Industry in USA

United States Industry | Economic News & Forecasts

USA - Industry

Although 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

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 Industry Chart

USA Industry

United States Facts

Bond Yield2.70-0.43 %Jan 30
Exchange Rate1.140.65 %Jan 30
Stock Market25,0150.02 %Jan 30

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