UHERO State Forecast Update: Visitor Industry Still Leading Recovery
Tourism continues to be the primary engine of Hawaii’s recovery. A number of other sectors have turned the corner, and we expect gradually improving performance
Tourism continues to be the primary engine of Hawaii’s recovery. A number of other sectors have turned the corner, and we expect gradually improving performance
Construction has yet to turn the corner in Hawaii, but a pickup is now more clearly in sight. Single-family home construction languishes, but new high-rise
Hawaii’s stop-start recovery continued in the fourth quarter. We are a bit more optimistic about prospects for 2012. A summary of this forecast is available
Hawaii’s county economies turned the corner in 2010, led by rapidly improving visitor sectors. The recovery will broaden and deepen in 2011, but performance will
The Japanese earthquake has led to a pause in visitor industry growth, but unless we see a further spike in oil prices, Hawaii’s economic recovery
As last year’s strong tourism rebound tapers off, Oahu rail transit work will lead to an upturn in construction.
Private construction has largely stabilized in the islands and poised for limited growth. But the big impetus for construction on Oahu will come from rail
Recovery edges forward in the Islands, for now primarily in tourism and mostly on Oahu. But the very rapid tourism rebound will begin to spill
Global economic recovery is proceeding, but in an uneven fashion. The developing Asian countries that were the first to show signs of life last year
Hawaii’s recovery continues, led by a better-than-expected performance from tourism. The visitor industry’s summer strength is sustaining moderate job gains in related sectors.
Hawaii’s construction industry continues to seek a bottom to what has been a bruising downturn. Recent months have brought some encouraging news, but for at
Recovery will take hold across Hawai’i’s four counties during 2010. Visitor numbers have stabilized and will gradually improve as growth strengthens in major tourism markets.
Hawai’i’s economic recovery has begun. Employment is stabilizing, and many sectors will begin to add modest numbers of jobs as the year progresses. While growth
After a deep, synchronized recession, growth is resuming across a broad swath of the global economy. Leading the rebound are the dynamic Asian economies. These
Things are looking up for the U.S. and global economies. Japan returned to growth in the second quarter, and it appears likely that the U.S.