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Industry outlook for US food and foods preparation production

Food production in the US enjoyed accelerated grow in 2017 and will continue, according to the Q1 Quarterly Economic report from PMMI Business Intelligence.

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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.

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