The August 2026 ITR Economics report has been released. The ITR Economics quarterly forecast report gives us insight into eight industries that are the primary drivers of our shops’ success. The ability to consistently look into the future with actionable data gives us a competitive edge. The reason that PMPA members closely follow the ITR Quarterly forecast report is that the ITR process of analysis clarifies and makes patterns clear that the news cycle seems to miss. The August report we see economic growth topline growth but it is outcomes are currently mixed. “Businesses should track unit activity closely instead of relying only on revenue trends. Avoid building inventories too aggressively late this year ahead of the softer demand environment in 2027.” Check out in this month’s PMPA August 2026 Economic Report from 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.