The pace of U.S. economic activity will operate at around a 2% rate as 2012 unfolds, according to the January issue of the ACT North American Commercial Vehicle OUTLOOK, published by ACT Research Co. (ACT).
“A wide range of U.S. economic data reported in the last few weeks have been stronger than consensus expectations,” said Sam Kahan, ACT’s chief economist. “However, they are incidental to underlying trends, as the fundamental factors affecting economic growth remain largely unchanged.
“We do believe that the heavy-duty truck market will continue to benefit from healthy trucker profits and rising used truck values.”
No adjustments were made to ACT’s commercial vehicle forecasts this month.
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