Industry in USA
USA - IndustryThe economy likely recovered robustly in Q3, after Q2’s unprecedented contraction due to the blow dealt by Covid-19. In September, the unemployment rate dropped 0.5 percentage points from the month prior while non-farm payrolls continued to rise, although they were still down 10.7 million compared to February. This, coupled with consumer confidence hitting a six-month high, likely boosted private spending, as suggested by a jump in auto and clothing sales in the same month. Furthermore, upbeat construction activity and a surge in housing starts in Q3 should have supported residential investment. Meanwhile, Joe Biden and the Democrats are currently leading the polls ahead of the presidential elections on 3 November. Under a Biden administration, economic growth would likely benefit from increased spending on infrastructure and social security, as well as a less disruptive foreign trade policy.
United States - Industry Data
|Industrial Production (annual variation in %)||-1.0||-2.0||2.3||3.9||0.9|
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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May 12, 2021
Consumer prices rose a seasonally-adjusted 0.77% in April over the previous month, picking up from March's 0.62% rise.
May 7, 2021
Total non-farm payrolls increased by 266,000 in April, missing analysts’ expectations of a 978,000 increase.
April 29, 2021
According to a preliminary GDP estimate released by the Bureau of Economic Analysis, the economy expanded 6.4% in Q1 in seasonally-adjusted annualized terms (SAAR), beating analysts’ expectations of 6.1% growth and accelerating from the previous quarter’s 4.3% rise.
United States: Fed keeps rates at effective floor in April and sustains commitment to expanding its balance sheet
April 28, 2021
At its meeting on 27–28 April, the Federal Open Market Committee (FOMC) decided to hold the target range for the federal funds rate at its effective floor of 0.00%–0.25%.
April 27, 2021
The S&P/Case-Shiller 20-city composite home price index increased 1.2% month-on-month in February, after January’s 0.9% rise.