Economic Forecasting

Consensus Economic Forecasting Commission

The Department of Administrative and Financial Services provides staff support for the Consensus Economic Forecasting Commission (CEFC), an independent group of economists who forecast Maine's economy. The CEFC meets twice a year to update its economic forecast, which is used in establishing the revenue forecast for the State. The Commission forecasts three key indicators: wage and salary employment, personal income (by component), and the Consumer Price Index.

Current

• February 2018 CEFC Report (PDF)

Previous

• November 2017 CEFC Report (PDF)
• April 2017 CEFC Report (PDF)
• Post Election Update 2016 (PDF)
• November 2016 CEFC Report (PDF)
• February 2016 CEFC Report (PDF)
• November 2015 CEFC Report (PDF)
• April 2015 CEFC Report (PDF)
• November 2014 CEFC Report (PDF)
• February 2014 CEFC Report (PDF)
• November 2013 CEFC Report (PDF)
• April 2013 CEFC Report (PDF)
• November 2012 CEFC Report (PDF)
• February 2012 CEFC Report (PDF)
• November 2011 CEFC Report (PDF)
• April 2011 CEFC Report (PDF)
• November 2010 CEFC Report (PDF)
• February 2010 CEFC Report (PDF)

Consensus Economic Forecasting Commission Background Materials

Prior to each Consensus Economic Forecasting Commission (CEFC) meeting, the Department of Administrative and Financial Services, which staffs the Commission, assembles a set of background materials. These materials summarize the current economic environment and any recent developments since the Commission's past meeting. Special attention is paid to indicators of general economic activity as well as indicators for employment, personal income, and inflation (the Consumer Price Index), which are forecast by the Commission. Additional background may include updates on home prices and sales, heating and crude oil, and other topics of interest.

Current

• CEFC Background Materials February 2018 (PDF)

Previous

• CEFC Background Materials November 2017 (PDF)
• April 2017 CEFC Background Materials (PDF)
• November 2016 CEFC Background Materials (PDF)
• February 2016 CEFC Background Materials (PDF)
• October 2015 CEFC Background Materials (PDF)
• March 2015 CEFC Background Materials (PDF)
• October 2014 CEFC Background Materials (PDF)
• January 2014 CEFC Background Materials (PDF)
• October 2013 CEFC Background Materials (PDF)
• March 2013 CEFC Background Materials (PDF)
• January 2012 CEFC Background Materials (PDF)
• October 2012 CEFC Background Materials (PDF)
• October 2011 CEFC Background Materials (PDF)

Special Data Gathering Sessions

Prior to each fall's forecasting meeting, the Consensus Economic Forecasting Commission (CEFC) invites the leaders of a variety of Maine business and industry groups to share economic data and industry-specific information. This on-the-ground perspective provides background to help inform the Commission's forecasting process.

Current

• 2017 Data Gathering Session (PDF)

Previous

• 2016 Data Gathering Session (PDF)
• 2015 Data Gathering Session (PDF)
• 2014 Data Gathering Session (PDF)
• 2013 Data Gathering Session (PDF)
• 2012 Data Gathering Session (PDF)
• 2011 Data Gathering Session (PDF)

Revenue Forecasting Committee

• OFPR RFC

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