Industry in USA

United States Industry | Economic News & Forecasts

USA - Industry

An ever-tighter labor market is likely to fuel a stronger economic performance in the second quarter, following a moderation of seasonally-adjusted annualized growth in the first quarter. In April, the unemployment rate was at its lowest since the dot-com bubble peak in 2000. This will likely bolster wage growth; simultaneously, the recent tax reform should start producing effects, boosting after-tax household incomes. Together, these dynamics should support higher consumer spending, so far reflected in robust retail sales growth and buoyant consumer confidence in April. Nevertheless, survey data for the same month suggests an incoming slowdown in the manufacturing sector, amid heightened uncertainty caused by the country’s ongoing trade dispute with China. On 28 May, the White House announced its plan to move forward with 25% tariffs on USD 50 billion of Chinese imports, as well as further restrictions on Chinese investment to be unveiled on 30 June. However, this position could evolve quickly as trade negotiations continue.

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 Facts

Bond Yield2.94-0.43 %Jun 14
Exchange Rate1.170.65 %Jun 14
Stock Market25,1750.02 %Jun 14

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