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Economist Alan Beaulieu's presentation to the Vistage/Butler CEO Economic Summit, August 16, 2012
Citation preview
Vistage/Butler CEO Economic Summit August 2012
Make Your Move
Alan BeaulieuITR Economics™
www.itreconomics.com
www.itreconomics.com
Duration Forecast Actual
GDP 18 $13.525 $13.332 (‐1.4%)
US Ind Prod. 11 93.1 (12MMA) 93.8 ( 0.8%)
EU Ind. Prod. 11 101.1 (12MMA) 101.2 ( 0.1%)
CA Ind. Prod. 21 96.6 * 4.1% 96.0 ( 0.6%)
Retail Sales 18 $2.116 Trillion $2.106 (‐0.5%)
Housing 17 579 Ths Units 607 ( 4.8%)
Employment 20 141.1 million 139.9 (‐0.9%)
CPI 17 2.9% 3.2%
* End of year 12‐month index estimate
Results for 2011 2
www.itreconomics.com
3
US, Indiana and the Great Lakes Annual GSP Growth Rate
-8
-6
-4
-2
0
2
4
6
8
'98 '00 '02 '04 '06 '08 '10 '12
U.S. Indiana Great Lakes
www.itreconomics.com
4.7%
-16
-12
-8
-4
0
4
8
12
-16
-12
-8
-4
0
4
8
12
'82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
GDP US IP
4
US Industrial Production to Gross Domestic Product
‐14.6%
‐5.3%‐3.1%
‐7.1%
Year‐over‐year Quarter to Quarter (3/12)
www.itreconomics.com
5
• Leading indicators pointing up
• Liquidity is not an issue
• Exports are up
• Stimulative monetary policy
• Employment rising (companies right‐sized)
• Banks are lending
• Retail Sales
Recovery
www.itreconomics.com
6
www.itreconomics.com
7
• Europe’s financial troubles might…
• China’s housing/inflation bubble could…
• Massive Pending Legislation becomes…
• Oil prices could break through $120 …
• USD could lose all credibility causing…
Recession in 2012
www.itreconomics.com
Source: The Economist
Federal Reserve Act of 1913 32 pagesGlass-Steagall Act 37Dodd-Frank 848Not rules, but instructions on how to create more regulations and bureaucracies
8
www.itreconomics.com
9Total U.S. Public Debt
(% of GDP)
0
20
40
60
80
100
120
140
0
20
40
60
80
100
120
140
1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020
120.0
www.itreconomics.com
10
www.itreconomics.com
Phase 1 – Data Preparation
3/12 Rate‐of‐Change
=
100 100
=.
.100 100 10.5%
RawJan‐10 1.4Feb‐10 1.5Mar‐10 1.5Apr‐10 1.4May‐10 1.5Jun‐10 1.3Jul‐10 1.3Aug‐10 1.6Sep‐10 1.6Oct‐10 1.5Nov‐10 1.7Dec‐10 1.6Jan‐11 1.7Feb‐11 1.7Mar‐11 1.7Apr‐11 1.6May‐11 1.7Jun‐11 1.5Jul‐11 1.5Aug‐11 1.9Sep‐11 1.7Oct‐11 1.7Nov‐11 1.9Dec‐11 1.7
3MMT
4.44.44.44.24.24.34.64.84.84.84.94.95.05.05.04.94.74.95.15.35.35.3
12MMT
18.018.318.518.618.819.019.219.419.619.820.020.120.3
12/12
12.7%
12/12 Rate‐of‐Change
=
100 100
=.
.100 100 12.7%
3/12
14.1%13.6%13.2%15.1%13.5%14.1%11.3%11.5%10.1%10.5%
11
www.itreconomics.com
Phase 2 – Accumulate the Inputs
‐10
‐5
0
5
10
15
‐40
‐20
0
20
40
60
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14
IndicatorSales
Sales
Indicator
12
www.itreconomics.com
Phase 3 – Generate the Quantitative Forecast
ITR Long Term Business Cycle Theory News and Market Observations
Leading Economic IndicatorsInternal Trends
13
www.itreconomics.com
Output ‐ Deliverables
Accurate ForecastsApplicable Advice
14
www.itreconomics.com
US Industrial Production Growth
12/12 annual growth rate
-15
-10
-5
0
5
10
-15
-10
-5
0
5
10
'06 '07 '08 '09 '10 '11 '12 '13 '14 '15
15
www.itreconomics.com
16
10.5
11.0
11.5
12.0
12.5
13.0
13.5
14.0
14.5
10.5
11.0
11.5
12.0
12.5
13.0
13.5
14.0
14.5
'07 '08 '09 '10 '11 '12 '13 '14 '15
3‐Month Moving Average
Real Gross Domestic Product
www.itreconomics.com
17Global Industrial Production Indices
12/12 Rates‐of‐Change
-30
-20
-10
0
10
20
-30
-20
-10
0
10
20
'00 '02 '04 '06 '08 '10 '12 '14 '16
4.1 US
3.7 Mexico
2.1 SE Asia
1.6 Japan
0.9 Europe
-1.6 Brazil
www.itreconomics.com
182011 Exports from Indiana to the World
Billions of USD
29.4%
24.7%
12.7%
6.0%
5.6%
5.1%
16.5%336‐‐TRANSPORTATIONEQUIPMENT
325‐‐CHEMICALS
333‐‐MACHINERY, EXCEPTELECTRICAL
331‐‐PRIMARY METAL MFG
339‐‐MISCELLANEOUSMANUFACTUREDCOMMODITIES334‐‐COMPUTER ANDELECTRONIC PRODUCTS
All Others
www.itreconomics.com
19Unemployment Rates
2
3
4
5
6
7
8
9
10
11
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12U.S. IN
www.itreconomics.com
20Employment – Private Sector
85
90
95
100
105
110
115
120
85
90
95
100
105
110
115
120
'92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
Employment Mils of Jobs
Annual Data Trend
www.itreconomics.com
Location Quotient: Private employment compared to a base region. The comparison is to the share of jobs, not to the simple number of jobs. E.g. 1.29 means that the city/state has a 29% great concentration of a particular job than is found in the base region.
21Nation to Indianapolis
Location Quotients calculated from Quarterly Censusof Employment and Wages Data
Industry Marion County, Indiana
Base Industry: Total, all industries 1
Natural resources and mining 0.08
Construction 0.98Manufacturing 1.07
Trade, transportation, and utilities 0.99
Information 0.84
Financial activities 1.15
Professional and business services 1.09
Education and health services 1.06Leisure and hospitality 0.88Other services 0.93
Unclassified 0
www.itreconomics.com
90
130
170
210
250
290
330
370
-32
-24
-16
-8
0
8
16
'98 '00 '02 '04 '06 '08 '10 '12 '14
MMAR-O-C
5.9
124.208
7.2
22
Indiana Construction Industry Employment
3/1212/12
3MMA 12MMA
Thousands of Units
www.itreconomics.com
10
30
50
70
90
110
130
-40
-30
-20
-10
0
10
20
'98 '00 '02 '04 '06 '08 '10 '12 '14
MMAR-O-C
12.2
42.733
16.3
23
Indianapolis ‐ Carmel Construction Industry Employment
3/12
12/12
3MMA 12MMA
Thousands of Units
www.itreconomics.com
24
Commercial & Industrial Loans at Commercial Banks
-20
-15
-10
-5
0
5
10
15
20
25
-20
-15
-10
-5
0
5
10
15
20
25
'82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
3/1212/12
Rates‐of‐Change
10.7%
www.itreconomics.com
25Delinquency Rates for C&I Loans
-36.9%-42.4%
-80
-40
0
40
80
120
160
-80
-40
0
40
80
120
160
'90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
3/12
12/12
3/12 & 12/12 Rates‐of‐Change
www.itreconomics.com
26Delinquency Rates on Consumer Loans
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
6.5
7.0
'90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14
Consumer Loan Delinquency Rate
Consumer Credit Card Delinquency Rate
Percentage Percentage
10 Year Average
10 Year Average
3MMA Data Trends
www.itreconomics.com
27Copper Futures Prices
0
100
200
300
400
500
0
100
200
300
400
500
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
Raw
12MMA
Cents per Pound,Data Trends
www.itreconomics.com
28Crude Oil Futures Prices
0
25
50
75
100
125
150
0
25
50
75
100
125
150
'92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
RAW
12MMA
84.96
95.09
Light & Sweet $ per Barrel, Data Trends
www.itreconomics.com
29
52%49%
45%
57%58%60%60%
www.itreconomics.com
30Inflation US and the Midwest
97
98
99
100
101
102
103
104
105
106
'96 '98 '00 '02 '04 '06 '08 '10 '12 '14U.S. Midwest
www.itreconomics.com
00
Soft Landing
31Trends 10
HousingProduction
Medical
New Orders
Soft Landing
Financial
Retail
Wholesale Trade
Prices
ForeignNonresidentialConstruction
Hard Landing
www.itreconomics.com
32
US Industrial Production to Chemicals & Products Production
-16
-12
-8
-4
0
4
8
12
-16
-12
-8
-4
0
4
8
12
'92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
ChemicalsUS IP
US IPChemicals
12/12 Rates‐of‐Change
www.itreconomics.com
33
US Industrial Production to Information Technology New Orders
-40
-30
-20
-10
0
10
20
30
-16
-12
-8
-4
0
4
8
12
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
OrdersIndex
Index
Orders
12/12 Rates‐of‐Change
www.itreconomics.com
34
US Industrial Production to Foods Production
-12
-9
-6
-3
0
3
6
9
-16
-12
-8
-4
0
4
8
12
1975 1980 1985 1990 1995 2000 2005 2010 2015
ProductionUS IP
US IP
Food Production
12/12 Rates‐of‐Change
www.itreconomics.com
35
US Industrial Production Index to Fabricated Metal Products Production
-40
-30
-20
-10
0
10
20
30
-16
-12
-8
-4
0
4
8
12
1970 1975 1980 1985 1990 1995 2000 2005 2010 2015
MetalUS IP
US IP
Metal Production
12/12 Rates‐of‐Change
www.itreconomics.com
36
-18
-12
-6
0
6
12
-18
-12
-6
0
6
12
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
PlasticsUS IP
US IP
Plastics
US Industrial Production to Plastics Products Production
12/12 Rates‐of‐Change
www.itreconomics.com
37US Industrial Production to Tourism
-16
-12
-8
-4
0
4
8
12
-16
-12
-8
-4
0
4
8
12
'00 '02 '04 '06 '08 '10 '12 '14
TourismUS IP
US IPTourism
12/12 Rates‐of‐Change
www.itreconomics.com
38
Nondefense Capital Goods New Orders w/o Aircraft
3.37.8
$782.5
400
600
800
1000
1200
1400
1600
-80
-60
-40
-20
0
20
40
'92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Oct '09
Nov '09
Jul '08
Feb '113/12 12/12
3MMT
12MMT
Billions of $
www.itreconomics.com
39
US Industrial Production to ITR Leading Indicator
USIP – 12/12Indicator ‐Monthly
‐14
‐7
0
7
14
21
‐14
‐7
0
7
14
21
'78 '80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16
IndicatorUSIP
USIP
Indicator
US Industrial Production to indicator 9
Correlation: 0.86
www.itreconomics.com
University of Michigan Consumer Expectations Index
-40
-30
-20
-10
0
10
20
30
40
-40
-30
-20
-10
0
10
20
30
40
'07 '08 '09 '10 '11 '12 '13
12/12
3/12
-3.6
9.5
12/12 Rate‐of‐Change
40
www.itreconomics.com
Chicago Fed National Activity Index
3 Month Moving Average
-4.7
-3.9
-3.1
-2.3
-1.5
-0.7
0.1
0.9
-4.7
-3.9
-3.1
-2.3
-1.5
-0.7
0.1
0.9
'07 '08 '09 '10 '11 '12 '13
3MMA
-0.3
41
www.itreconomics.com
42
30
35
40
45
50
55
60
65
70
30
35
40
45
50
55
60
65
70
'90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
Raw
Purchasing Managers Index
Raw Data
www.itreconomics.com
60
80
100
120
60
80
100
120
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
Actual
12MMA
94.7
43US Leading Indicator
www.itreconomics.com
44Stock Prices Index
0
200
400
600
800
1000
1200
1400
1600
0
200
400
600
800
1000
1200
1400
1600
1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015
Raw
12MMA
Data Trends
www.itreconomics.com
45
2.42.4
$2.109
1.00
1.75
2.50
3.25
4.00
4.75
-21
-14
-7
0
7
14
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Jul '09
Jan '10
Nov '07
Retail Vacancy Rate 20.1%Net Absorption – pos
Expect increases in rents
Retail Sales Excluding Automobiles
3/123/1212/1212/12
3MMT3MMT12MMT12MMT
Trillions of 82‐84$
Avg household income of $97.1Nation: $122.4 Southwest: $119.4
www.itreconomics.com
46
Legal Services Expenditures to Retail Sales excluding Autos
-6
-3
0
3
6
9
12
-6
-3
0
3
6
9
12
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
Retail SalesLegal
Legal Services
Retail Sales
12/12 Rates‐of‐Change
www.itreconomics.com
47
Recreation to Retail Sales excluding Autos (not Deflated)
-20
-10
0
10
20
30
-8
-4
0
4
8
12
'82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
RecreationRetail Sales
Retail Sales
Recreation
12/12 Rates‐of‐Change
www.itreconomics.com
48
Retail Sales Excluding Autos to Beer, Wine, & Liquor Stores
-6
-4
-2
0
2
4
6
8
-9
-6
-3
0
3
6
9
12
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
SalesStores
Liquor Stores
Retail Sales
12/12 Rates‐of‐Change
www.itreconomics.com
49
27.6
15.5
0.653
0.2
0.7
1.2
1.7
2.2
2.7
3.2
3.7
4.2
-90
-75
-60
-45
-30
-15
0
15
30
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Housing Starts
3/12
12/12
3MMT12MMT
Millions of Units
www.itreconomics.com
50Indiana Housing Price Index
Year over Year % Change
100
125
150
175
200
100
125
150
175
200
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
Raw
www.itreconomics.com
0
10
20
30
40
50
60
-120
-90
-60
-30
0
30
60
'98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
4.8
5.019
32.3
3/12
12/12
3MMT12MMT
51Indianapolis Building Permits
Thousands of Units
www.itreconomics.com
52US to Indianapolis Median Home Sale Prices
Annual Data Trends
60
90
120
150
180
210
240
60
90
120
150
180
210
240
'02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14
IndianapolisUS
US MedianIndianapolis Median
$165.7
$123.2
www.itreconomics.com
53
US Industrial Production toPrivate Non‐Residential Construction
-16
-12
-8
-4
0
4
8
12
-40
-30
-20
-10
0
10
20
30
'82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
US IPConstruction
Private Construction
US IP
12/12 Rates‐of‐Change
www.itreconomics.com
54
10.6
3.2
23.5
10
25
40
55
70
85
100
115
-125
-100
-75
-50
-25
0
25
50
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Office Buildings Construction
3/1212/12
3MMT
12MMT
Billions of $
www.itreconomics.com
55
14.316.9
42.4
10
30
50
70
90
110
130
150
170
190
-105
-90
-75
-60
-45
-30
-15
0
15
30
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Jan '08
Apr '10
Apr '08
Apr '11
Commercial Buildings Construction
3/1212/12
3MMT
12MMT
Billions of $
www.itreconomics.com
56
37.2
10.7
85.1
10
35
60
85
110
135
160
185
-250
-200
-150
-100
-50
0
50
100
'96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Oct ‘10
Feb '08
Oct ‘10
Dec '09
Power Construction
3/12
12/12
3MMT
12MMT
Billions of $
www.itreconomics.com
57
-0.6-1.3
25.6
5
15
25
35
45
55
65
75
-100
-80
-60
-40
-20
0
20
40
'96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Jan '09
Jun '09
Nov '98
Jun '09
Hospital Buildings Construction
3/12
12/12
3MMT12MMT
Billions of $
www.itreconomics.com
58
32.2
22.2
15.9
4
9
14
19
24
29
34
39
44
-75
-60
-45
-30
-15
0
15
30
45
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Private Educational Buildings Construction
3/12
12/12
3MMT12MMT
Billions of $
www.itreconomics.com
59
-4.6-4.1
69.5
10
35
60
85
110
135
160
185
-100
-80
-60
-40
-20
0
20
40
'94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Public Educational Buildings Construction
3/12
12/12
3MMT12MMT
Billions of $
www.itreconomics.com
60
-2.7-5.7
251.1
80
150
220
290
360
430
500
570
-75
-60
-45
-30
-15
0
15
30
'96 '98 '00 '02 '04 '06 '08 '10 '12 '14
MMTR-O-C
Jul '09
Nov '07
Aug '10
Total State & Local Government Construction
3/12
12/12
3MMT12MMT
Billions of $
www.itreconomics.com
61
00
A
A
B BC C
DD
Expansion
Recession
Four Phases
www.itreconomics.com
Phase Late C ‐ Early B1. Positive leadership modeling (culture turns to
behavior)2. Add Sales Staff and Hire Top People 3. Training programs4. Lock in costs5. Invest in customer market research (know what
they value)6. Judiciously expand credit7. Check distributions systems for readiness to
accommodate increased activity8. Review and uncover competitive advantages9. Improve efficiencies with investment in
technology and software10.Spend $ on new products, marketing, advertising11.Work on “what’s next”
62Phase Management ObjectivesTM
www.itreconomics.com
63
Energy
Green
Water
Canada/Exports
Higher Education
Health Care Practices
Food
Pets
Funeral Services
Alcohol
Security
Legal Services (Diversified)
Find a way to business in the “counter‐cyclical” or largely unaffected areas:
www.itreconomics.com
64
7 Must Watch Items
Money Supply
Corporate Bonds Rate‐of‐Change
US Leading Indicator
Purchasing Managers Index
Retail Sales
Employment
Nondefense Capital Goods New OrdersAvailable from ITR via ITR Trends Report,
the ITR Advisor, or on the web
www.itreconomics.com
65
The Road Ahead(actual results may vary…stay tuned!)
2011 Slower rate of recovery
2012 Ongoing recovery
2013 Flattens out; recession begins
2014 Recession
2015 Growth
2016 Growth
2017 Growth
www.itreconomics.com
Continue Your Quest in Seeing Tomorrow Today Leave your business card to learn more about:
or visit
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“The lessons and strategies you shared as part of the
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enormous value to the more than 700 entrepreneurs
and small business partners in attendance.”
Mark Herlyn
Vice President, Advertising
The New York Times
“Your economic outlook was clear, concise,
professional, thought-provoking, and entertaining,
giving all of us information to assist us in economic
planning for both our personal and professional
lives”
Gregory Bocchi
Executive Director
Powder Coating Institute
“I was in the audience -- mouth wide open, jaw
dropped -- listening to your entertaining, inspiring
and surprising economic reflections yesterday Thank
you for giving such a candid and intelligent take on
the recovery and what it will take to be successful in
the next few years.”
Lida Citroën
LIDA360, LLC
A sample of what you will learn
Short-term and long-term economic forecasts
(U.S. and /or abroad).
How those forecasts impact your company.
Is the economy going to grow?
What about inflation?
How will the U.S. be affected by corporate
production facilities being moved overseas?
Republican or Democrat - what impact
does each type of administration have
on the economy?
Does the stock market give us a true reading
of the economy?
What leading economic indicators should
we be watching for?
See the future first before your competition
does!
About Alan
One of the country’s most informed economists,
Alan Beaulieu is a principal of ITR Economics™
where he serves as President. He is co-author of
“Make Your Move”, a book on how to increase
profits through business cycle changes. Alan is also
the Senior Economic Advisor to the NAW, Chief
Forecaster for the European Power Train
Distributors Association and the Chief Economist
for HARDI.
Mr. Beaulieu has been providing workshops and
economic analysis seminars in 8 countries to literally
thousands of business owners and executives for the
last 20 years.
Pronouncements from the Institute for Trend
Research and/or Mr. Beaulieu have appeared in/on:
the Wall Street Journal, New York Times, USA
Today, Knight Ridder News Services, Business
Week, Associated Press, The Washington Times,
CBS Radio, CNN Radio, Sirius talk radio, KABC,
NPR affiliate WLRN and numerous other outlets.
To book an engagement call:
166 King Street
Boscawen, NH 03303
603.796.2500
www.itreconomics.com
Services provided by ITR Economics™
ITR Economics™ mission is to provide accurate, objective analysis of entire economies and specific markets
in order to assist American and International companies with timely and effective business decisions. A brief
description of our services follows.
ITR Trends Report™
Trends, forecasts, analysis, charts, and text for the
US, major foreign economies, and specific markets,
commodities and exchange rates are provided
monthly via the ITR Trends Report.
Want to see where a trend is taking us? You will
through the ITR Trends Report. When will the
trend turn, how high is high, and how low is low are
some of the questions answered each month for a
plethora of economic factors.
Asking an analyst about what you are seeing or
what it all means and getting an answer in real time
is an innovative feature of the ITR Trends Report.
If you need the data behind the trends, you can
access that directly too. An annual subscription to
the ITR Trends Report is $895.00.
Trendcast™ is a process by which we show you
where your company is in the business cycle, where
revenues are headed, and which indicators are
important to your company. If you know what
conditions your company is going to be facing next
year, you can make changes now in order to
maximize your revenues and/or profits. We provide
tried and true Management Objectives™ to fit your
business cycle so you are hiring or making cuts,
making capital expenditures, or borrowing money,
at the most effective time.
We take your company’s sales data history, convert
it into a rate-of-change format, chart the data
against leading indicators and U.S. market
indicators, analyze the results, and present you with
your own company charts, giving you a view of the
future. We determine which indicators lead your
business and by how many months. A follow-up
phone consultation is included. We make it easy
to keep the charts current from our website.
A Trendcast costs $4500.00. To schedule a
Trendcast, please call Kimberly at 603-796-2500.
Consulting Services: ITR Economics provides a
variety of consulting services from quarterly
company and market reports to due diligence
reports to company and market/industry forecasts.
A quarterly report is client specific and crafted
based on the needs of the company or association
ordering it. They include a macroeconomic
overview and a 3-year forecast of Industrial
Production plus as many industry breakdown and
forecasts as requested.
We offer 3-year company forecasts which give you
revenue estimates quarter by quarter. These are
delivered as excel files and can be updated for
years to come. A phone consultation with your
management team is also included in the price
of $4800.00.
Speaking Engagements: We have extensive
experience and have received superlative reviews
giving keynote speeches on economic trends and
our projection of those trends. We also address
smaller groups where the topics discussed are
tailored to the audience during which participation
is encouraged. ITR Economics speaks over 250
times a year to various companies, associations,
and leadership gatherings. We provide these
entertaining, insightful, and relevant talks across
North America and abroad. To schedule a speaker
or learn more, call Erin Hennigar at 603-796-2500.
The ITR Advisor™ is a concise, non-technical
overview report provided each month to
subscribers. It is our answer to requests for a
presentation update that we constantly receive.
The ITR Advisor is ideal for decision makers that
have heard an ITR Economics presentation and
want to quickly and easily keep up with our
thinking and analysis and general economic
forecast. At two pages each month, we bring you
what you need to know to effectively manage the
future. An annual subscription to the ITR Advisor
is $199.00.
First in Forecasts since 1948
Reproduction of the material contained in this handout in whole or part is forbidden without written permission granted by ITR®.
ITR Trends Report™
Order Form
The ITR Trends Report™ provides a valuable means of staying on top of the economy. The report consists of:
In-depth, 60-plus page economic report Covers 48 market sectors both national and international Long-term views for key market sectors Detailed forecasts Executive summary "Trends Report at a Glance" summary Management notes with action suggestions Multiple follow-ups via phone with ITR Economics™ analysts Delivered monthly via electronic medium to subscribers
An annual subscription to the ITR Trends Report™ is $895.00.
You can log on to www.itreconomics.com, call Kimberly at 603-796-2500, fax 603-796-2511 or email us at [email protected] to get started today.
ITR Economics™ accepts MasterCard, Visa and American Express.
First Name:_____________________________________________________________ Last Name:_____________________________________________________________ Company:______________________________________________________________ Address:_______________________________________________________________ City:___________________________________ State:___________ Zip:____________ Telephone: (____)_______________________Fax: (_____)_______________________ Email Address:___________________________________________________________ How did you hear about us? ________________________________________________ If applicable, who was the presenter at the event you attended?_____________________