Industry in USA

United States Industry | Economic News & Forecasts

USA - Industry

Economic growth slowed further in the third quarter on moderating consumer spending and a sharper contraction in business investment. On a brighter note, residential investment rebounded and the drag from net trade shrank in Q3. Turning to the fourth quarter, the economy is likely losing more steam as the investment slump amid lingering trade uncertainties gradually passes through to slower hiring activity and private consumption. Consumers were less optimistic in October, although payroll gains proved to be resilient in the same month, notwithstanding the temporary drag from the General Motors strike, and retail sales rebounded. Turning to trade developments, disagreements over the removal of existing U.S. tariffs hang over the “phase one” deal, while Trump has signaled tariffs planned for the 15 December are not off the table, reaffirming fears that a full resolution is not imminent.

United States - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.0  3.1  -1.0  -2.0  2.3  

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United States Facts

Bond Yield1.77-0.43 %Nov 21
Exchange Rate1.110.65 %Nov 21
Stock Market27,7660.02 %Nov 21

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