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ITR Experts Say Manufacturing

Know the Difference Between ‘Excess’ and ‘Elevated’
By ITR Economics on June 13, 2024

Our blog last week noted that inventories are normalizing relative to their pre-pandemic trajectory. This is a positive development, given the way excess inventories tie up the holder’s...

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ITR Experts Say Manufacturing

Inventory Trends: A COVID-Echo Shows Early Signs of Easing
By ITR Economics on June 6, 2024

If you did the grocery shopping in the early spring of 2020, you probably bought everything you thought you might need for at least the next two weeks and then some.

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From the President's Desk Manufacturing

3 Key Takeaways From the Steel Scrap Producer Price Index
By Alan Beaulieu on May 16, 2024

Overview The US Steel Scrap Producer Price Index in the first quarter averaged 4.1% below the first quarter of 2023 (3/12 rate-of-change). Reliable leading indicators point to relatively...

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ITR Experts Say Manufacturing

Automotive Diagnostic: Nascent Weakness Foreshadows Stagnation Ahead
By ITR Economics on May 9, 2024

The monthly North America Light Vehicle Production numbers came in weak for March. March Production numbers were down relative to February. This is only the third time in the 2000s that...

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ITR Experts Say Construction Manufacturing

Labor Market Check-in: Tightness Persists, but Employers Seeing Some Relief
By ITR Economics on April 25, 2024

We are forecasting rise for US Private Sector Employment – our flagship jobs dataset – through at least 2026. We are also expecting that the labor market will remain relatively tight...

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Manufacturing Recessions

US Manufacturing Is in Recession – How Long Will It Last?
By ITR Economics on March 19, 2024

ITR Economics recently revised its forecast for GDP. This mild revision to our GDP outlook was an upgrade, but it is important to keep in mind that GDP pertains to the non-industrial side...

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