ITR Economics

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https://itreconomics.com/

More info on ITR Economics

ITR Economics is the oldest privately held, continuously operating economic research and consulting firm in the U.S. ITR Economics has provided business leaders with economic information, insight, analysis and strategy since 1948.

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April 2024 Equipment Market Outlook

Data suggests business confidence is improving, especially in the private nonresidential construction sector. However, borrowing conditions remain restrictive, signaling the further slowing of growth in construction ahead.

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March 2024 Equipment Market Outlook

January's U.S. heavy-duty truck production was 2.6% above the year-ago level, though growth is slowing. Experts say further decline is likely, given general decline in wholesale trade coupled with waning revenue within the truck transportation sector.

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February 2024 Equipment Market Outlook

Data shows mining production in the U.S. was 4.9% higher in 2023 than in 2022, with annual production continuing to rise at a slowing pace. However, a weakening macroeconomy will reduce demand for mined raw materials in the quarters ahead.

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January 2024 Equipment Market Outlook

While positive momentum in some areas, such as construction machinery orders, may suggest improvement, the potential for mild macroeconomic decline still looms for several areas of the economy.

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December 2023 Equipment Market Outlook

Data suggests there is potential to resume a pattern of near-term growth. However, experts warn this is unlikely given other factors, including declining corporate profits, elevated interest rates and softening consumer finances.

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November 2023 Equipment Market Outlook

Annual new orders of construction machinery in the U.S. hit a record high, up 11.5% above the year-ago level. However, machinery production is moving lower from a tentative May 2023 peak.

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Adobe Stock 270531549

April 2024 Equipment Market Outlook

Data suggests business confidence is improving, especially in the private nonresidential construction sector. However, borrowing conditions remain restrictive, signaling the further slowing of growth in construction ahead.

Adobe Stock 204293849

March 2024 Equipment Market Outlook

January's U.S. heavy-duty truck production was 2.6% above the year-ago level, though growth is slowing. Experts say further decline is likely, given general decline in wholesale trade coupled with waning revenue within the truck transportation sector.

Adobe Stock 327849102

February 2024 Equipment Market Outlook

Data shows mining production in the U.S. was 4.9% higher in 2023 than in 2022, with annual production continuing to rise at a slowing pace. However, a weakening macroeconomy will reduce demand for mined raw materials in the quarters ahead.

Adobe Stock 414355364

January 2024 Equipment Market Outlook

While positive momentum in some areas, such as construction machinery orders, may suggest improvement, the potential for mild macroeconomic decline still looms for several areas of the economy.

Adobe Stock 615003973 Resize

December 2023 Equipment Market Outlook

Data suggests there is potential to resume a pattern of near-term growth. However, experts warn this is unlikely given other factors, including declining corporate profits, elevated interest rates and softening consumer finances.

Adobe Stock 212362020

November 2023 Equipment Market Outlook

Annual new orders of construction machinery in the U.S. hit a record high, up 11.5% above the year-ago level. However, machinery production is moving lower from a tentative May 2023 peak.

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October 2023 Equipment Market Outlook

Data shows a 12% growth rate in annual new orders of construction machinery in the U.S., however a softening macroeconomy and deflation in some commodities signal a slowdown in both private nonresidential and total public construction.

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September 2023 Equipment Market Outlook

Flat U.S. construction machinery orders paired with elevated interest rates and slowing economic activity will likely hinder demand for construction and related machinery purchases in the coming quarter.

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August 2023 Equipment Market Outlook

Economic data indicates an approaching low for the U.S. industrial sector. On the construction machinery front, struggles suggest weakness ahead for new orders, with equipment rentals likely growing in popularity relative to equipment purchases.

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Inside the Data: What's the Latest on US Construction Machinery New Orders?

Rentals may be on the rise as elevated interest rates and slowing economic activity hinder demand for construction and related machinery purchases in the coming quarters.

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Economic and Political Uncertainties May Affect Growth of Construction Industry

While near-term growth in the global construction equipment industry is uncertain, infrastructure development and investments will drive the industry over the long term.

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Noted Economist Alan Beaulieu to Speak at GIE+EXPO 2017

Alan Beaulieu of ITR Economics will deliver a keynote address on Oct. 18 at GIE+EXPO, focusing on the current economic climate and where it's headed in the next few years.