Deputy Chief Economist) (416) 974-6919 dawn.desjardins@rbc.com March 2018 Canada is facing a challenging
More informationThe ABA Advantage: Economic Issues Update & ABA Resources
The ABA Advantage: Economic Issues Update & ABA Resources aba.com 1-800-BANKERS Meet the team Jim Chessen Chief Economist Curtis Dubay Senior Economist Brittany Kleinpaste Vice President of Economic Policy
More informationBig Changes, Unknown Impacts
Big Changes, Unknown Impacts Boulder Economic Forecast Place cover image here Richard Wobbekind Senior Economist and Associate Dean for Business and Government Relations January 17, 2018 Real GDP Growth
More informationMexican Light Vehicle Outlook
Mexican Light Vehicle Outlook LXXXIII Junta Automotriz CIEMEX March 2008 George M. Magliano Director of Auto Industry Americas Guido Vildozo Senior Market Analyst South America Pascual Francisco Senior
More informationNational and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
National and Virginia Economic Outlook Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business October 24, 2018 The forecasts and commentary do not constitute
More informationMore of the Same; Or now for Something Completely Different?
More of the Same; Or now for Something Completely Different? C2ER Place cover image here Richard Wobbekind Chief Economist and Associate Dean for Business and Government Relations June 14, 2017 Real GDP
More informationOutline. Overview of globalization. Global outlook for real economic activity & inflation. Risks to the outlook
2017 International Economic Outlook Everett Grant Research Economist Globalization & Monetary Policy Institute Federal Reserve Bank of Dallas October 2017 The views expressed are those of the author and
More informationEconomic Overview. Melissa K. Peralta Senior Economist April 27, 2017
Economic Overview Melissa K. Peralta Senior Economist April 27, 2017 TTX Overview TTX functions as the industry s railcar cooperative, operating under pooling authority granted by the Surface Transportation
More informationMBA Economic and Mortgage Finance Outlook
MBA Economic and Mortgage Finance Outlook MBA of Alabama Annual Conference June 7, 2017 Presented by Lynn Fisher Mortgage Bankers Association 1 Summary of the MBA Outlook 2016 2017 2018 2019 GDP Growth
More informationPost-Bubble Global Trends. AAPA Webinar. February 18, Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group
Post-Bubble Global Trends AAPA Webinar February 18, 2009 Dr. Walter Kemmsies, Chief Economist Moffatt & Nichol Commercial Analysis Group Takeaways The world economy is circling the drain World is wealthier
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six years of steady growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half Full
More informationFrom Recession to Recovery
From Recession to Recovery Monday, April 26, 2010 8:00 AM - 9:15 AM Moderator Michael Klowden, President and CEO, Milken Institute Speakers Mohamed El-Erian, CEO and Co-Chief Investment Officer, Pacific
More informationEconomic Update and Outlook
Economic Update and Outlook NAIOP Vancouver Chapter November 15, 2012 Helmut Pastrick Chief Economist Central 1 Credit Union Outline: Global, U.S., and Canadian economic conditions Canada economic and
More informationKey Automotive Trends Impacting the North American Aftermarket. Mark Seng Global Aftermarket Practice Leader May 1, 2018
Key Automotive Trends Impacting the North American Aftermarket Mark Seng Global Aftermarket Practice Leader May 1, 2018 Agenda > New Sales plateauing at record levels > Vehicles-in-Operation (VIO) continues
More information10 County Conference. Richard Wobbekind. Executive Director Business Research Division & Senior Associate Dean Leeds School of Business
10 County Conference Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business Hmm... (http://myfallsemester.blogspot.com) Real GDP Growth Percent
More informationGlobal Economic Outlook. Kellie Maske, Sr. Economics Fellow FedEx Corporate Economics September 2011
Kellie Maske, Sr. Economics Fellow FedEx Corporate Economics U.S. Outlook: Moderate Growth Overall 6 4 US Real GDP Growth 2 % Change 0 (2) (4) Forecast (6) (8) Bars = QOQ% Annualized Line = YOY% (10) 2005
More informationEconomic and Real Estate Outlook
Economic and Real Estate Outlook By Lawrence Yun, Ph.D. Chief Economist, National Association of REALTORS Presentation at Charlottesville Area Association of REALTORS October 13, 2016 1990 1991 1992 1993
More informationDr. James P. Gaines Research Economist. recenter.tamu.edu
Dr. James P. Gaines Research Economist recenter.tamu.edu National Economic Recovery still Going 2 National Issues Expected GDP growth still modest: 2015 2.5%; personal consumption 2.5% Inflation not worrisome:
More informationGlobal economy s strong momentum intact despite elevated level of uncertainty. Canada headed for another year of solid growth
ECONOMICS I RESEARCH Global economy s strong momentum intact despite elevated level of uncertainty Canada headed for another year of solid growth Dawn Desjardins (Deputy Chief Economist) (416) 974-6919
More informationU.S. and Colorado Economic Outlook National Association of Industrial and Office Parks. Business Research Division Leeds School of Business
U.S. and Colorado Economic Outlook National Association of Industrial and Office Parks Presented by the Business Research Division Leeds School of Business University of Colorado at Boulder U.S. Economic
More informationTexas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office
Texas Economic Outlook: Recovery in 2010 Keith Phillips Federal Reserve Bank of Dallas San Antonio Office The views expressed in this presentation are strictly those of the author and do not necessarily
More informationThe Economic Outlook. Economic Policy Division
The Economic Outlook Economic Policy Division Glass Half Full Six plus years of moderate growth Real GDP Outlook Percent Change, Annual Rate 10 5 0-5 -10 1980 1985 1990 1995 2000 2005 2010 2015 Glass Half
More informationNational and Regional Economic Outlook. Central Southern CAA Conference
National and Regional Economic Outlook Central Southern CAA Conference Dr. Mira Farka & Dr. Adrian R. Fleissig California State University, Fullerton April 13, 2011 The Painfully Slow Recovery The Painfully
More informationAgriculture and the Economy: A View from the Chicago Fed
Agriculture and the Economy: A View from the Chicago Fed March 3, 2016 Riverside, Iowa David Oppedahl Senior Business Economist 312-322-6122 david.oppedahl@chi.frb.org Federal Reserve System Twelve District
More informationWill 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services
Will 2016 Be the Last Hurrah for Commercial Real Estate? Presented By: John Chang First Vice-President Marcus & Millichap Research Services Rising Uncertainty Creating Headwinds for Commercial Real Estate
More informationWenlin Liu, Senior Economist. Stateof Wyoming. Economic Analysis Division State of Wyoming 1
WYOMING DEMOGRAPHIC AND ECONOMIC TREND LCCC LIFE Program April 7, 2012 Cheyenne, Wyoming Wenlin Liu, Senior Economist Economic Analysis Division Stateof Wyoming Economic Analysis Division State of Wyoming
More informationEconomic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business
Economic Update and Prospects for 2019 Professor Robert M. McNab Dragas Center for Economic Analysis and Policy Strome College of Business January 3, 2019 The forecasts and commentary do not constitute
More informationPresentation from the USDA Agricultural Outlook Forum 2017
Presentation from the USDA Agricultural Outlook Forum 2017 United States Department of Agriculture 93 rd Annual Agricultural Outlook Forum A New Horizon: The Future of Agriculture February 23-24, 2017
More informationTrade Growth - Fundamental Driver of Port Operations and Development Strategies
Trade Growth - Fundamental Driver of Port Operations and Development Strategies Marine Terminal Management Training Program October 15, 2007 Long Beach, CA Paul Bingham Global Insight, Inc. 1 Agenda Economic
More informationZions Bank Economic Overview
Zions Bank Economic Overview Kenworth National Dealers Conference November 8, 2018 1 National Economic Conditions 2 Volatility Returns to the Stock Market 27,000 Dow Jones Industrial Average October 10,
More informationThe United States: Fiscal Facts and Fantasies. Presented by: Nigel Gault Chief U.S. Economist IHS Global Insight
The United States: Fiscal Facts and Fantasies Presented by: Nigel Gault Chief U.S. Economist IHS Global Insight Subdued Recovery: Tailwinds Battling Headwinds The U.S. Recovery: Tailwinds More sectors
More informationTrade and Economic Trends
Trade and Economic Trends Marine Terminal Management Training Program Paul Bingham Managing Director, Global Commerce & Transportation IHS Global Insight Long Beach, CA September 21, 2009 The Global Recession
More informationThe U. S. Economic Outlook: Robert J. Gordon
The U. S. Economic Outlook: Upside and Risks Robert J. Gordon Ottawa a Economics Association Ottawa, a, September 14, 2017 Immigration Medical Care My Policy Package: Be Like Canada d University Tuition
More informationLarry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee
Larry Kessler, Ph.D. Boyd Center for Business & Economic Research University of Tennessee The U.S. economy has now enjoyed 7 years of economic growth since the Great Recession Real GDP grew by 1.2% in
More informationGulf Container Trade Outlook for 2017 and Beyond
Gulf Container Trade Outlook for 2017 and Beyond Houston, May 15, 2017 Mario.Moreno@ihsmarkit.com Agenda Gulf coast imports: top sourcing regions, fastest growing commodities, demand drivers and outlook.
More information2015 Economic Forecast & Industry Outlook. Robert A. Kleinhenz, Ph.D. Chief Economist, Kyser Center for Economic Research, LAEDC October 8, 2014
2015 Economic Forecast & Industry Outlook Robert A. Kleinhenz, Ph.D. Chief Economist,, LAEDC October 8, 2014 Outline U.S. Economy California Economy Southern California Economy & Industries Five-Year Outlook
More informationEconomic Growth in the Trump Economy
Economic Growth in the Trump Economy Presented to State Data Center Conference William F. Fox, Director November 18, 2016 GDP Grows, Though Slowly 10.0 8.0 Percentage Change, Previous Qtr, SAAR 6.0 4.0
More informationrecenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University
recenter.tamu.edu Dr. James P. Gaines Research Economist Real Estate Center at Texas A&M University Area Market Reports RECENTER.TAMU.EDU Tierra Grande Economic Review Videos, Audios & Presentations Data,
More informationCommodity Market Outlook: Corn, Forage, Wheat & Cattle
Commodity Market Outlook: Corn, Forage, Wheat & Cattle Stephen R. Koontz Professor & extension economist Department of Agricultural & Resource Economics Colorado State University Stephen.Koontz@ColoState.Edu
More informationRISI Housing Report An Update on the Housing Market
RISI Housing Report An Update on the Housing Market North American Conference October 2018 Jennifer Coskren Senior Economist Agenda Current housing demand and demographic conditions Supply and impediments
More informationClient Alert Trump Trade Policy Potential Vehicle Assembly Exposure and Risk in North America
Client Alert Trump Trade Policy Potential Vehicle Assembly Exposure and Risk in North America 17 January 2017 Executive Summary Manufacturing in Mexico, Canada, or outside the US in general, has come under
More informationReal Estate and Economic Outlook
Real Estate and Economic Outlook Lawrence Yun, Ph.D. Chief Economist NATIONAL ASSOCIATION OF REALTORS Presentation at Inforum Outlook Conference University of Maryland College Park, MD December 12, 2013
More informationSpring Time for Housing
Spring Time for Housing Arizona State University December 2 nd, 2015 Presented By: Elliott D. Pollack CEO, IN PHOENIX 1 2 The World has Changed Pre-2007 Post-2007 3 Employment Growth From Bottom of Recession
More informationDr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder
Dr. Richard Wobbekind Executive Director, Business Research Division and Senior Associate Dean for Academic Programs University of Colorado Boulder Member FDIC VectraBank.com Economic Outlook 2015 Richard
More informationGlobal growth prospects
Global growth prospects Percent 6 Advanced Economies Emerging Markets and Developing Economies 5 4.9 5.0 4.7 4.7 4.5 4 4.3 4.3 3.7 3.7 3 2 2.3 2.3 2.2 2.0 2.0 1.7 1.7 1 1.1 1.3 0 2012 2013 2014 2015 2016
More informationAs Good as it Gets. The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International
As Good as it Gets The Aging Expansion Powers On... but for How Much Longer? Andrew J. Nelson Chief Economist USA, Colliers International #NMHCstudent @ApartmentWire Ten Years After: A Full if Imperfect
More informationThe Ongoing Recession: How Long and How Deep? Robert J. Gordon Northwestern University and NBER BAC Meeting October 22, 2008
The Ongoing Recession: How Long and How Deep? Robert J. Gordon Northwestern University and NBER BAC Meeting October 22, 2008 No Debate About Recession (1) So Why Hasn t the Recession been Officially Declared?
More informationUnited Nations Conference on Trade and Development
United Nations Conference on Trade and Development 11 th MULTI-YEAR EXPERT MEETING ON COMMODITIES AND DEVELOPMENT 15-16 April 2019, Geneva Saudi economic growth strategy on the face of oil price uncertainty
More informationCALIFORNIA STATE UNIVERSITY LONG BEACH. Southern California Regional Economic Forecast
CALIFORNIA STATE UNIVERSITY LONG BEACH Southern California Regional Economic Forecast Lisa M. Grobar, Ph.D. Director, CSULB Economic Forecast Project Office of Economic Research 2009: A terrible year for
More informationShifting International Trade Routes A National Economic Outlook. February 1, 2011
Shifting International Trade Routes A National Economic Outlook February 1, 2011 Today s Objectives Endeavor to provide a broad context for today s program by briefly touching on: Some good news Some not
More informationState of American Trucking
State of American Trucking October 11, 2018 Rod Suarez Economic Analyst American Trucking Associations rsuarez@trucking.org Business Cycles U.S. Expansions Duration October 1949 - July 1953 May 1954 -
More informationSouthwest Ohio Regional Economy in Context. Richard Stock, PhD. Business Research Group
Southwest Ohio Regional Economy in Context Richard Stock, PhD. Business Research Group State of the Metro Area (in January Each Year) Total Employment has slowly increased in the last three years after
More information11 th Annual Oregon Economic Forum!
11 th Annual Oregon Economic Forum! (almost) Beyond! Macroeconomics Portland, OR! October 16, 2014! Expansion Continues! Five Years and More!! Recession Indicators Nonfarm Payrolls Real Personal Income
More informationNorth American Powertrain Outlook
IHS AUTOMOTIVE North American Powertrain Outlook UMTRI Focus on the Future Automotive Research Conferences ihs.com Powertrain Strategies for the 21 st Century: Revolution and Evolution Wednesday, July
More informationPROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION
PROVINCE OF SASKATCHEWAN INVESTOR PRESENTATION May 2018 THE SASKATCHEWAN DIFFERENCE Economic Stability Diversified economy balances cyclicality of resources Growing population Majority government with
More informationTHE MOST INFORMATIVE EVENT COVERING REAL ESTATE INVESTMENTS
THE MOST INFORMATIVE EVENT COVERING REAL ESTATE INVESTMENTS 2014 U.S. Economic, Capital Markets, and Retail Market Overview and Outlook Retail Trends 2014 U.S. Economic Overview and Outlook Total Employment
More informationThe Herzliya Conference The Economic Dimension Prof. Rafi Melnick Provost, Interdisciplinary Center (IDC) Herzliya
The Herzliya Conference The Economic Dimension 2009 Provost, Interdisciplinary Center (IDC) Herzliya The Big Issues The broken crystal ball A crisis that happens once in 100 years From a country oriented
More informationMARKET AND CAPACITY UPDATE. Matthew Marsh September 2016
MARKET AND CAPACITY UPDATE Matthew Marsh September 2016 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
More information2014 Economic Forecast: Boulder & Beyond. Keynote Presentation
2014 Economic Forecast: Boulder & Beyond Keynote Presentation Business Research Division Richard Wobbekind Executive Director Business Research Division & Senior Associate Dean Leeds School of Business
More information2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE
2019 ECONOMIC FORECAST AND FINANCIAL MARKET UPDATE January 14, 2019 Scott Colbert, CFA Executive Vice President Director of Fixed Income & Chief Economist scott.colbert@commercebank.com GLOBAL GROWTH EXPECTATIONS
More information