Know What’s Ahead

The world is rapidly changing. Knowing what to expect is critical today and will be in the future.

Economic analysis and forecasts from our award-winning Chief Economist Scott Anderson and his team help keep you informed whether you are a business decision maker, investor, or consumer.

Scott Anderson is the Chief Economist for Bank of the West. He analyzes international, national, and regional economic trends and provides forecasts for the bank management, business lines, and clients. He is a recipient of the NABE Outlook Award for most accurate economic forecaster.

U.S. Outlook

A weekly report with analysis of current U.S. economic activity and longer-term economic and interest rate forecasts.

Retail Sales Show Underlying Consumer Resilience

October 15, 2021

The Delta variant likely depressed real consumer spending growth in the third quarter as spending on leisure and hospitality and travel declined, but today’s retail sales report for September shows it hasn’t completely shut down the U.S. consumers’ willingness and ability to keep spending. Read more >

September Jobs Report Not As Bad As You Think

October 08, 2021

The headline +194K nonfarm payroll gain in September severely undershot the bullish +500K consensus estimate on the Street, but a quick inspection of the entire employment report should help calm your nerves. Read more >

Consumer Spending Struggles To Keep Up With Inflation

October 01, 2021

Consumers have been struggling to grow their spending in the face of nearly-bare dealer lots and retail shelves, rising prices, and fears of the Delta variant. Read more >

Instant Analysis

Insights on the day’s U.S. economic releases and Federal Reserve Open Market Committee meetings and minutes.

October 14, 2021
Producer Price Inflation Slows More Than Expected In September

Some welcome news on the inflation front with final demand producer prices increasing just 0.5% on a seasonally adjusted basis in September, down from the 0.7% increase in August and below the consensus forecast of 0.6%. Read more >

California Outlook

A quarterly analysis of California’s major economic regions and labor, housing, income, spending, and demographic trends.

California Economic Outlook – August 2021

August 2, 2020

Job growth in California slowed for four consecutive months to 73,500 in June, after a strong one-time February gain of 156,100 jobs as leisure and hospitality, personal services, and restaurants and bars reopened.
Read more >

California Economic Outlook – April 2021

April 28, 2021

California job growth rebounded strongly on service and restaurant business reopenings in February, but moderated a bit in March.
Read more >

California Economic Outlook – December 2020

December 17, 2020

California’s labor market recovery is lagging the nation as job losses in pandemic impacted industries remain high and new business restrictions and stay at home orders begin to bite.
Read more >

The Economics of Climate Change in California

Bank of the West Chief Economist Scott Anderson addresses the risks and opportunities that climate change poses in California.

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