Industry in USA
USA - IndustryAlthough economic growth likely remained robust in the last quarter of 2018, again buttressed by strong consumer spending thanks to rising wage growth and stellar labor market gains, all available signs point to a significant loss of momentum at the end of the quarter and into Q1 2019. Most notably, the December ISM Manufacturing index posted its worst monthly decline in a decade due to a sharp drop in domestic new orders. Consumers were also significantly less optimistic about the short-term outlook in December, suggesting private consumption might weaken in the first quarter. Furthermore, the partial government shutdown from 22 December to 25 January appears poised to dent Q1 GDP growth—though some analysts see a rebound effect occurring in Q2. In addition to the business disruptions caused by understaffed federal agencies, 800,000 federal workers were furloughed or working without pay in the period, while a significant number of federal contractors were left unemployed and without the prospect of back pay—both of which should hit private consumption in the quarter. Though the government could shut down again if no border security compromise is reached before 15 February, the scenario appears unlikely given the political pressure piling upon congressional Republicans.
United States - Industry Data
|Industrial Production (annual variation in %)||2.0||3.1||-1.0||-1.9||1.6|
5 years of economic forecasts for more than 30 economic indicators.
United States Industry Chart
United States Facts
|Bond Yield||2.66||-0.43 %||Feb 14|
|Exchange Rate||1.13||0.65 %||Feb 14|
|Stock Market||25,439||0.02 %||Feb 14|
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February 14, 2019
Nominal retail sales fell 1.2% on a seasonally-adjusted month-on-month basis in December, sharply contrasting the revised 0.1% growth in November (previously reported: +0.2% month-on-month), and contrasting analyst expectations of a 0.1% rise by a wide margin.
February 13, 2019
Consumer prices were flat month-on-month at the outset of the year, matching the revised December reading (previously reported: -0.1% month-on-month) but slightly undershooting analysts’ estimates of a 0.1% rise.
February 1, 2019
The U.S. manufacturing sector recovered in January after experiencing the sharpest slowdown in a decade in December.
February 1, 2019
The January jobs report released by the Bureau of Labor Statistics (BLS) shows payrolls made strong gains at the outset of 2019, confirming the underlying robustness of the U.S. economy.
United States: Federal Reserve signals halt to interest rate hikes in January, confirming dovish turn
January 30, 2019
At its 29–30 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 2.25%–2.50%.