Industry in USA
USA - IndustryThe 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
|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||2.86||-0.43 %||Aug 15|
|Exchange Rate||1.13||0.65 %||Aug 15|
|Stock Market||25,162||0.02 %||Aug 15|
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August 10, 2018
Consumer prices rose 0.2% from the previous month in July, up from June’s 0.1% increase.
United States: Unemployment ticks down in July on robust payroll expansion, while wage growth remains muted
August 3, 2018
U.S. non-farm payrolls continued to expand in July, reflecting the fundamental robustness of the U.S.
United States: ISM manufacturing index cools in July as capacity stress and trade-related uncertainty start to bite
August 1, 2018
The U.S. manufacturing sector showed signs of moderating in July, despite remaining on a well above-trend growth path.
August 1, 2018
At its 31 July–1 August monetary policy meeting, the Federal Reserve’s Open Market Committee (FOMC) unanimously decided to maintain its target range for the federal funds rate at between 1.75% and 2.00%.
July 31, 2018
Consumer confidence ticked up marginally in July, contrasting the modest decline recorded in the previous month.