Economy
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/2b25c77c372b8cbea65f8983c63a2b6f.jpg)
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Economy
Metalformers expect steady conditions in coming months
Metalformers expect economic activity to stabilize over the next three months, according to the recently released July Business Conditions Report from the Precision Metalforming Association (PMA).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/construction.png)
Architecture Billings Index rises from 4-year low in June
The Architecture Billings Index (ABI) ticked up in June following May’s four-year low, according to the American Institute of Architects (AIA) and Deltek. While the index improved this month, it continues to indicate weak business conditions among architecture firms.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/FedRes.png)
Beige Book: Uncertainty to continue fueling slower economic growth
Growth in the US economy continues to be constrained. The Federal Reserve’s Beige Book report for July shows more areas reporting flat or declining economic activity than in its previous report at the end of May.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI, AISC, University of Massachusetts get ~$6.4M EPA grant
The American Iron and Steel Institute (AISI), American Institute of Steel Construction (AISC), and the University of Massachusetts at Amherst have received a grant to enhance emissions reporting for steel construction projects.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/empire_state_1-scaled.jpg)
Manufacturing activity in New York state continues to soften
New York state saw a continued decline in manufacturing activity in July, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.