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PMPA ITR Economics Report - August 2019

Wednesday September 18, 2019

As always, but particularly now as the economy traverses the back side of the business cycle (slowing growth or recession), the state of the US economy depends on where you look.  Revised US Real Gross Domestic Product data shows that the economy transitioned to "Slowing Growth" in the second half of 2018, and remained in that phase through the first half of this year. However, there are still segments of the economy that are growing at or close to double-digit rates.  

Knowing your company’s position in the business cycle as well as the current and expected future status of your key markets, as outlined in the ITR Economics Report below, is critical to optimally managing the waves of the upcoming business cycle decline and eventual upswing.

Read the full report below, as prepared especially for PMPA by ITR Economics.


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.