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ITR Economic Report - November 2017

Nov 30, 2017
As reported in the recent release of the ITR Economic Report for November, 2017 - the majority of the segments of the U.S. core economy are expanding, and leading indicators corroborate their expectation of accelerating growth into the first half of 2018. Rising global demand and higher commodity prices contributed to growth in U.S. Nondefense, Capital Goods, New Orders, and both U.S. Wholesale Trade segments.  Plan for increasing volume and higher costs over the next three quarters if your business is related to the industrial economy. U.S. Industrial Production is up 0.9% year over year in September, and the manufacturing and mining components of US Industrial Production are expanding.

For a complete report on all core segments related to manufacturing, as well as a look into what to expect heading into 2018, click on the report below.

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.