USA

The USA’s (US) business environment is one of the best globally, given a favourable regulatory landscape. However, political instability has risen, owing to the polarising Trump presidency. Solid economic recovery is forecast after the Coronavirus…

The US economy is expected to decline sharply in 2020. The fallout related to the economic and social measures in place to contain the Coronavirus (COVID-19) outbreak will be disastrous for the US. Both business and consumer confidence have declined…

The USA is forecast to remain the world’s biggest consumer market through to 2040. Stimulus packages adopted by the government to combat COVID-19 effects are expected to encourage consumption over the outlook period, with California remaining the…

In 2019, the energy industry in the US slipped into slower growth, after a double-digit rise in the previous year, owing to softening prices and a slowdown in refined petroleum consumption. According to the US’s Energy Information Administration…

The machinery industry in the US continued on a growth path in 2019. The industry saw rising output in all major categories, with general purpose machinery and B2B products posting the best results. Nevertheless, growth in turnover was to a…

Business services in the US saw slower growth in 2019 compared to the previous year. Trade tensions, mainly due to the tariffs imposed on Chinese goods, had an adverse effect on business sentiment and overall economic activity. For example,…

In 2019, US basic chemical producers recorded slowing revenue growth, owing to falling commodity prices and slower growth in industrial B2B demand. Moreover, in early 2020, following oversupply in oil products and disagreements among the OPEC+…

Strong domestic sales drove the household goods industry’s expansion in 2019, mostly encouraged by higher consumer spending. In 2019, Americans enjoyed a historically low unemployment rate and rising wages, which led to a greater ability to spend on…

The industry experienced robust growth over 2019. Private consumption continued to strengthen, aided by a fiscal

The motor vehicles and parts industry saw growth in 2019 in both volume and value terms. New car sales in 2019 exceeded 17 million units for the fifth consecutive year, the result of low unemployment levels, cheap credit and healthy consumer…

During 2019, US motor vehicle production saw growth, maintaining demand for metal products. Sales of new cars exceeded 17 million, as a result of low unemployment and strong consumer confidence. US carmakers lag behind their European peers in terms…

In 2019, finance and insurance witnessed slower growth in comparison with the previous year, as US economic growth showed signs of moderating. Business investment started to decline in the second half of 2019, due to a number of factors, including…

In 2019, electricity consumption in the US totalled 3.9 trillion KWh – slightly lower than in the previous year. Consumption during the year was dragged down by slower manufacturing demand and intensifying usage of energy-efficient technologies. In…

In 2019, the US hi-tech goods industry’s growth weakened. Global markets were increasingly saturated with Asian production, which was both rapidly gaining market share and increasing price competition. In addition, due to the positive US economic…

In 2019, the US transport and storage industry continued to grow at a healthy pace, albeit more slowly than in 2018, mainly supported by the boom in e-commerce. The industry’s slowdown in growth can be partially attributed to stalling exports, a fall…

In 2019, US accommodation providers enjoyed a successful year, thanks to favourable domestic economic development. Rising disposable incomes in US households and declining unemployment led to increased spending on leisure and travel. According to the…

Weak demand for building plastic materials as construction industry is set to stall