ITR Economics

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https://itreconomics.com/

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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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November 2024 Equipment Market Outlook

The economic outlook suggests muted growth for the first half of 2025 in the United States as high interest rates and inflation remain a concern, but there are some positive upward trends.

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October 2024 Equipment Market Outlook

The economic outlook remains muddled due to concerns about inflation and lower production overall in multiple industries muting short-term growth and in 2025.

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September 2024 Equipment Market Outlook

U.S. industrial production slightly ahead in September compared to the same period in 2023. However, conditions in Europe are down and the monthly rate-of-change for the OECD Leading Indicator is mildly declining.

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August 2024 Equipment Market Outlook

Q3 2024 data, U.S. steel scrap prices and elevated interest rates suggest near-term downward pressure for construction machinery new orders, despite gains in recent months.

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July 2024 Equipment Market Outlook

Data shows U.S. Construction Machinery New Orders in April 2024 were 9.8% above the year-ago level. However, prior decline in residential construction and upcoming decline in nonresidential construction signal downside pressure on related new orders.

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June 2024 Equipment Market Outlook

Data reveals Annual U.S. Farm Machinery Shipments ticked up in March. Although they were 11.8% below the year-ago level, April marks the fifth consecutive month of improvement as shipments recover.

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Adobe Stock 841834042

November 2024 Equipment Market Outlook

The economic outlook suggests muted growth for the first half of 2025 in the United States as high interest rates and inflation remain a concern, but there are some positive upward trends.

Adobe Stock 161220982

October 2024 Equipment Market Outlook

The economic outlook remains muddled due to concerns about inflation and lower production overall in multiple industries muting short-term growth and in 2025.

Adobe Stock 332660385

September 2024 Equipment Market Outlook

U.S. industrial production slightly ahead in September compared to the same period in 2023. However, conditions in Europe are down and the monthly rate-of-change for the OECD Leading Indicator is mildly declining.

Adobe Stock 806784579

August 2024 Equipment Market Outlook

Q3 2024 data, U.S. steel scrap prices and elevated interest rates suggest near-term downward pressure for construction machinery new orders, despite gains in recent months.

Adobe Stock 424110780

July 2024 Equipment Market Outlook

Data shows U.S. Construction Machinery New Orders in April 2024 were 9.8% above the year-ago level. However, prior decline in residential construction and upcoming decline in nonresidential construction signal downside pressure on related new orders.

Adobe Stock 504413749

June 2024 Equipment Market Outlook

Data reveals Annual U.S. Farm Machinery Shipments ticked up in March. Although they were 11.8% below the year-ago level, April marks the fifth consecutive month of improvement as shipments recover.

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May 2024 Equipment Market Outlook

This month's data indicates construction machinery new orders had a mild uptick in growth, coming in 12.5% above the year-ago level. The growth rate has been oscillating in the low double-digits for more than a year.

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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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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.