Economic Outlook Update Frequently Asked Questions (FAQs)
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Q: What is contained in the Economic Outlook Update report?
A: The Economic Outlook Update is a review of the state of the U.S. economy that is updated on a quarterly basis and also includes 12 monthly issues. Each report provides an overview of selected economic factors that prevailed, as well as a discussion of the factors that are crucial over an extended period of time. The following topics are addressed in each Economic Outlook Update report:
- General Economic Conditions
- Gross Domestic Product
- Consumer Spending
- Government Spending
- Business Investments
- Business Inventories
- Trade Deficit
- Consumer Prices and Inflation Rates
- Energy Prices
- Interest rates
- Unemployment and Personal Income
- Consumer Confidence
- Stock Markets and Volatility
- Bond Markets
- Real Estate
- Economic Outlook
Additionally, each issue of the Economic Outlook Update includes the following tables and charts:
- Real Gross Domestic Product
- Historical Economic Data and Forecasts
- Key Economic Variables Actual and Forecast
- Economic Indicators Historical Data
- Stock Market Historical Data
- Bond Market Historical Data
- Consumer Confidence
- Real Estate Market Actual and Forecast
- REIT Returns
- Property Index Returns
Q: What is the format of the report?
A: Each quarterly report consists of 8-10 pages including 3 pages of tables and charts. Each report is available for download via the website in three formats: PDF format, Microsoft Word and Microsoft Excel files. For those who purchase individual reports, the report is delivered via email. The report is attached to the email in a single ZIP file. The ZIP file includes the same three files - a PDF file, a Microsoft Word and a Microsoft Excel file.
Q: When is the EOU published?
A: The EOU is published 16 times a year—12 monthly reports and 4 quarterly reports.
The monthly EOU is published approximately four weeks after the month ends.
The quarterly EOU is published each year on these dates:
1st Quarter issue: May 15th
2nd Quarter issue: August 15th
3rd Quarter issue: November 15th
4th Quarter issue: February 15th
Q: How do I open a document with a ZIP extension?
A: If you purchased only one issue of the Economic Outlook Update, you probably received your files as an attachment to an email in a single ZIP file. You will need a program to uncompress the ZIP file. We recommend you use WinZip, which can be found at http://www.winzip.com. There is an evaluation copy available for downloading at no charge. After installing WinZip, you can double click on the attached ZIP file and you can save the included Word, Excel, and PDF files to your computer. You will need Microsoft Word and Excel to view the office documents or a compatible office software package. You will need Adobe Acrobat Reader to view the PDF document. You can download the latest version from Adobe's website at: http://www.adobe.com. You do not need a ZIP drive on your computer to open a file with the extension zip.
Q: Do I have permission to quote the contents of the Economic Outlook Update in a valuation report?
A: Your subscription to Economic Outlook Update comes complete with permission to quote all or part of the report in your own valuation report (with proper attribution). Full details for this copyright permission is included with every issue. You can purchase an annual subscription or a single report.
Q: Can I use the EOU in a litigation setting?
A: The Economic Outlook Update can be used in litigation engagements. Our founder and publisher emeritus, Shannon Pratt, CFA, FASA, MCBA, MCBC, CM&AA, wrote an article in which provides subscribers with further information useful to support the use of the report in litigation engagements. You can read a copy of the article “ Using the Economic Outlook Update” by clicking here.
Q: Why do the numbers reported for the end of a past quarter sometimes change in subsequent reports of the Economic Outlook Update?
A: When the Economic Outlook Update is published, it uses the most current information available from the respective reporting agencies (e.g. Bureau of Economic Analysis, Bureau of Labor Statistics, etc.). Over time, these reporting agencies may go back and revise the numbers they published earlier. The Economic Outlook Update provides the most up-to-date numbers, including any revisions the reporting agencies may make at a later date.