The Huntington National Bank

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The Huntington National Bank

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December 5, 1 The Huntington National Bank George Mokrzan, Ph.D. Director of Economics Nicholas Blizniak Research Analyst

Indiana Indiana Illinois Census Population 17-Dec. 1,,3. th Real GDP - All Industries ($ mil.) 17-Dec. 75,1. 5th Median Household Income ($) 17-Dec.,9. 1th Rate - S.A. 1-Oct.. 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct..9 1.71 Personal Income - Quarterly 1-Jun...9 FHFA House Price Index - Quarterly 1-Sep. 3.3. FRB Philly State Coincident Index 1-Oct. 3.1. The Illinois economy grew faster than the nation in the last year. Even though its leading indicator forecasts have been volatile, recent growth has been strong. The unemployment rate has remained above the national average. Personal income growth has been solid. Home prices have been rising modestly. Fiscal challenges and net out-migration from the state, (1,) in 17, should also ease somewhat. In the Site Selection Governor's Cup for 17, Illinois ranked 3rd highest nationally in total projects and th per capita. Rate 1 Official Rate Rate SA - SAIllinois - Indiana 11 Official Rate Rate SA - SAUnited - United States 9 7 5 3 '9 ' '11 '1 '13 '1 '15 '1 '17 '1 Economic Leading Indexes - Illinois - - - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

Indiana Indiana Census Population 17-Dec.,,1. 17th Real GDP - All Industries ($ mil.) 17-Dec. 39,53. 1th Median Household Income ($) 17-Dec. 5,73. 3th Rate - S.A. 1-Oct. 3.5 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct.. 1.71 Personal Income - Quarterly 1-Jun...9 FHFA House Price Index - Quarterly 1-Sep. 7.3. FRB Philly State Coincident Index 1-Oct. 1.91. Indiana's low unemployment rate of 3.5% reflects its strong, diverse economy. In the 17 Site Selection Governor's Cup, Indiana ranked th in total projects and th per capita in the nation, well ahead of its GDP rank of 1. Net in-migration into Indiana in 17 was,3 for Indiana's strongest year since. Personal income growth has been close to the national average. Home prices have risen faster than the national average in the last year. The state's leading indicator points to somewhat below average growth in the next months. 1 Official Rate SA - Indiana '9 ' '11 '1 '13 '1 '15 '1 '17 '1 Economic Leading Indexes - Indiana - - - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

Kentucky Census Population 17-Dec.,5,19. th Real GDP - All Industries ($ mil.) 17-Dec. 17,9. th Median Household Income ($) 17-Dec. 51,3. 3rd Rate - S.A. 1-Oct..5 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct..5 1.71 Personal Income - Quarterly 1-Jun. 3..9 FHFA House Price Index - Quarterly 1-Sep. 5.15. FRB Philly State Coincident Index 1-Oct... Kentucky's economy grew slower than the nation in the last year and its unemployment rate edged up from record lows. Employment growth has been slow, but personal income and home price growth have exhibited steady growth. The leading indicator has wobbled in recent months, and fiscal issues with pensions have continued. Kentucky earned 7th place in total projects and nd place in projects per capita once again in the Site Selection Governor's Cup for 17. Net in-migration into Kentucky in 17 was,3 for the largest in-migration into the state since. 1 Official Rate SA - Kentucky '9 ' '11 '1 '13 '1 '15 '1 '17 '1 Economic Leading Indexes - Kentucky - - - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

Michigan Census Population 17-Dec. 9,9,311. th Real GDP - All Industries ($ mil.) 17-Dec.,31. 1th Median Household Income ($) 17-Dec. 57,7. 33rd Rate - S.A. 1-Oct. 3.9 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct. 1.1 1.71 Personal Income - Quarterly 1-Jun...9 FHFA House Price Index - Quarterly 1-Sep. 7.1. FRB Philly State Coincident Index 1-Oct. 3.15. Michigan's economy exhibited solid growth in the last year despite a cyclical sales slowdown in the automobile industry. The Leading Index points to continued growth somewhat below the national average in the next half year. At 3.9%, the unemployment rate is the lowest since October. Business development efforts are generally high, and employment has continued to grow in most sectors. Net in-migration into Michigan in 17 was,1 for the first positive migration since, and the strongest on record going back to 1991 (U.S. Census). 1 1 Official Rate SA - Michigan 1 '9 ' '11 '1 '13 '1 '15 '1 '17 '1 - - - - Economic Leading Indexes - Michigan - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

Ohio Census Population 17-Dec. 11,5,9. 7th Real GDP - All Industries ($ mil.) 17-Dec. 51,3. 7th Median Household Income ($) 17-Dec. 59,7. th Rate - S.A. 1-Oct.. 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct..9 1.71 Personal Income - Quarterly 1-Jun. 3.7.9 FHFA House Price Index - Quarterly 1-Sep..3. FRB Philly State Coincident Index 1-Oct. 3.. Ohio's net in-migration in 17 was 13,9 people for the state's largest on record going back to 1991 (U.S. Census). In the last year, Ohio's diverse economy grew somewhat above the national average. Ohio's median household income jumped 11 places in 17 from 37th to th. State employment growth accelerated in the last year, exceeding the national average. Ohio ranked nd overall and 3rd per capita in the Site Selection Governor's Cup for 17, for its second consecutive year near the top. The state's Leading indicator points to growth in line with the national average in the next months. 1 Official Rate SA - Ohio '9 ' '11 '1 '13 '1 '15 '1 '17 '1 Economic Leading Indexes - Ohio - - - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

Pennsylvania Census Population 17-Dec. 1,5,537. 5th Real GDP - All Industries ($ mil.) 17-Dec. 3,7. th Median Household Income ($) 17-Dec. 3,173. th Rate - S.A. 1-Oct.. 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct. 1.55 1.71 Personal Income - Quarterly 1-Jun. 3.91.9 FHFA House Price Index - Quarterly 1-Sep... FRB Philly State Coincident Index 1-Oct. 3.5. Pennsylvania's economy grew solidly above the national average in the last year. Employment growth, personal income growth and home price growth were all somewhat below the national average rates, but were strong relative to recent years in the Keystone state. Pennsylvania placed a solid th place in the nation for total new projects in the 17 Site Selection Governor's Cup. Net in-migration into Pennsylvania was 11,59 in 17 for the strongest gain since 11. The leading indicator points to growth in line with the national average in the next months. 1 Official Rate SA - Pennsylvania '9 ' '11 '1 '13 '1 '15 '1 '17 '1 Economic Leading Indexes - Pennsylvania - - - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

West Virginia Census Population 17-Dec. 1,15,57. 3th Real GDP - All Industries ($ mil.) 17-Dec. 7,7. th Median Household Income ($) 17-Dec. 5,39. th Rate - S.A. 1-Oct. 5. 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct..9 1.71 Personal Income - Quarterly 1-Jun..1.9 FHFA House Price Index - Quarterly 1-Sep..5. FRB Philly State Coincident Index 1-Oct. 1.9. West Virginia grew at a slow pace below the national average in the last year, but personal income and home prices have grown at a moderate pace. The state's unemployment rate has been stable at 5.%, but is likely to decline in the coming months. The Leading Indicator points to growth strongly above the national average in West Virginia in the next months as the state economy adjusts to a changing economic landscape. 1 Official Rate SA - West Virginia '9 ' '11 '1 '13 '1 '15 '1 '17 '1 Economic Leading Indexes - West Virginia - - - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

Indiana Wisconsin Census Population 17-Dec. 5,795,3. th Real GDP - All Industries ($ mil.) 17-Dec.,3. th Median Household Income ($) 17-Dec. 3,51. 19th Rate - S.A. 1-Oct. 3. 3.7 1 Month Percent Change Total Non-Farm Employment - S.A. 1-Oct. 1.7 1.71 Personal Income - Quarterly 1-Jun...9 FHFA House Price Index - Quarterly 1-Sep... FRB Philly State Coincident Index 1-Oct..5. Buoyed by its strong manufacturing sector, Wisconsin's economy has grown at a brisk pace during the recovery, although somewhat slower than the nation in the last year. Wisconsin's unemployment rate of 3.% has been consistently below the national average. Home prices and personal income have grown solidly on par with the nation. Net in-migration into Wisconsin in 17 was,1 for the state's largest inflow since (U.S. Census). Growth is expected to be somewhat below the U.S. rate as manufacturing remains challenged in obtaining skilled workers. 1 Official Rate SA - Wisconsin '9 ' '11 '1 '13 '1 '15 '1 '17 '1 Economic Leading Indexes - Wisconsin - - - - '9 ' '11 '1 '13 '1 '15 '1 '17 '1

Metropolitan Statistical Areas MSAs Date Rate 3 Month Change 1 Month Change Akron 1-Oct.% (.) (.3) Ann Arbor 1-Oct 3.%. (.7) Canton 1-Oct 5.%. (.) Chicago 1-Oct.%. (.) Cincinnati 1-Oct.%.. Cleveland 1-Oct 5.%. (.3) Columbus 1-Oct 3.9% (.). Dayton 1-Oct.5%. (.) Detroit 1-Oct.% (.3) (.) Flint 1-Oct.7% (.) (1.) Grand Rapids 1-Oct 3.%.5 (.) Green Bay 1-Oct 3.%.. Kalamazoo 1-Oct 3.7%. (.9) Indianapolis 1-Oct 3.5%..3 Lansing 1-Oct 3.5%. (.9) Madison 1-Oct.% (.) (.) Milwaukee 1-Oct 3.3%. (.) Pittsburgh 1-Oct.%. (.) Toledo 1-Oct 5.%. (.) Youngstown 1-Oct 5.%. (.3) United States 1-Oct 3.7% (.) (.) Commentary The chart shows the Metropolitan Statistical Area (MSA) unemployment rates for of the largest MSAs in the region during October 1. The "3 Month Change" and "1 Month Change" columns above show the respective changes in the MSA seasonally adjusted unemployment rates. In the 1 months ending October, unemployment rates declined or stayed the same in all but one MSA. In October, MSAs had unemployment rates below the national rate of 3.7%. The results of the MSAs in conjunction with those of the states reflect a strong overall regional economy with extraordinarily low unemployment rates in many states and MSAs. rates increased somewhat in several local labor markets during the three months through October, but labor market performance was generally strong with most unemployment rates holding at low levels. Net in-migration was positive in 17 in all regional states except Illinois and West Virginia. Net migration into Ohio and Michigan was the strongest on record since 1991. Data Source: Haver Analytics

Metropolitan Statistical Areas MSAs Date Employment (thou.) 3 Month Change 1 Month Change Akron 1-Oct 35.7.% 1.3% Ann Arbor 1-Oct 5..93% 1.1% Canton 1-Oct 17.7.9%.3% Chicago 1-Oct,77.9.3%.3% Cincinnati 1-Oct 1,113..5% 1.% Cleveland 1-Oct 1,..7%.% Columbus 1-Oct 1,5.5.7% 1.9% Dayton 1-Oct 395. 1.% 1.% Detroit 1-Oct,9..19% 1.% Flint 1-Oct 11. -.7%.% Grand Rapids 1-Oct 57. 1.%.% Green Bay 1-Oct..% 1.5% Kalamazoo 1-Oct 19.7 -.13%.9% Indianapolis 1-Oct 1,5.3.57%.3% Lansing 1-Oct 39.7 1.%.% Madison 1-Oct 1. 1.19% 1.35% Milwaukee 1-Oct 7. -.1%.97% Pittsburgh 1-Oct 1,19..7% 1.1% Toledo 1-Oct 311. 1.5%.7% Youngstown 1-Oct 1..5% -1.% United States 1-Oct 19,75..% 1.71% Commentary MSA Payroll Employment increased or stayed the same in all but 3 MSAs in the 3 months ending October, and those 3 declines were marginal. Strong recent employment gains were reported in Ann Arbor, Cincinnati, Cleveland, Columbus, Dayton, Grand Rapids, Indianapolis, Lansing, Madison, Pittsburgh and Toledo. In the 1 months ending October, employment grew in all but MSAs except Youngstown, which is expected to be impacted further by automobile factory closures in the coming months. The generally strong Ohio economy should provide employment opportunities for many of those impacted. Note: Starting with the October issue of the Huntington Footprint State Economic Reports, MSA employment is taken from the Payroll Survey in order to be consistent with the Payroll Employment statistics reported at the state level. Previous publications utilized employment statistics from the Household Survey. The Payroll Survey of MSA employment is issued monthly by the Bureau of Labor Statistics. All Payroll Survey numbers are seasonally adjusted with the exception of Grand Rapids and Madison. Data Source: Haver Analytics

This publication contains general information. The views and strategies described may not be suitable for all investors. Any forecasts presented are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. Individuals should consult with their investment adviser regarding their particular circumstances. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal, or tax advice. Contents herein have been compiled or derived in part from sources believed reliable and contain information and opinions that are accurate and complete. However, Huntington is not responsible for those sources and makes no representation or warranty, express or implied, in respect thereof, and takes no responsibility for any errors and omissions. The opinions, estimates and projections contained herein are as of the date of this publication and are subject to change without notice. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Investing in securities involves risk, including possible loss of principal amount invested. Past performance is no guarantee of future results. International investing involves special risks including currency risk, increased volatility of foreign securities, political risks, and differences in auditing and other financial standards. Prices of emerging markets securities can be significantly more volatile than the prices of securities in developed countries and currency risk and political risks are accentuated in emerging markets. Bonds are affected by a number of risks, including fluctuations in interest rates, credit risks, and prepayment risk. In general, as prevailing interest rates rise, fixed income securities prices will fall. Bonds face credit risk if a decline in an issuer s credit rating or credit worthiness, causes a bond s price to decline. Member FDIC., Huntington and Huntington are federally registered service marks of Huntington Bancshares Incorporated. Huntington Private Bank SM is a service mark of Huntington Bancshares Incorporated. 1 Huntington Bancshares Incorporated.