Commercial Vehicle Forecast Unchanged: ACT
Nov 11, 2011 12:03 PM
ACT Research is maintaining its mildly pessimistic outlook for the U.S. economy, according to the November issue of the ACT North American Commercial Vehicle OUTLOOK, published by ACT Research Co. (ACT).
“Recently released U.S. economic data have had a better tone as evidenced by firmer October labor market data, a positive and rising third-quarter real GDP, and a rising U.S. stock market,” said Sam Kahan, ACT’s chief economist. “These improved figures have reinforced our contention that the onset of a U.S. recession is not imminent.”
With economic activity in line with expectation, forecasts for both medium- and heavy-duty vehicles remained basically unchanged for 2011 and 2012.
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