NFDA February Economic Outlook Report Released

NFDA February Economic Outlook Report: US macroeconomic conditions remain positive as we move through the first quarter of 2012. While the rate of growth has slowed over the past 10 months, indicators point to ongoing economic expansion for the next two years.
 
Our major benchmark of the US economy, US Industrial Production, is 4.0% above last year and rising (12MMA basis). The Total Industry Capacity Utilization Rate in January came in at 78.6%, 1.7 percentage points above last year, indicating less machinery is sitting idle. This is good news for ongoing growth in the US economy through the next two years.

This is just a summary of the report's findings. NFDA members can download the entire 24 page report by logging into the NFDA website and selecting "Economic Trends" in the Member's Only menu.