Industry in USA
USA - IndustryEconomic 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
|Industrial Production (annual variation in %)||2.0||3.1||-1.0||-2.0||2.3|
5 years of economic forecasts for more than 30 economic indicators.
United States Industry Chart
United States Facts
|Bond Yield||1.77||-0.43 %||Nov 21|
|Exchange Rate||1.11||0.65 %||Nov 21|
|Stock Market||27,766||0.02 %||Nov 21|
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December 11, 2019
Consumer prices rose 0.3% month-on-month in November, down from the 0.4% rise in October reading and a notch above market expectations of a 0.2% increase.
December 6, 2019
The U.S. labor market had another rock-solid performance in November.
December 2, 2019
The Institute for Supply Management (ISM) manufacturing index sank to 48.1 in November from 48.3 in October, underwhelming market expectations of 49.4.
November 27, 2019
According to a second GDP estimate released by the Bureau of Economic Analysis, the economy fared better than previously reported, with GDP growth accelerating in the third quarter to 2.1% in seasonally-adjusted annualized terms (previously reported: +1.9% SAAR), up from the 2.0% expansion registered in the second quarter.
November 26, 2019
On a month-on-month basis, the S&P/Case-Shiller 20-city composite home price index rose 0.1% in September, after a flat reading in August.