A new report, Quarterly Economic Outlook Planning For First Quarter of 2018, conducted for PMMI Business Intelligence by ITR, says the majority of segments of the US core economy are expanding, and leading indicators corroborate expectation of accelerating growth into the first half of 2018.
Rising global demand and higher commodity prices contributed to growth in US Nondefense Capital Goods New Orders and both US Wholesale Trade of Durable Goods and Nondurable Goods.
The report says to plan for increasing volume and higher costs over the next three quarters if your business is related to the industrial economy. US Industrial Production is accelerating, up 1.3% year over year in October. The manufacturing and mining components of US Industrial Production are expanding while the utilities sector declines.
US consumers are finding themselves in an optimal economic situation consisting of rising real wages, low unemployment, low inflation, low interest rates, a rising stock market, and relatively-low commodity prices.
