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Economic Update

October 27, 2026 | Economics and Other

Release thumbnail - Economic Update - 2026-10-27

Director Knittel provided an “Economic Update” at the Greater Susquehanna Valley Chamber of Commerce's annual Economic Forecast.

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Release Type

Revenue Estimates
Revenue & Economic Update
Performance Budgeting
Energy
Pension Analysis
Property Tax
Wage Contracts
Tax Credit Review
Economics and Other

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(Oct 27) - opens in a new tab From 2025 to 2030, the number of PA residents age 80+ will increase +21% as the first Baby Boomers turn 80 in 2027. See: ifo.state.pa.us/Resources/Docu… pic.x.com/iPhegFwKOc
(Oct 14) - opens in a new tab Despite a 34% increase in summer gasoline prices, PA drivers did not reduce consumption. See: ifo.state.pa.us/Resources/Docu… pic.x.com/DZS0A7OtK4
(Oct 07) - opens in a new tab PA average home price increased +58% from 2019 to 2025, which outpaced income growth (+34%). Rural counties in NE PA recorded some of the strongest price gains: Carbon (+91%), Monroe (+90%) and Pike (+87%). See: ifo.state.pa.us/Resources/Docu… pic.x.com/cUXUOVOOAY

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