Provincial Outlook Economic Forecast: Prince Edward Island—Autumn 2017
The Conference Board of Canada, 74 pages,
January 2, 2018
This quarterly economic forecast for the province of Prince Edward Island examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
- This fiscal year, the province is poised to balance its budget for the first time in a decade.
- No slowdown is expected for Island tourism, as visitors continue to flock to the province.
- Strong demand for P.E.I. products is bolstering manufacturing.
- One area of weakness that is hampering the economy is non-residential construction, which will take a hit as work on the Interconnection Upgrade Project wraps up.
- Strong population growth—the strongest in the Atlantic region—is boosting residential construction and will take some of the sting out of the drop in non-residential construction.
Table of Contents
Prince Edward Island—Solid Growth Continues on the Island
- Strong Growth in Exports Supporting Manufacturing Sector
- Tourism Showing No Signs of Slowing
- Residential and Non-Residential Construction Moving in Opposite Directions
- Stronger Revenues Bode Well for Near-Term Government Spending
Appendix A—Forecast Tables