Bank of Hawaii says Hawaii economy is improving

Bank of Hawaii says Hawaii economy is improving.  In their earnings release earlier this week, they view the local economy as being stable with a nice jump in tourism especially in the past couple of months.   Their earnings release included the statement: “For the first two months of 2012, total visitor arrivals increased by 6.7% and visitor spending increased by 11.4% compared to the same period in 2011.”  They also look at the stabilized employment market in the islands and how our unemployment rate at 6.4% is well below national average.  They see the real estate market as being stable as well and point to the increase in median sales prices despite a volume decrease.