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US Automobile Production
(Q2 2022)

Posted on July 11, 2022

Input Shortages Remain but Have Improved, Leading Us to Lift the Forecast; Demand Remains Robust

US Automobile Production Index is an index comprising establishments primarily engaged in (1) manufacturing complete automobiles (i.e., body and chassis or unibody) or (2) manufacturing automobile chassis only.

ITR Economics has classified this index as being in phase A of the business cycle. Phase A or “Recovery” occurs when the annual growth rate (12/12) is rising, but the rate of growth is still negative. We denote this phase with blue (for improving).

US Automobile Production will continue in phase A through Q1 2023 giving way to phase C in Q2. Phase C or “Slowing Growth” occurs when the annual growth rate (12/12) is rising, and the rate of growth is positive. We denote this phase with green (for go).

ITR forecasts the annual growth rate for 2022 at 17.6%, 9.0% in 2023 and 11.7% in 2024.

READ THE FULL REPORT FROM ITR

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