USA

With one of the best business environments globally, the country exhibits significant economic freedom. However, fiscal health is very weak, owing to excessive state spending. Economic recovery will be driven by consumption and massive infrastructure…

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…

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…

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…

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,…

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 wood and wood products sector recorded slowing revenue growth, owing to weaker domestic B2B demand. During the year, the US construction industry’s revenues showed signs of a slowdown, due to a more restrained performance by…

In 2019, the US housing market saw robust growth in demand, supported by rising household incomes. Property prices were also on the rise, recording a 4% increase over 2018. Expanding demand and rising prices allowed real estate developers to see…

In 2019, food manufacturing sales remained dependent on in-home food consumption, as household spending on groceries accounted for the lion’s share of the total food and beverage manufacturing market. According to the United States Department of…

Lacklustre B2B and household demand, and social distancing measures limit revenue growth