US manufacturing set to improve: economist

Nov 19, 2013 | 01:41 PM | Corinna Petry

Tags  Fabtech conference, economic forecast, Alan Beaulieu, ITR Economics, consumer spending, interest rates, Janet Yellen, business borrowing metalforming

CHICAGO — U.S. manufacturers and their metalforming, fabricating and finishing vendors will see sales rise during the first half of next year, with 2015 bringing even stronger results, an economist told participants at the Fabtech conference in Chicago.

Alan Beaulieu, president of Boscawen, N.H.-based ITR Economics, expects some contraction in the second half of 2014 but said "business will grow faster and you’ll need more of everything," including people and equipment, in 2015. He said the brief lull will be due to automakers overbuilding inventory as a wide swath of consumers will be reluctant to take out a car loan. Consumers’....

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