ACT Research is sticking with its forecast for moderate economic growth this year, having determined that the recent softening in truck orders does not reflect a wider economic trend.
The research firm has just reported that it “continues to believe that U.S. economic activity in 2012 will expand at a moderate pace of 2.2% with slow employment growth acting as a brake on more robust growth…. The March and April softening in Class 8 truck orders to ‘below expectations’ was insufficient to cause the existing ACT build and sales forecasts to be lowered.” Read The Full Article Here…
