North American Barometer: Emerging from the Trough?
Executive Summary
Never-ending supply-related production disruptions, continued dearth of inventory, lack of sales growth and economic headwinds. Hopes are waning for the U.S. market to emerge in 2022 or even 2023 from the quagmire it fell into close to three years ago at the start of the pandemic. While growth still is expected from now through the end of next year, the short-term outlook still always seems to worsen, with sales in 2022 now likely will be lower than the weak results of the past two years. Haig Stoddard will detail the current outlook in North America, with a focus on the U.S., for the rest of 2022 and 2023, highlighting signs and data indicators to watch for that point toward strength or weakness.
