The December 2024 Economic Advisor, published by ITR Economics for NFFS members, is now available. Please note that you must log in to your NFFS account to see this members-only publication.
FEATURED ARTICLE
A Closer Look: The U.S. Economy: The U.S. Economy – New Year’s Resolutions to Ride the Business Cycle
by Michelle Kocses, ITR Economics
As the year ends, we often turn inward and reflect on what we could have done better and then establish what we want to accomplish in the coming year. As with individual New Year’s resolutions, there are many timeless business goals. Your best chance for success is in building goals that account for where your market is in the business cycle now and for where that momentum is heading in the next few years.
ALSO IN THIS ISSUE
- ITR's Macroeconomic Outlook
"The US economy is on track for modest rise in 2025... Manufacturing is poised for mild growth. Keep in mind that some individual markets may outpace the macroeconomy in terms of growth, while others will trail behind." - Make Your Move, a monthly tip for managers
"Inflationary pressures in 2025 may clash with lingering price sensitivity. Identify the price index for your business, and make sure your prices are moving in line with what the market data is saying..." - Investor Update
"The S&P 500 erased October’s tick-down and then some, rising an abnormally strong 5.7% from October to November..." - ITR Economics' Long Term View
"2024 – Retail Growth; Industrial Flat, 2025..." - Leading Indicator Snapshot
"The preponderance of economic evidence, including rising inflation-adjusted savings levels and elevated corporate profits, still suggests that U.S. Industrial Production activity will pick up somewhat in the second half of 2025..." - Manufacturing Industry Analysis
"Annual U.S. Manufacturing Production in October was 0.2% below the year-ago level... Reshoring trends are an upside factor that will persist in the coming years." - State-by-State Analysis: GDP
"US Real Gross Domestic Product (GDP) in the third quarter came in 2.7% above the year-ago level; growth is slowing..." - Reader's Forum
"With the potential for further Federal Reserve rate cuts ahead, when is the best time to take out a loan to invest in my business?"
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.
NFFS Members: Don't forget to visit the NFFS Economic Portal, an all-in-one platform that provides a wealth of economic insights and invaluable resources to help members navigate the ever-changing business landscape.