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ITR Economic Report - May, 2017

May 11, 2017

ITR reports that U.S. manufacturing production has grown 0.4% in the 12 months through March based on strong consumer spending. Employment is rising, and a number of positive indicators make a case for a continued rise in the broad economy and business activity for our shops. Forecasts on automotive, aircraft, medical and other markets are detailed in this report.

The Institute for Trend Research (ITR) quarterly reports focus on major areas of economic growth and decline in key market segments for the Precision Machined Products Industry. They are provided to PMPA members as part of the association’s overall business intelligence program and are used as a management tool to help PMPA members plan for what lies ahead and which markets they should focus on in a complex manufacturing environment.