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U.S. NFDA Published Market Outlook in 2011

2011-03-04

The macroeconomic condition appears an upward trend. Annual Industrial Production Index in January rose 6.0%. Although Monthly Index also demonstrated an increase, the growth rate was slowing down. It is expected that the growth rate in the first months of 2011 will not be too fast. With the increasing strength of various leading indexes and capital supply, the possibility of the double-dip recession in 2011 is greatly reduced. Influenced by the recovery of manufacturing, the ISM Purchasing Managers Index in January rose to 60.8, which is the highest record since 2004. Many industries in the first months of 2011 appear stable growth, too. For many managers, now is the best timing to expand the business activities. However, the growth will be slower than occurred in 2010. Also, benefited by the weak dollars, the order for metal working machinery is increasing. But U.S. Congress cut down the budget substantially, causing the possible reduction in orders for defense capital goods. Generally, the market in 2012 will see some improvement. Source: NFDA