Weak Final Quarter for 2015 and Slow Momentum Going into 2016
January 29, 2016 | Conference BoardEstimated reading time: Less than a minute
The year ended on a weak note with the U.S. Bureau of Economic Analysis today reporting 0.7 percent annualized growth in real Gross Domestic Product for the fourth quarter. This came a little below consensus expectations of about one percent. As expected, the slow growth in GDP was partly a result of slower inventory buildup and negative exports, although final sales of domestic products also disappointed, growing by just 1.2 percent.
Recent turbulence in financial markets has increased uncertainty regarding future economic conditions, and could hurt business confidence and further slow down investment growth in the beginning of 2016. But the most likely scenario is for solid employment growth, the improving housing market, higher consumer confidence and more government spending to offset the headwinds from the ongoing dollar appreciation and the slow global economy, and lead to GDP growth of about two percent for the year as a whole in 2016.
Suggested Items
VDMA: Machine Vision Navigating Through Uncertain Times
04/18/2024 | VDMAFor over a decade, the European machine vision industry has reported steady growth, with turnover increasing by an average of 9 percent annually between 2012 and 2022. Despite a temporary setback in 2020 (minus 4 percent) due to the Covid-19 pandemic, the industry rebounded strongly in 2021 (plus 17 percent) and 2022 (plus 11 percent).
RTX Provides Blue Canyon Satellite to Help Solve a Crucial Climate Challenge
04/16/2024 | RTXBlue Canyon Technologies, RTX's small satellite manufacturer and mission services provider, announced the successful launch and initial contact with the MethaneSAT satellite.
Europe’s IT, Business Services Sector on the Rebound in Q1: ISG Index
04/15/2024 | BUSINESS WIREEurope’s demand for IT and business services in the first quarter rose for the first time in a year, powered by growth from the banking, financial services and insurance (BFSI) sector, according to the latest state-of-the-industry report from Information Services Group (ISG), a leading global technology research and advisory firm.
Infineon Expands Leading Market Position in Automotive Semiconductors
04/11/2024 | InfineonInfineon Technologies AG continued to expand its leading market position in automotive semiconductors in 2023. According to the latest research by TechInsights, the global automotive semiconductor market grew by 16.5 percent in 2023, reaching a new record size of US$69.2 billion.
North American EMS Industry Up 4.1% in February
03/25/2024 | IPCIPC announced the February 2024 findings from its North American Electronics Manufacturing Services (EMS) Statistical Program. The book-to-bill ratio stands at 1.22.