Industry in USA
USA - IndustryThe economy likely recovered robustly in Q3, after Q2’s unprecedented contraction due to the blow dealt by Covid-19. In September, the unemployment rate dropped 0.5 percentage points from the month prior while non-farm payrolls continued to rise, although they were still down 10.7 million compared to February. This, coupled with consumer confidence hitting a six-month high, likely boosted private spending, as suggested by a jump in auto and clothing sales in the same month. Furthermore, upbeat construction activity and a surge in housing starts in Q3 should have supported residential investment. Meanwhile, Joe Biden and the Democrats are currently leading the polls ahead of the presidential elections on 3 November. Under a Biden administration, economic growth would likely benefit from increased spending on infrastructure and social security, as well as a less disruptive foreign trade policy.
United States - Industry Data
|Industrial Production (annual variation in %)||-1.0||-2.0||2.3||3.9||0.9|
5 years of economic forecasts for more than 30 economic indicators.
United States Industry Chart
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 17, 2020
Retail sales expanded 0.3% on a month-on-month in seasonally-adjusted terms in October, which followed September's 1.6% increase and marked the weakest reading since April.
November 12, 2020
Consumer prices increased a seasonally-adjusted 0.04% in October over the previous month, coming in below September's 0.20% increase.
November 6, 2020
Total non-farm payrolls rose 638,000 in October, beating market analysts’ expectations of a 600,000 increase.
United States: Fed keeps rates at effective floor and sustains commitment to expanding its balance sheet
November 5, 2020
At its 4–5 November meeting, the Federal Open Market Committee (FOMC) decided to hold the target range for the federal funds rate at its effective floor of 0.00%–0.25%.
November 2, 2020
The Institute for Supply Management (ISM) manufacturing index increased to 59.3 in October from 55.4 in September, beating market expectations of 55.8 and marking the highest reading in just over two years.