Industry in USA
USA - IndustryAlthough 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
|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||2.09||-0.43 %||Jun 14|
|Exchange Rate||1.12||0.65 %||Jun 14|
|Stock Market||26,090||0.02 %||Jun 14|
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June 14, 2019
Nominal retail sales rose 0.5% on a seasonally-adjusted month-on-month basis in May, up from the revised 0.3% rise recorded in April (previously reported: -0.2% month-on-month).
United States: Headline and core inflation edge down in May, strengthening the case for a Fed rate cut
June 12, 2019
Consumer prices increased 0.1% over the prior month in May, down from 0.3% in April but matching market expectations.
June 7, 2019
The May jobs report released by the Bureau of Labor Statistics (BLS) indicated weak payroll increases in the month, renewing investors’ concerns about a slowing economy and solidifying market expectations that the Fed may cut interest rates sooner than previously expected to keep the expansion running.
June 3, 2019
The Institute for Supply Management (ISM) manufacturing index fell from 52.8 in April to 52.1 in May, missing market expectations of 53.0.
United States: Second reading revises Q1 growth down on steeper investment slowdown and smaller inventory build-up
May 30, 2019
Economic growth in the first quarter was slightly lower than previously reported, according to a second GDP estimate released by the Bureau of Economic Analysis (BEA).