The US economy in a snapshot – BNP

By FXStreet FXStreet (Guatemala) – Analysts at BNP Paribas explained the highlights of the US economy.

Key Quotes:

“The second quarter was more solid than preliminary estimates suggested, and third-quarter prospects are looking rather strong.”

“The manufacturing sector is hurting from the dollar’s strong appreciation and from the slowdowns reported by America’s main trading partners.”

“The non-manufacturing sector is still going strong, since it depends more closely on household spending than on international markets.

The vigorous job market continues to fuel optimism. Job creations are holding up well and the unemployment rate is declining… without generating any wage or price pressures.”
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Source:: FX Street