Arizona Forecast Released June 1, 2013

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2013 Forecast
	Annual Percent Change 2013 from 2012
	Current $ Personal Income	Retail Sales	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Arizona Department of Administration	4.1		2.5	1.1
Arizona Public Service	4.5	4.5	3.0	1.5	65.0
ASU - Economic Outlook Center	4.5	5.0	2.2	1.5	25.0
Davidson Fixed Income Management	5.5	6.4	2.0	1.3	25.0
ECON-LINC	5.6	5.5	2.4	1.4	30.0
EconLit LLC	5.8	5.5	2.6	1.4	20.0
Elliott D. Pollack & Co.	5.5	5.0	2.6	1.5	20.0
Joint Legislative Budget Committee	4.8	5.0	2.2	1.3	22.0
The Maguire Company	5.5	5.0	2.6	1.5	20.0
NAU - BBER	6.0	5.4	2.0	1.2	20.0
Salt River Project	4.4	4.3	2.6	1.4	20.0
Southwest Growth Partners	6.1	6.6	2.8	1.7	45.0
Stellar Capital Management	5.5	6.0	2.6	1.5	27.0
UA - Eller College	4.1	5.3	2.2	1.0	18.3
VisionEcon/Governing Star Group	5.5	6.4	3.2	1.5	10.7
Wells Fargo	3.7	5.3	2.2	1.3	30.0
Consensus - This Month	5.1	5.1	2.5	1.4	24.9
Consensus - Last Month	5.1	5.3	2.5	1.4	26.7

2014 Forecast
	Annual Percent Change 2014 from 2013
	Current $ Personal Income	Retail Sales	Wage & Salary Empl.	Population Growth	Single-family Housing Permits
Arizona Department of Administration	4.4			1.3
Arizona Public Service	4.8	5.6	4.7	2.0	70.0
ASU - Economic Outlook Center	5.5	6.0	2.8	1.7	35.0
Davidson Fixed Income Management	6.0	5.8	2.4	1.3	20.0
ECON-LINC	6.3	5.8	2.8	1.6	26.0
EconLit LLC	6.2	5.5	2.8	1.7	50.0
Elliott D. Pollack & Co.	6.5	4.0	3.5	2.0	20.0
Joint Legislative Budget Committee	5.7	5.3	2.8	1.6	35.0
The Maguire Company	6.0	5.0	3.0	1.8	20.0
NAU - BBER	6.8	5.2	2.5	1.3	25.0
Salt River Project	5.2	5.8	3.3	1.6	25.0
Southwest Growth Partners	6.2	6.8	3.1	1.9	35.0
Stellar Capital Management	5.9	6.4	2.8	1.4	27.0
UA - Eller College	5.9	4.6	2.8	1.4	27.3
VisionEcon/Governing Star Group
Wells Fargo	5.8	5.8	2.3	1.4	45.0
Consensus - This Month	5.8	5.2	2.8	1.6	30.7
Consensus - Last Month	6.0	5.3	2.8	1.6	32.7