Industry in USA
USA - IndustryWhile revised GDP data confirmed growth was stable in the fourth quarter of last year, the economy appears to be cooling at the outset of this year. Preliminary indicators point to solid consumer fundamentals: In January, retail sales growth strengthened and labor market conditions remained strong, while consumer confidence hit a six-month high in February. That said, industrial output contracted in January and Boeing’s halted production of the 737 MAX will likely cause an inventory drawdown and weigh on growth in the first quarter. Meanwhile, health authorities have warned of an imminent outbreak of the coronavirus in the U.S. This spooked financial markets and caused oil prices to slide, while incoming data shows the epidemic has already begun to drag on business sentiment and disrupt supply chains in an already frail manufacturing sector.
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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April 1, 2020
The Institute for Supply Management (ISM) manufacturing index slipped to 49.1 in March from 50.1 in February, but came in above market expectations of 44.5.
United States: Consumer confidence hits almost three-year low in March as households worry about growing pandemic
March 31, 2020
The Conference Board’s consumer confidence index fell to 120.0 in March from February’s revised six-month high of 132.6 (previously reported: 130.7) but was better than market expectations of a sharper fall to 110.0.
March 31, 2020
The S&P/Case-Shiller 20-city composite home price index was flat on a month-on-month basis in January, matching December’s figure.
March 26, 2020
After days of heated negotiations, U.S. policymakers passed a historic stimulus package on 27 March amounting to roughly USD 2 trillion (close to 10% of GDP), in efforts to combat the severe economic fallout from the coronavirus pandemic.
United States: Fed slashes rates at second emergency meeting in March; unveils unprecedented range of measures to address liquidity strains
March 25, 2020
In its second emergency meeting this month on 15 March, the Federal Open Market Committee (FOMC) slashed its benchmark rate by 100 basis points, bringing the target range for the federal funds rate to its effective floor of 0.00%–0.25%, a move last seen during the 2008 Global Financial Crisis.