Blog posts

  • June Retail Sales Up - US Economy sees ongoing growth

    July 20, 2015
    Retail sales in June came in 2.9% higher than the year-ago level. This is the best year-over-year performance since January 2015. The May-to-June seasonal decline in retail sales activity (nominal dollars) was milder than each of the last three years. It was a good June. Automobile retail sales...

  • ITR Economics BULLETIN: US Census Bureau Annual Revision

    June 10, 2015
    On May 15, the US Census Bureau released their annual revision to the New Orders data ITR Economics uses in EVPs, Reports, and our monthly publications. The resulting revision was one of the largest we have ever seen, and many sectors were dramatically affected. As an example of how severe this...

  • Manufacturing Reality

    May 27, 2015
    I read a recent article written by a former manufacturing executive in which he expressed his grave concerns over free trade agreements. He lays the following problems at the feet of free trade: massive trade deficit of over $10-$11 trillion; millions of good paying jobs have been lost (net);...

  • Tax time cut into Retail Sales in April

    May 14, 2015
    April retail sales came out and the numbers were weak (not seasonally adjusted and not adjusted for price changes). Data for all categories is not yet available but we can note the following: The relative weakness was wide spread Weakness took the form of year-over-year comparisons noticeably...

  • ITR in the Media: Featured in this month's Production Machining

    April 30, 2015
    ITR Economics' CEO Brian Beaulieu recently gave the keynote presentation at PMPA’s (Precision Machined Products Association) Management Update Conference. At the conference, Brian provided the attendees with an 11-point list of objectives to ensure preparedness and success in 2015-2018. What did...

  • 2015 ITR Economic Trends Summit

    February 14, 2015
    Brian & Alan Beaulieu on how to enhance confidence, reduce risk, and profit from today’s economic trends Where and When: June 19, 2015 | Palmer House Hilton - Chicago IL The 2015 ITR Economic Trends Summit will provide attendees with an understanding of the economic trends they will have to...

  • ITR Economics 2014 Forecasts Show 98% Accurate Rating

    January 8, 2015
    Each year, ITR Economics generates forecasts based on our analysis of current trend probabilities, leading indicator input, news/market observations and their likely impact on trends, and our unique business cycle theories. Our mission is to maintain a minimum 94% forecast accuracy looking twelve...

  • The Other Side of the Coin

    December 18, 2014
    We have discussed falling oil prices in our ITR Trends Report and in a previous blog.  A stronger dollar is one of the factors that have made cheaper oil possible.  This has been a boon to consumers and businesses as both transportation and heating costs have eased.  However, there...

  • We’re number 2? Not so Fast!!

    December 10, 2014
    The International Monetary Fund announced that China’s economy is now bigger than the US economy.  This illusion is created using Purchasing Power Parity (PPP).  It is used by some folks to measure economic activity like income or how much a Big Mac costs from one country to the next....

  • What do today's lower energy prices mean for the US Economy?

    December 3, 2014
    NYMEX WTI Crude Oil is cruising at $66.73 as this is written.  ITR Economics had not expected the continued fall in oil prices and we shall be revising our forecast before long.  However, for the moment we are going to take a wait-and-see approach as global producers weigh their next...