The US economy is showing more signs of weakness – and this is set to catch up with the Federal Reserve and the US Dollar. US Gross Domestic Product has grown by 1.9% annualized in the third quarter, better than 1.6% expected but below 2% seen in the second quarter. However, the marginal slowdown marks an ongoing divergence in the economy.
The Bureau of Economic Analysis, a part of the Commerce Department will release its preliminary estimate for annualized gross domestic product (GDP) in the third quarter on Wednesday October 30th at 12:30 GMT, 8:30 EDT.
| Gross Domestic Product | Impact | Last | Trend | Last 3 | Last 5 | Last 10 |
|---|---|---|---|---|---|---|
| GDP Annualized | 3 | 1.90% | Down | 2.33% | 2.52% | 2.80% |
| GDP Price Index | 3 | 1.60% | Down | 1.60% | 1.64% | 1.91% |
| Production activity | Impact | Last | Trend | Last 3 | Last 5 | Last 10 |
|---|---|---|---|---|---|---|
| Non-Def Cap Goods exAir | 3 | -0.50% | Neutral | -0.67% | 0.14% | 0.01% |
| Durable Goods | 2 | -1.10% | Neutral | 0.40% | 0.16% | 0.00% |
| Durable Goods exDef | 2 | -1.20% | Down | -0.27% | 0.18% | 0.20% |
| Durable Goods exTrans | 2 | -0.30% | Neutral | -0.17% | 0.20% | 0.04% |
| Factory Orders MoM | 2 | -0.60% | Neutral | 0.23% | -0.02% | -0.02% |
| Industrial Production MoM | 2 | -0.40% | Neutral | 0.10% | 0.18% | 0.05% |
| Capacity Utilization | 1 | 77.50% | Down | 77.63% | 77.76% | 78.13% |
| Sales activity | Impact | Last | Trend | Last 3 | Last 5 | Last 10 |
|---|---|---|---|---|---|---|
| Retail Sales Control Group | 3 | 0.00% | Neutral | 0.40% | 0.50% | 0.31% |
| Retail Sales MoM | 2 | -0.30% | Neutral | 0.37% | 0.36% | 0.27% |
| Retail Sales exAutos MoM | 2 | -0.10% | Neutral | 0.37% | 0.36% | 0.27% |
| Business Inventories | 1 | 0.00% | Down | 0.10% | 0.22% | 0.31% |
| Wholesale Inventories | 1 | -0.40% | Down | 0.00% | 0.08% | 0.28% |
| Manufacturing Surveys | Impact | Last | Trend | Last 3 | Last 5 | Last 10 |
|---|---|---|---|---|---|---|
| ISM Manufacturing PMI | 3 | 48.30 | Down | 48.40 | 49.62 | 51.91 |
| ISM Prices Paid | 2 | 45.50 | Down | 47.06 | 46.84 | 49.07 |
| Markit Manufacturing PMI | 2 | 51.30 | Neutral | 50.90 | 50.74 | 51.71 |
| Philly Fed Manufacturing Survey | 2 | 5.60 | Up | 11.47 | 11.30 | 10.82 |
| NY Empire State Manufacturing Index | 1 | 4.00 | Neutral | 3.60 | 1.30 | 5.08 |
| Dallas Fed Manufacturing Index | 1 | -5.10 | Down | -0.30 | -3.86 | -0.16 |
| Richmond Fed Manufacturing Index | 1 | 8.00 | Neutral | 0.00 | -3.00 | 2.30 |
| Kansas Fed Manufacturing Activity | 1 | 8.00 | Neutral | 5.67 | 1.60 | 3.70 |
| Services-related Surveys | Impact | Last | Trend | Last 3 | Last 5 | Last 10 |
|---|---|---|---|---|---|---|
| ISM Non-Manufacturing PMI | 3 | 54.70 | Down | 54.57 | 54.50 | 55.74 |
| Markit Services PMI | 2 | 50.60 | Down | 50.73 | 51.34 | 52.61 |
| Markit PMI Composite | 2 | 50.90 | Down | 50.87 | 51.78 | 52.51 |
| Chicago PMI | 2 | 43.20 | Down | 46.90 | 46.96 | 52.17 |
| Chicago Fed National Activity Index | 2 | -0.45 | Down | -0.24 | -0.14 | -0.16 |
| ISM - NY Business Conditions Index | 1 | 47.70 | Down | 46.93 | 46.86 | 55.16 |
| NFIB Business Optimism Index | 1 | 101.80 | Neutral | 103.20 | 103.58 | 103.05 |
