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Q1 2024 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…
Q2 2023 Economic Report
GDP GROWTH • EMPLOYMENT • MONETARY POLICY • GLOBAL ECONOMY GDP GROWTH: TRENDING IN Q2 2023 The Commerce Department said the U.S. economy grew at a 2.4% annual rate in the second quarter, an increase from the 2% gain in Q1, defying both expectations and attempts by the Federal Reserve to slow it down to curb inflation. READ MORE> EMPLOYMENT: TRENDING IN Q2 2023 The unemployment rate remained virtually unchanged even as job growth…
Q2 2023 North America Market Report
INDUSTRIAL OVERVIEW: INDUSTRIAL GROWTH ON TRACK FOR LEAST GAIN IN YEARS In a reversal from the ballooning logistics capacities required during the pandemic, demand for space has slowed across North America. After continuously rebuilding inventories from the fall of 2021 through Q3 last year, many retailers and wholesalers are taking a breather, pausing further inventory accumulation out of caution over the economic outlook. In the U.S., second-quarter net absorption was down 58% year over year,…