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ITR Economic Report - May 2018

Jun 01, 2018

Below is the most recent ITR Business Forecast Report (for May 2018).  You'll note that ITR has revised their forecast for US Industrial Production for 2018 - the 2018 annual average Index is projected to be 0.2% higher than the prior forecast. The year-over-year percent change is larger, forecasted at 2.9%  for the year, in part because of revised historical data by the Federal Reserve Board.  The forecast for 2019 is essentially unchanged on a year-over-year basis.

Take a few moments to review all the Index categories in the report to see how they will affect your company for the remainder of the year.

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. 

Contact Information

  • Miles Free, PMPA Director of Industry Research & Technology
  • 440-526-0300