Industry in USA
USA - IndustryThe economy appears to have continued to diverge down two separate tracks in the third quarter. On the one hand, strong retail sales in August and higher monthly wages in the same month affirms consumer spending continues to do the heavy lifting in Q3. On the other hand, businesses investment has likely weakened amid the persistent trade dispute with China, while the ISM index notably slipped into contractionary territory for the first time in three years in August, raising concerns of a manufacturing downturn. Moreover, slower job creation in August suggests the labor market could be hitting its peak. On the trade front, while negotiations between the U.S. and China have resumed and President Trump recently lifted tariffs on 400 Chinese goods, the countries are likely to remain starkly divided over the more contentious terms of trade, and many of our panelists remain pessimistic about a near-term breakthrough.
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||1.47||-0.43 %||Sep 04|
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||26,355||0.02 %||Sep 04|
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October 10, 2019
Consumer prices came in flat in month-on-month terms in September following the 0.1% increase registered in August.
October 4, 2019
The labor market continued growing in September, but at a decreasing rate, with the most recent jobs report showing signs of weakening economic momentum.
October 1, 2019
The Institute for Supply Management (ISM) manufacturing index fell to 47.8 in September from 49.1 in August, representing the lowest reading since June 2009 and undershooting market expectations of a neutral print.
September 24, 2019
On a month-on-month basis, the S&P/Case-Shiller 20-city composite home price index rose 0.1% in July, down from the 0.4% increase in June.
September 24, 2019
The Conference Board’s consumer confidence index unexpectedly dropped to 125.1 in September, from August’s revised figure of 134.2 (previously reported: 135.1).