ACT Sticking with Forecast for Class 8
Dec 13, 2011 2:01 PM
ACT Research is maintaining its mildly pessimistic outlook for the U.S. economy, according to the December issue of the ACT North American Commercial Vehicle OUTLOOK, published by ACT Research Co. (ACT).
ACT expects around 252,000 Class 8 units built in 2011.
“Recently released U.S. economic data have been stronger than anticipated,” said Sam Kahan, ACT’s chief economist “Examples include the declines in initial claims for unemployment, jumps in confidence measures, robust retail sales reports for Black Friday and Cyber Monday, and the better performance of the U.S. equity markets.
“While favorable, the strength of recent figures does not signal a significant change in the outlook or the US economy or our forecast for the commercial vehicle industry.”
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