HARDI/ITR Quarterly Construction Forecast (Part 2)

Steel Market Update is a member of an association connected to the construction industry called HARDI. HARDI stands for Heating, Air-conditioning & Refrigeration Distributors International. HARDI and The Institute for Trend Research (ITR), an economic forecasting company, work together to gather economic data to provide a forecast to the HARDI members located in the United States and Canada. The information shared in our newsletter is only part of a much larger package seen by participating HARDI member companies.

In our last issue we noted that ITR has revised its economic outlook for 2014—raising its prediction for the downside of the business cycle to a much softer 1.2 percent decline from an original forecast of a 3.3 percent decline. Having covered the Northeast, Mid-Atlantic, and Southeastern Region, this issue will present the forecasts for the Great Lakes, Central, Southwestern and Western regions.