Economy

ITR Economics Publishes 2015 Forecast Results
Written by John Packard
January 14, 2016
There is a reason why Steel Market Update looks to the ITR Economics to provide economic forecasts and overviews for our conferences. The company is just darn good at evaluating the data and steering us in the right direction. The Institute for Trend Research (ITR Economics) reported the results of their 2015 forecast made in January 2015 for the calendar year. As you can see by the table below their accuracy levels ran from 94.7 percent to 99.80 percent.
ITR Economics will be involved in two Steel Market Update programs this year. Economist Alex Chausovsky will speak at our 2016 Leadership Summit Conference on March 7-9 at the PGA National Resort & Spa.
Alan Beaulieu, one of the company founders and one of the top economists in the United States, will be a keynote speaker at our 6th Steel Summit Conference which will be held in Atlanta, Georgia on August 30-31st at the Georgia International Convention Center.
We encourage our readers to attend one, or both, of these conferences. You can find more details on our website: www.SteelMarketUpdate.com/Events. To see if we have any special rates for either conference please contact us at: 800-432-3475 or by email at: info@SteelMarketUpdate.com
As we mentioned above, Alex Chausovsky of ITR Economics will be speaking at our March 2016 Leadership Summit Conference in Palm Beach Gardens, Florida. Alex will be doing a special presentation not only discussing the economic forecast and climate but where we are in the business cycle and what companies should be doing to prepare for what is coming.

John Packard
Read more from John PackardLatest in Economy

Chicago Business Barometer falls back in April, remains in contraction
The Chicago Business Barometer declined in April, reversing March’s gains, according to Market News International (MNI) and the Institute for Supply Management (ISM).

Fewer manufacturers optimistic about the economy
PMA’s April report shows that only 16% of surveyed manufacturers anticipate an increase in economic activity in the next three months (down from 23% in March)

Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.

Beige Book shows concerns about trade policy
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.

New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey