Industry in USA
USA - IndustryEconomic growth likely slowed somewhat in the second quarter, despite resilient household outlays. Temporary factors that boosted growth in first quarter should have faded, as inventory build-up likely slowed, while a contribution from net exports in Q1 seems to have reversed in Q2. Meanwhile, the housing market continued to weaken, with home price growth slowing to a near seven-year low in April. On a brighter note, private consumption, the mainstay of the economy, appeared to defy a slowdown as reflected by brisk retail sales growth throughout Q2. Turning to the third quarter, the protracted U.S.-China trade dispute risks further hindering growth. In recent weeks, trade talks appear to have stalled due to disagreements over Huawei, while Trump has threatened to impose more tariffs on USD 300 billion worth of Chinese imports.
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||2.02||-0.43 %||Jul 31|
|Exchange Rate||1.11||0.65 %||Jul 31|
|Stock Market||26,864||0.02 %||Jul 31|
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August 15, 2019
Nominal retail sales rose 0.7% over the previous month in seasonally-adjusted terms in July, increasing from June’s revised 0.3% increase (previously reported: +0.4% month-on-month).
August 13, 2019
Consumer prices rose 0.3% over the prior month in July, up from the 0.1% increase registered in June.
August 2, 2019
The July jobs report signaled the labor market remained solid in July, as reflected by the rising labor force participation and accelerating wage growth, although non-farm payrolls gains slowed.
August 1, 2019
The Institute for Supply Management (ISM) manufacturing index fell to 51.2 in July from 51.7 in June, the lowest reading since August 2016, when the index was last in contractionary territory.
July 31, 2019
At its 30–31 July monetary policy meeting, the Federal Reserve’s Open Market Committee (FOMC) voted to cut its target range for the federal funds rate to 2.00%–2.25%.