US Manufacturing: Utilize the Trends Report™ for Future Growth
The US manufacturing industry has faced a difficult year. Discover how we provide detailed insights and forecasts to help businesses navigate these trends.
It has been a difficult year for the overall manufacturing industry. While some markets have grown this year, the rate of growth has varied, and some key manufacturing segments face further downside pressure as we enter the final stretch of 2024. Here is a brief overview of the manufacturing industry and how ITR Economics can assist you in preparing for future opportunities.
Snapshot of US Manufacturing Market Performance
When looking at The Manufacturing US Economy At-a-Glance in the Trends Report™, which highlights the performance of several key markets, the majority are in Phase C, Slowing Growth. There is one noteworthy sector in the Manufacturing Trends Report that is currently in Phase D, Recession: US Mining Production (excluding oil & gas).
US Mining Production (excluding oil & gas) is expected to remain in Phase D, Recession, through the rest of 2024, with recovery, and eventual growth, in the market coming in 2025. Growth will continue through 2026, but the rate of growth will be slowing.
Looking Toward the Future
With 2024 soon coming to an end, what does the future look like for the manufacturing industry? With tools like the Trends Report, you can gain access to our US Manufacturing At-a-Glance dashboard in ITRonDemand.
ITR Economics provides subscribers with a detailed look into the future of their markets, three years out, with a high degree of accuracy.
Subscribers, especially those in the manufacturing world, will be able to see our expert outlook for several of their key markets. These include an overview of each market’s expected performance for the next few years, key insights into current and future trends, and actionable advice for making the most of the opportunities to come.
ITR Economics can give you the insights needed to improve your business strategy with confidence and be more proactive in your decision-making and actions.
Given the numerous opportunities emerging in each manufacturing market, it is more important than ever to be following ITR Economics so you can be confident in your business planning. With insights from our business-minded economists, we help your business takes advantage of upcoming market opportunities so you are not caught behind your competition.