The April 2024 NFFS Economic Advisor is now available! Please note that you must log in to your member account to see this members-only publication.
In this issue:
- A Closer Look: The U.S. Economy: Winners and Losers in 2024: "As we break into the second quarter of 2024, it is clear that there may be a wider divergence between the winners and losers in this particular cycle than businesses are accustomed to seeing."
- Macroeconomic Outlook: "A resilient consumer, the distribution of government spending, and
onshoring efforts have eased much of the burden of high interest rates and restrictive monetary policy. However, given recent inflation results, the Fed seems unlikely to lower interest rates in
the near term.” - Leading Indicator Snapshot: "The ITR Leading Indicator™ rose in March. Despite recent rise in the Indicator, elevated interest rates coupled with recent weakness seen across a collection of consumer indicators suggest there will be mild decline in US Industrial Production this year."
- Manufacturing Industry Analysis: "US Total Manufacturing Production in the 12 months through March was 0.4% below the year ago level. The effects of nearshoring are mitigating some of the expected decline in the near term."
- Readers Forum: "I read that inflation came in strong this past month. What does this mean for my business? Jenna Allen, Economist at ITR Economics™, answers."
The NFFS Economic Advisor provides economic data that is sourced and compiled on a monthly basis by ITR Economics for members of NFFS. It provides leading indicator trend data and relevant economic news to assist foundries with their internal economic analyses and business planning.