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 PMPA/ITR Economics Forecast Report August 2021 


“Return to normal” is providing us all with a masterclass in “be careful what we wish for.” Demand for our products has returned, US GDP in the second quarter came in above pre-pandemic levels, and markets that we serve- Capital Goods in particular- are hitting new records.


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.