Matson Results Presentation Deck
5
Hawaii Service - Current Business Trends
Unemployment Rate
Select Hawaii Economic Indicators
10.0%
9.0%
8.0%
7.0%
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
Unemployment Rate and Visitor Arrivals by Air
A
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Nov-21
M
Jan-22
Mar-22
May-22
Jul-22
Sep-22
Nov-22
Jan-23
Mar-23
May-23
Unemployment Rate (not seasonally adjusted) (1)
Visitor Arrivals by Air (1)
Second Quarter 2023 Earnings Conference Call
1,000
900
800
700
600
500
400
300
200
100
0
Visitor Arrivals ('000s)
(1) Source: https://files.hawaii.gov/dbedt/economic/data_reports/mei/2023-06-state.xls
(2) Source: https://uhero.hawaii.edu/wp-content/uploads/2023/05/23Q2_Forecast.pdf
Real GDP
UHERO Projections (2)
Construction Jobs Growth
Population Growth
Unemployment Rate
Visitor Arrivals ('000s)
% change
2021
6.3%
0.8%
(0.3)%
6.0%
2022
1.3%
0.8%
(0.5)%
3.5%
2023P
2.6%
6.2%
(0.1)%
3.9%
6,777.0 9,247.8 9,836.8
150.2%
36.5%
6.4%
Commentary
Expect economic growth in near-term
supported by:
Continued growth in visitor arrivals
- Low unemployment rate
2024P
2.0%
1.9%
0.0%
4.2%
9,725.1
(1.1)%
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