HARDI/ITR Quarterly Forecast January 2017, 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.

ITR looks at data using a 3 month and 12 month moving average to determine where business is within the growth cycle. Our last issue covered the general economic overview as well as construction forecasts for the Northeast, Mid-Atlantic, and Southeastern Region based on data as of the end of November 2016. Today we will cover the Great Lakes, Central, Southwestern and Western regions.