Consensus Economic Forecasting Commission, Feb.2010

February 1, 2010

The Maine Consensus Economic Forecasting Commission (CEFC) convened on January 25, 2010 to revise its November 2009 forecast. This report provides a summary of the Commission’s findings.

The decline in the national and state economic outlook has continued to ease since the CEFC met in October. Oil prices remain below their mid-2008 peak, and home sales were up in the third quarter of 2009 compared to the third quarter of 2008. Consumer sentiment has improved somewhat in recent months and coincident indexes are continuing to improve for most states.

Please download the PDF for the full report with data tables. More information and past reports are available at the forecasts section of this website.

The Maine Consensus Economic Forecasting Commission (CEFC) convened in January to revise its November 2009 forecast. This report provides a summary of the Commission’s findings.

Supporting documents

CEFC Report, February 2010 (PDF)