Economy
October 22, 2017
HARDI/ITR Quarterly Forecast October 2017, Part 1
Written by Sandy Williams
Steel Market Update is a member of an association connected to the construction industry called HARDI, which stands for Heating, Air-conditioning & Refrigeration Distributors International. HARDI and economic forecasting company ITR Economics work together to gather economic data to provide a forecast to the HARDI members 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 three-month and 12-month moving averages to determine where business is within the growth cycle. Today’s issue will cover the general economic overview, as well as construction forecasts for the Northeast, Mid-Atlantic, and Southeastern Region based on data through third-quarter 2017.
