Forecast for US commercial vehicle market unchanged

ACT Research is maintaining its mildly pessimistic outlook for the US economy, according to the December issue of the ACT North American Commercial Vehicle Outlook, published by ACT Research Co. 

“Recently released US economic data have been stronger than anticipated,” says 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 US 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,” he adds. 

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