- Analytics
- News and Tools
- Market News
- U.S. economy is starting to struggle – ING
U.S. economy is starting to struggle – ING
James Knightley, the chief international economist at ING, thinks that the data flow over the past five weeks has clearly signaled a deceleration in the U.S. economic activity.
- “What started out as a manufacturing downturn resulting from weak external growth, the headwinds from a strong dollar and the uncertainty and barriers to trade caused by the US-China tariffs, is starting to spread to the services and consumer sectors.
- The ISM non-manufacturing index is heading lower, payrolls growth is slowing and retail sales fell sharply in September. With the outlook for corporate profits deteriorating and the durable goods orders report signaling a likely contraction in investment spending in both 4Q19 and 1Q20, it is difficult to see where the major positive growth drivers are right now.
- The one area that is performing well is housing, buoyed by the plunge in mortgage rates and the fact that the unemployment rate remains low. However, the durability of this strength is questionable given the apparent slowdown in hiring and wage growth.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
