Industry in USA

United States Industry | Economic News & Forecasts

USA - Industry

The economy looks poised to have recorded its best performance in over three years in the second quarter, fueled notably by recent tax cuts and strong consumer dynamics. However, growth may have reached its peak, as mounting trade concerns heighten risks to the outlook. Average retail sales growth in Q2 reached a 6-year high, supported by robust consumer confidence and an improving labor market throughout the quarter—with labor participation rising in June. Meanwhile, industrial output recorded solid increases in each of the three months of the second quarter. On the other hand, survey data for June shows heightening concerns about supply-side strain, magnified by the sizeable uncertainty caused by recent escalations in trade tensions and tariff measures. This uncertainty will likely drag on growth going forward, particularly if the U.S. administration goes ahead with tariffs on USD 200 billion of additional Chinese goods, as unveiled on 10 July.

United States - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.0  3.1  -1.0  -1.9  1.6  

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USA Industry

United States Facts

ValueChangeDate
Bond Yield2.86-0.43 %Aug 15
Exchange Rate1.130.65 %Aug 15
Stock Market25,1620.02 %Aug 15

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