2024 Q1 Economic Report
GDP GROWTH: The nation’s gross domestic product slowed in the first quarter, increasing at an annual rate of 1.6%, the lowest growth since early 2022. The Q1 output of goods and services was weaker than expected. Economists surveyed by Dow Jones had been looking for an increase of 2.4%. In the fourth quarter of 2023, GDP was up 3.4%. The Department of Commerce also said the personal consumption expenditures price index – a key inflation…
2024 Q1 North America Market Report
INDUSTRIAL OVERVIEW: POLICY AND MARKET PRESSURES SHAPE INDUSTRIAL GROWTH Interest rate hikes by central banks aiming to tame inflation and tenants battling supply-chain and other issues continue to slow industrial demand across the United States and Canada. One difference between the two neighbors, though, is consumer behavior on discretionary spending. When Canadians shut their wallets as the Bank of Canada began raising rates in 2022, the buying habits of U.S. households hardly changed. The Commerce…