Investment in USA
USA - Investment
Economy records slowest increase since Q2 2020 in the third quarter
GDP growth lost steam in the third quarter, easing to 2.0% in seasonally-adjusted annualized rate terms (SAAR), from 6.7% in the second quarter. Q3's reading marked the worst result since Q2 2020.
The slowdown was driven by weakening momentum in domestic demand and a soft external sector. Private consumption growth fell to 1.6% in Q3, marking the weakest expansion since Q2 2020 (Q2: +12.0% SAAR), while fixed investment dipped 0.8% (Q2: +3.3% SAAR). Meanwhile, government consumption rebounded, growing 0.8% in Q3 (Q2: -2.0% SAAR).
Turning to the external sector, exports of goods and services dropped 2.5% in Q3 (Q2: +7.6% SAAR). In addition, growth in imports of goods and services moderated to 6.0% in the quarter (Q2: +7.1% SAAR).
On an annual basis, economic growth slowed markedly to 4.9% in Q3, following the previous quarter's 12.2% increase.
Commenting on the outlook ahead, analysts at the EIU noted:
“We expect real GDP growth to remain above trend in 2022, at 3.8%. The public infrastructure package will support job creation and robust activity in construction, manufacturing and professional services. As the initial rebound from the crisis levels off, GDP growth is forecast to average 2.0% per year in 2023–26.”
FocusEconomics Consensus Forecast panelists expect GDP to grow 6.6% in 2021, which is unchanged from last month’s estimate. For 2022, the panel expects the economy to expand 4.1%.
United States - Investment Data
|Investment (annual variation in %)||3.4||1.9||4.2||4.6||1.3|
5 years of economic forecasts for more than 30 economic indicators.
United States Facts
|Bond Yield||1.92||-0.43 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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November 16, 2021
Retail sales increased 1.7% in month-on-month seasonally-adjusted terms in October, which was up from September's 0.8% increase.
November 11, 2021
Consumer prices increased a seasonally-adjusted 0.94% in October over the previous month, accelerating from the 0.41% rise seen in September.
November 4, 2021
Total non-farm payrolls increased by 531,000 in October, following September’s 312,000 increase in payrolls.
November 4, 2021
The Institute for Supply Management (ISM) manufacturing index ticked down to 60.8 in October from 61.1 in September.
November 3, 2021
At its meeting on 2–3 November, 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%, which was widely expected by market analysts.