Industry in USA

United States Industry | Economic News & Forecasts

USA - Industry

Although growth accelerated rapidly in Q1, the reading was distorted by past front-loading of imports and a build-up of inventories due to the trade war. Moreover, private consumption and fixed investment both weakened markedly. Turning to Q2, the trade war will likely muddle the reading again, as importers scramble to avoid possible new tariffs on USD 300 billion of Chinese goods. Thus, inventories—and imports—of newly-targeted products will likely surge in Q2, while existing stockpiles should unwind. On the flipside, consumption should largely recover—despite weak April retail sales—as solid labor dynamics, shutdown rebound effects and robust confidence buttress private spending. Nevertheless, heightened uncertainty since 10 May, when President Trump increased tariff rates, may weigh on business investment and exacerbate the weak manufacturing momentum observed in the April ISM reading.

United States - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)2.0  3.1  -1.0  -1.9  1.6  

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United States Industry Chart

USA Industry

United States Facts

Bond Yield2.09-0.43 %Jun 14
Exchange Rate1.120.65 %Jun 14
Stock Market26,0900.02 %Jun 14

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