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ITR Economics Report May 2019

Friday May 10, 2019

The list of leading indicators suggesting business cycle decline into at least late 2019 is growing. North American Light Vehicle Production remains a strong segment due its being in the recovery phase. US Aircrafts & Parts And US Medical Equipment and supplies remain positive markets for our products. The balance of markets  that we track appear to be softening.

The second half of 2019 is shaping up to be softer than the first half, and no one expects 2019 calendar year to measure up to 2018’s strength. This does not mean  that we will be unprofitable. It does mean that we will need to manage differently. See the full report to examine the outlook for the markets that you serve.

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. 

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