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ITR Economic Report August 2017

Aug 28, 2017
The US economy, as measured by Real GDP, is growing. US Real GDP was up 2.1% during the second quarter of 2017. Accelerating growth in the Manufacturing sector (up 0.7%) and recovery in the Mining sector (virtually even with the year-ago level) are contributing to the accelerating growth in US Industrial Production (up 0.5%).

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.