Press Release

Bank of the West Chief Economist Scott Anderson Recognized by Bloomberg as Top Economic Forecaster and MarketWatch
San Francisco | Nov 12, 2015

Anderson ranked one of Bloomberg's Top Forecasters of the U.S. Economy Q3 2015 and receives accolades as Forecaster of the Month for October from MarketWatch

Bank of the West today announced that Chief Economist Scott Anderson is recognized as one of the nation's top economic forecasters by both Bloomberg and MarketWatch.  Anderson ranked ninth on Bloomberg's list of Top Forecasters of the U.S. Economy for his forecasting performance over the past two years and won MarketWatch's October Forecaster of the Month title.

"As the seasons changed this fall, consumers and businesses alike have been jostled by market volatility. But, investors eager to know what to expect in the year ahead, can rest assured," said Scott Anderson. "With a healthy labor market, low energy prices, and low interest rates helping out Main Street, we’re not buying into the doomsday mindset."

Methodology:

  • Bloomberg: To identify their list of best forecasters of the U.S. economy, Bloomberg used estimates submitted for 15 key monthly indicators including Consumer Confidence, CPI, Durable Goods Orders, Existing Home Sales, Housing Starts, IP, ISM Manufacturing, ISM Nonmanufacturing, New Home Sales, Nonfarm Payrolls, Personal Income, Personal Spending, Retail Sales, Unemployment and GDP. GDP is treated as a monthly indicator by ranking the advance, second and third revisions. As of the ranking for Q3 2015, Bloomberg added the Conference Board Consumer Confidence Indicators into the mix. Of these indicators, Anderson ranked fourth for forecasting Consumer Price Index, fifth for ISM Nonmanufacturing, and seventh for GDP.

  • WSJ/Marketwatch: Anderson won the MarketWatch top forecaster title for the month of October by accurately forecasting two of the 11 indicators tracked by Marketwatch. Of four other indicators, his forecasts were among the most accurate nationwide.

Scott Anderson has been the chief economist at Bank of the West for three years, following 12 years at Wells Fargo as an economic forecaster. He earned his Ph.D. from George Washington University, and has worked at the International Monetary Fund and Moody’s Analytics.

For more of Scott’s weekly economic insights, visit the “Economic Outlook” channel on the Bank of the West blog: blog.bankofthewest.com.

About Bank of the West:
Bank of the West is a regional financial services company chartered in California and headquartered in San Francisco with $74 billion in assets as of September 31, 2015. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 offices in 22 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 75 countries with 185,000 employees.

Media Contacts:

Michele Rene Scott                              
Corporate Communications                              
Office 415-404-2212, Michele.Scott@BankoftheWest.com

Julia Mellon, Bliss Integrated Communication
Office 212-584-5474, julia@blissintegrated.com

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