First Quarter 2025 Forecast Update
By George W. Hammond, Ph.D., Director and Research Professor, EBRC
February 2025
Still going strong, the Arizona economy added large numbers of new jobs and residents last year. Nominal taxable retail plus remote sales expanded slowly, while personal income growth…
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The forecast numbers below are from our first quarter 2025 baseline scenario forecast and were produced in February 2025 by the EBRC.
Arizona Economic Forecast Data (Statewide)
Phoenix-Mesa-Scottsdale MSA Forecast (Maricopa + Pinal Counties)
Tucson MSA Forecast (Pima County)
*The Economic and Business Research Center produces new economic forecasts each quarter (February, May, August, November) for Arizona (statewide), the Phoenix-Mesa-Chandler MSA, and the Tucson MSA. The EBRC makes the forecasts for the five major measures in the above table public each quarter. However, EBRC forecasts many more important economic variables using unique structural econometric models. If your business or organization requires more in-depth forecast data, analysis, and consulting, find out about the benefits of joining EBRC’s Forecasting Project.
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