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ITR Economics - Economic Report for November 2018

by Renee Merker | Nov 15, 2018

According to the most recent ITR Business Forecast Report (for November 2018), the US Industrial Production is still cruising along, with the last 12 months reaching record high levels.  Production is growing at an accelerated pace, up 3.8% compared to last year.    Based on the robust growth and leading indicators pointing to a later business-cycle peak, ITR Economics has re-evaluated their long-term outlook for Industrial Production, as well as business-to-business activity.

Review the report below to see whether you need to re-evaluate your growth outlook as well. 

Note that ITR Economics’ CEO Brian Beaulieu will be presenting at the upcoming Update Conference in February – plan on attending to receive the latest news on economic trends firsthand.

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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