Industry in USA
USA - IndustryEconomic growth was steady in the fourth quarter, displaying more resilience than had been expected largely due to a solid export performance. That said, private consumption continued to slow in Q4 and non-residential investment declined for the third consecutive quarter as investment in structures and equipment continued to languish. Turning to the first quarter of this year, preliminary survey data has been relatively upbeat. Consumer confidence edged higher in January on a better labor market assessment. Meanwhile, on the trade front, the U.S. and China signed a “phase one” deal on 15 January, covering areas such as exchange-rate policies, intellectual property protections, and additional Chinese purchases of U.S. goods and services. Although it symbolizes a much-welcomed de-escalation, it will likely have only a small impact on growth and further tariff reductions are not slated until the second stage of agreements.
United States - Industry Data
|Industrial Production (annual variation in %)||3.1||-1.0||-2.0||2.3||3.9|
5 years of economic forecasts for more than 30 economic indicators.
United States Industry Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 7, 2020
Non-farm payrolls increased by 225,000 in January, outpacing market expectations of 160,000 new jobs and up from December’s upwardly revised 147,000 gains (previously reported: 145,000).
United States: ISM manufacturing index returns to expansionary territory for first time in 6 months in January
February 3, 2020
The Institute for Supply Management (ISM) manufacturing index rose to 50.9 in January from 47.8 in December, beating market expectations of 48.5 and marking the best performance since last July.
January 30, 2020
Economic growth was stable in the fourth quarter from the third, with GDP growth again clocking in at 2.1% in seasonally-adjusted annualized terms (SAAR), according to an advance GDP estimate released by the Bureau of Economic Analysis.
January 29, 2020
At its 28–29 January monetary policy meeting, the Federal Reserve’s Open Market Committee (FOMC) unanimously voted to maintain its target range for the federal funds rate at 1.50%–1.75%, as had been expected by our panelists.
January 28, 2020
The Conference Board’s consumer confidence index rose to 131.6 in January from an upwardly revised 128.2 in December (previously reported: 126.5).