GPEC - Economic Indicators

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		Greater Phoenix

		GPEC Services

		Regional Profile

		Global Business

		Target Industries

Selected Economic Indicators	Period	Current	Previous	Year Ago	Period Change	Year Change
General Indicators
Consumer confidence	May-07	108	106.3	104.7	1.60%	3.20%
Arizona Business Conditions Index	May-07	59.3	60.1	59.1	-1.30%	0.30%
Institute for Supply Management Index - U.S.	May-07	55	54.7	54.4	0.50%	1.10%
National Savings (%)	Apr-07	-1.3	-0.7	-0.4	-0.60%	-0.90%
Gross Domestic Product (chained) - U.S.	Q1:2007	11,531.70	11,513.00	11316.4	0.70%	1.90%
Gross Metropolitan Product (billion $)	2005	153.2	136.2	N/A	12.50%	N/A
Weekly Leading Index (Monthly)	May-07	141.5	139.9	136.6	1.10%	3.60%

Income and Expenditures
New Orders for Durable Goods, SA (billion $)	Apr-07	217.9	216.6	210.2	0.60%	3.70%
Retail Sales - Greater Phoenix (million $)	Feb-07	4,582.90	4,606.80	4,430.10	-0.50%	3.40%
Retail Sales - U.S. (million $)	Apr-07	372,631	372,876	357,334	-0.10%	4.30%

Costs
Greater Phoenix CPI - All Urban Consumers, NSA	2nd Half:2006	112.3	110.6	109.2	1.50%	2.80%
U.S.CPI - All Urban Consumers, SA	May-07	207.4	206	201.9	0.70%	2.70%
PPI Finished Goods NSA	May-07	167.8	165.8	161.2	1.20%	4.10%

Employment and Labor Force
Greater Phoenix Non-Farm Employment (thousands)	May-07	1,913.90	1,912.90	1,846.60	0.10%	3.60%
U.S. Non-Farm Employment (thousands)	May-07	138,533	137,653	136,629	0.60%	1.40%
Greater Phoenix Unemployment Rate, SA (%)	May-07	2.9	3.3	3.4	-0.40%	-0.50%
U.S. Unemployment Rate, SA (%)	May-07	4.5	4.5	4.6	0.00%	-0.10%

Housing and Real Estate
Residential Building Permits - Greater Phoenix	Apr-07	3,059	4,942	4,373	-38.1%	-30.0%
Residential Building Permits - United States	Apr-07	128,055	139,222	164,884	-8.00%	-22.3%
Office Vacancy Rate - Greater Phoenix (%)	Q1:2007	11.9	11.1	11.3	0.80%	0.60%
Industrial Vacancy Rate - Greater Phoenix (%)	Q1:2007	7.4	6.7	6	10.80%	1.40%

SA - seasonally adjusted
NSA - not seasonally adjusted
Updated: June 19, 2007