June 2024 Economic Advisor now available

The June 2024 NFFS Economic Advisor is now available! Please note that you must log in to your member account to see this members-only publication.

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In this issue:

• A Closer Look: The U.S. Economy: Inflation and the Pricing Cascade (Prices, Prices, Prices!): "Look to track the relevant prices upstream from your business to stay ahead of trends coming your way. Your best bet for tackling margin pressures may be to optimize your operations, potentially recruiting the help of AI or other technologies along the way. If your business is energy-intensive, consider adopting more efficient processes to circumvent high energy costs."
  
• Macroeconomic Outlook: "Now is the time to assess your labor or business needs ahead of expected macroeconomic rise in 2025. Determine which goods and services will perform best in an accelerating growth environment and develop a gameplan to showcase them."
• Leading Indicator Snapshot: "Rise across a number of our key leading indicators supports our forecast for economic growth in 2025 to be more robust than in 2024. The strength of leading indicator rise is weak in some cases, lending support to our forecast for 2025 rise to be milder than in the stimulus-induced growth period of 2021-22, for example."
• Manufacturing Industry Analysis: "US Total Manufacturing Production in the 12 months through May was 0.5% below the yearago level. Our ITR Leading Indicator™ is rising, signaling that the downturn will be relatively mild and that 2025 is likely to be a stronger year than 2024." 
• Readers Forum: "With the European Central Bank cutting rates recently, what are the implications for future Fed decisions? "

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.