Livingston Survey: Bucks Sentiment and Sees Better 2012 Growth

June 10th, 2012
in econ_news

Econintersect: Livingston Survey economists, who conduct a survey by the Federal Reserve Bank of Philadelphia twice a year, project in their June 2012 survey:

  • GDP growth rising from 2.1% (from their last survey) to 2.2% (annual rate) in the first half of 2012
  • GDP growth is then projected to rise from their last projection of 2.5% to 2.6% in the second half of the year.
  • The unemployment rate was last projected to be 8.9% in June 2012, and 8.7% in December 2012 - and is now projected lower at 8.1% and 8.0% respectively.

Follow up:

The following tables show the migration of forecasts since the last survey.

Steven Hansen

Source: Philly Fed

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