Industry in USA
USA - IndustryThe economy likely contracted at an even sharper pace in the second quarter as Covid-19 induced lockdowns weighed heavily on activity. In May, the unemployment rate ticked down from April’s near 40-year high, but was still roughly 10 percentage points higher than its pre-crisis level. Moreover, despite jobless claims dipping slightly in recent weeks the number of people receiving benefits was over 15% of the labor force, which will be hammering private consumption. Meanwhile, although the downturn seems to have bottomed out, some parts of the country have tightened restrictions as the seven-day moving average of daily new Covid-19 cases accelerated in recent days, boding ill for hopes of a smooth economic recovery. Furthermore, a re-emergence of tensions with China has fueled market uncertainty in recent weeks and could lead to a new round of escalation.
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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July 2, 2020
Total non-farm payrolls soared 4.8 million in June, increasing at the fastest rate since the series began in 1939, and beat market analysts’ expectations of a 3.0 million rise.
July 1, 2020
The Institute for Supply Management (ISM) manufacturing index increased from 43.6 in May to 52.6 in June, beating market expectations of 49.5 and marking the highest reading in 14 months.
June 30, 2020
The S&P/Case-Shiller 20-city composite home price index—excluding Detroit due to reporting delays—eased to 0.9% month-on-month in April, down from March’s 1.1% rise.
June 16, 2020
Nominal retail sales surged at the fastest rate in the series’ near three-decade history in May, jumping 17.7% in month-on-month seasonally-adjusted terms.
United States: Fed keeps rates at effective floor and additional stimulus measures unchanged in June
June 10, 2020
At its 9–10 June meeting, the Federal Open Market Committee (FOMC) held the target range for the federal funds rate at its effective floor of 0.00%–0.25%.