Industry in USA
USA - IndustryAlthough economic growth likely remained robust in the last quarter of 2018, again buttressed by strong consumer spending thanks to rising wage growth and stellar labor market gains, all available signs point to a significant loss of momentum at the end of the quarter and into Q1 2019. Most notably, the December ISM Manufacturing index posted its worst monthly decline in a decade due to a sharp drop in domestic new orders. Consumers were also significantly less optimistic about the short-term outlook in December, suggesting private consumption might weaken in the first quarter. Furthermore, the partial government shutdown from 22 December to 25 January appears poised to dent Q1 GDP growth—though some analysts see a rebound effect occurring in Q2. In addition to the business disruptions caused by understaffed federal agencies, 800,000 federal workers were furloughed or working without pay in the period, while a significant number of federal contractors were left unemployed and without the prospect of back pay—both of which should hit private consumption in the quarter. Though the government could shut down again if no border security compromise is reached before 15 February, the scenario appears unlikely given the political pressure piling upon congressional Republicans.
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||2.70||-0.43 %||Jan 30|
|Exchange Rate||1.14||0.65 %||Jan 30|
|Stock Market||25,015||0.02 %||Jan 30|
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April 18, 2019
Nominal retail sales soared 1.6% on a seasonally-adjusted month-on-month basis in March, markedly contrasting February’s unrevised 0.2% contraction, and wildly beating market expectations of 0.8% growth.
April 11, 2019
Consumer prices increased 0.4% over the prior month in March, up from February’s 0.2% print and exceeding market expectations of 0.3%.
April 5, 2019
The March jobs report released by the Bureau of Labor Statistics (BLS) calmed market fears of a steep deceleration in the economy, showing robust payroll growth after disappointing data in February.
United States: ISM manufacturing index rebounds from two-year low in March on solid employment gains
April 1, 2019
The U.S. manufacturing sector appeared to stabilize in March after seesawing in the previous months.
April 1, 2019
Nominal retail sales fell 0.2% on a seasonally-adjusted month-on-month basis in February, markedly contrasting January’s print—which was revised upwards from 0.2% to 0.7%—and missing market expectations of 0.3% growth.