Tag Archives: US auto sales

Solid manufacturing and non-manufacturing numbers plus strong consumer spending mean we expect 2.5% GDP growth in the US in Q3 Although the ISM Manufacturing index in the US dropped back a little to 52.6 in July, it remained well above the low levels recorded at the turn of the year. The Non-manufacturing index moved back down as well but remained at relatively healthy levels.The rebound in the ISM Manufacturing index over the past few months is both encouraging and a bit surprising. The...

Macroview Strong April figures and revisions to March and February numbers mean sonsumer spending is on course to rise around 3% in second quarter Full report April US retail sales The US retail sales report for April was very encouraging, with core retail sales increasing strongly month on month (m-o-m) in April, while the figures for February and March figures were revised upward. Consumer spending growth should approach a strong rate of 3.0% q-o-q annualised in Q2. According to the...

ISM figures for April, together with robust auto sales, suggest some pick up in US growth during the month Read full report here The US ISM Manufacturing survey for April 2016, published on May 2, dropped back a little, from 51.8 in March to 50.8, below consensus expectations (51.4). However, the level recorded in March was an eight-month high. And the April figure is well above the lows registered at the turn of the year (48.0 in December 2015, 48.2 in January 2016). The New Orders...