UHERO State Forecast: Tourism Hot, But Broader Growth Still Elusive

12Q3 State Update thumbnail

Hawaii’s recovery is proceeding along two very different tracks. The tourism industry is on a tear, posting impressive rates of growth. With a few exceptions, the rest of the local economy is going nowhere. Nevertheless, the best residential building conditions in years and pending public projects set the stage for a construction upturn in 2013. And once the global gloom lifts, consumer confidence will drive some pickup in non-tourism sectors that have lagged in the recovery so far.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO’s Forecast Project.