ISA releases 2Q Economic Outlook Report
The Industrial Supply association (ISA) has just released its 2013 2nd quarter forecast report prepared by Alan Beaulieu and ITR Economics. The report covers the industrial supply industry and nine of its important customer segments. Indications are pointing to a strong first half of 2013, and a slower, but still positive second half.
Both consumer and business spending are up. Housing starts are forecasted to be up 21.2% year-over-year to go along with car sales, which are up 17.6%. New orders for durable goods posted a 1.8% increase in the 4th quarter 2012 and are forecasted to be up for the year. However, this positive number will not last into 2014.
One of the best leading economic indicators, corporate bond prices, turned down in January, which is usually followed nine months later with a slow down.
Following is a breakdown of the nine customer segments:
|
'13 |
'13 |
|
|
Segment |
2Q |
Full year |
|
Durable Manufacturing Production |
7.1 |
3.7 |
|
Civilian aircraft Equipment Production |
16.4 |
9.5 |
|
North American Light Vehicle Production |
16.1 |
0.6 |
|
Electrical Equipment Production/No Appliances |
6.0 |
3.5 |
|
Farm Machinery Equipment |
-4.9 |
8.3 |
|
Industrial Machinery Production |
-3.7 |
-7.0 |
|
Chemical Products Production |
0.3 |
3.6 |
|
Nondurable Manufacturing Production |
0.9 |
3.5 |
|
Private Non-residential Construction |
15.7 |
3.5 |
The Economic Forecast Report is published quarterly by the Industrial Supply Association. The 20-page report is provided free of charge to members as a member service. A subscription is available for nonmembers to purchase the reports. For information on subscription fees, click here.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
