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

Steel groups welcome passage of budget bill
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.

Industry groups praise Senate for passing tax and budget bill
The Steel Manufacturers Association and the American Iron and Steel Institute applauded the tax provisions included in the Senate's tax and budget reconciliation bill.

Chicago PMI dips 0.1 points in June
The Chicago Purchasing Managers Index (PMI) slipped 0.1 points to 40.4 points, in June.

Multi-family pullback drives housing starts to 5-year low in May
US housing starts tumbled in May to a five-year low, according to figures recently released by the US Census Bureau.

Architecture firms still struggling, ABI data shows
Architecture firms reported a modest improvement in billings through May, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.