First Quarter 2010 Economic Pressure Curves
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The current data suggests we have moved out of a late phase D of the pressure curves in most industries and into an early phase A of the pressure curve cycle. The trend for industrial production seems to show signs of growth or at least a mild recovery.
Late Phase A (Early Recovery) actions: continue to monitor expenses, begin increasing production levels, monitor staffing, and increase market research activities to develop focus.
Institute for Trend Research's (ITR) analysis of the Conference Board’s US Leading Indicator shows a continual rise through February. They think that the actual Index may be approaching a peak, but the implications for overall economic recovery through 2010 remain positive, as the actual Index typically leads US Industrial Production by 13 months. ITR is not changing their outlook for 2010 --- they suggest that the recovery trend may stabilize or stumble somewhat moving into 2011.
Please contact John Moore for more detail.