ACT Research Co. (ACT) said today that it is maintaining its “mildly pessimistic” outlook for the U.S. economy, according to the November issue of its ACT North American Commercial Vehicle Outlook.
“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,” explained Sam Kahan, ACT chief economist.
“These improved figures have reinforced our contention that the onset of a U.S. recession is not imminent,” he added.
So, with economic activity in line with expectations, according to ACT, its forecasts for both medium-duty and heavy- duty vehicles are remaining “basically unchanged” for 2011 and 2012.
ACT is a worldwide publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.
