Industry in USA
USA - IndustryThe economy maintained a solid pace of growth in the third quarter following Q2’s four-year high reading, underpinned by private outlays and a replenishment of inventories. Despite the robust headline print, all was not rosy: Exports contracted for the first time in nearly two years, business investment decelerated significantly and residential investment continued its decline. That said, private consumption should remain buoyant in Q4, thanks to strong job gains, rising wage growth and near-record consumer confidence as of October. Meanwhile, the midterm elections on 6 November saw Democrats recapture the House, which will likely frustrate the Trump administration’s legislative agenda. On the trade front, President Trump’s scheduled meeting with Chinese President Xi Jinping on 30 November might help to thaw relations between the two countries. However, an imminent deal seems highly unlikely, as reflected by the conflict-ridden Asia Pacific Economic Cooperation meeting held on 17–18 November, and President Trump’s continual threats to impose tariffs on the remaining USD 257 billion of Chinese imports, in addition to raising the existing levies rate to 25% on 1 January.
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||2.91||-0.43 %||Dec 12|
|Exchange Rate||1.14||0.65 %||Dec 12|
|Stock Market||24,527||0.02 %||Dec 12|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
December 7, 2018
The November jobs report released by the Bureau of Labor Statistics (BLS) shows payroll gains softened considerably compared to the previous month.
December 5, 2018
The widely anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the G20 summit in Buenos Aires on 30 November–1 December concluded with an agreement to temporarily halt the escalation of the trade dispute between the world’s two economic giants.
December 3, 2018
The U.S. manufacturing sector gained steam in November after a softer performance in October.
United States: Second estimate leaves Q3 headline growth unchanged; points to softer consumption, higher investment and inventories
November 28, 2018
A second estimate of third quarter GDP released by the Bureau of Economic Analysis (BEA) left headline growth unrevised at a solid 3.5% seasonally-adjusted annualized rate (SAAR).
November 27, 2018
The Conference Board’s monthly consumer confidence fell from 137.9 in October to 135.7 in November, missing market expectations of 136.5.