The reason that PMPA members closely follow the ITR Quarterly Forecast Report is that their process of analysis clarifies and makes patterns clear that the news cycle seems to miss. Everybody seems to know that the economy is terrible, people can’t find work, and sales are down in many sectors. And yet Inflation IS easing, Real Incomes ARE RISING, and Employment is at RECORD HIGHS. In this month’s ITR forecast, we get a guided tour as to which important industry segments are plateauing, which declining, and which are in recession. And why that may be good news- as the data shows that those markets will probably be in recovery in 2025. What is the broader market data forecasting for the 8 Industries that drive our precision machining shops in 2025? Check out in this month’s PMPA November 2024 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.