Economic forecasts,
for the greater Seattle area.
Consider us your research center, providing you answers in easy to understand language and charts.
Established in 1993, The Puget Sound Economic Forecaster is a quarterly report published by the Center for Economic and Business Research at Western Washington University which acquired the publication in 2017 from its founders, Conway Pedersen Economics, Inc.
The report and website are designed for business executives, marketing directors, investors, government managers, and researchers who need a professional and objective view on the economic prospects for the Puget Sound region (King County, Kitsap County, Pierce County, and Snohomish County).
Our goal is to provide accurate and well-reasoned forecasts for the region as well as clear and insightful observations on important developments in the economy.
In-Depth Regional Economic Outlook
The first issue of the
Puget Sound Economic Forecaster,
a quarterly report,
was published in December 1993.
Each report contains a summary forecast, in-depth discussion of the regional outlook, forecasts and analyses of retail sales and construction and real estate, a special topic (e.g., China and Population Change), a detailed forecast table, and the Puget Sound Index of Leading Economic Indicators.
To facilitate research and analysis on the regional economy, every issue of the regional economic report is archived as a downloadable PDF file in the Subscriber Area. A comprehensive Subject Index of the archived reports has been developed to aid in the retrieval of information.
Reports are posted to the web site one to two weeks before the printed copy is mailed.
Sample Report – Data, Trade and Trends [Volume 27, Number 2, June 2019]
With thoughts of the long warm days of summer on our minds, we have found ourselves interrupted pondering about the price of avocados and how the latest round of tariff threats that may impact retail sales and the general economy overall. Thoughts of spending time at the lake or river have found us considering stream flows and how the change in our climate may impact all of the people and businesses that rely on water in one way or another. Daydreams of patio and deck BBQs have caused us to reflect on changes in house prices and the sudden growth in sales outside of the King County – is it more commuters or are jobs moving? Will the Seattle to Everett corridor retain its worst traffic in the nation ranking? Evidently, economists are bad at not thinking about things. All of the above is ahead in this edition of the Forecaster plus a better understanding of workforce participation and the state forecast. We will just call it the beach edition.
Additional Features
In addition to the Quarterly Report,
we regularly publish
Additional Feature Reports
Breaking News
What We Are Following in the News
Central Banks Tap Most Yuan Swap Lines With PBOC in Two Years. Central banks worldwide had drawn a total of 111.6 billion yuan from the PBOC's foreign‑exchange swap lines by the end of March, marking the steepest quarter‑on‑quarter rise since 2023. The latest increase highlights China's drive for yuan internationalization and countries' increasing openness to reduce reliance on the dollar, with the onshore yuan gaining about 2.9% against the dollar this year. https://buff.ly/2TTsnuT
Bloomberg has an opinion piece out discussing how the massive Ai investments in the US are also pushing inflation up. https://buff.ly/ygcjYDP Key points: Big tech firms are likely to invest several trillion dollars over the next few years to satisfy demand for AI, with costs driven up by the price of components such as graphics processing units and memory. The artificial-intelligence boom is crowding out supplies of conventional chips, causing prices to rise and affecting the cost of consumer products such as smartphones and games consoles. Tech companies are having to pay a "memory tax" and a "Nvidia tax" due to the high cost of components, with the big three DRAM suppliers worth more than $2.8 trillion collectively and hyperscalers' spending on memory expected to account for 30% of their capex in 2026.
With the new CPI data out here is a brief summary of Federal policy response: the government released another 53 million barrels from its emergency oil reserve to ease gas prices that have surged above $4.50 a gallon. https://buff.ly/dYwks2M Elsewhere on prices, Trump has delayed plans to ease tariffs on beef imports after pushback from Republican allies and ranchers. Trump had been set to sign executive orders yesterday aimed at lowering costs. https://buff.ly/6gZtIYW The administration is also asking a US trade court to keep its 10% global tariffs in place during an appeal. https://buff.ly/oNvp7Hf
Questions? We Love Questions!
We receive a wide-range of questions every day and would love to hear yours. Questions lead to data and data should lead to better questions.
Special Topics
Special topics in each report
intended to increase the
reader’s understanding of
how the Puget Sound economy works
Past topics include regional growth, labor productivity, demographic trends, inflation, multipliers, entrepreneurs, and state and local taxes.
Web site subscribers currently have access to more than fifty special topics. Here are four examples drawn from the Special Topic Archive:
Stream Flow [Volume 27, Number 2, June 2019]
Is Traffic Real? [Volume 27, Number 1, March 2019]
Labor Force and Population [Volume 26, Number 4, December 2018]
Forest Fires [Volume 26, Number 3, September 2018]
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