Decline of the global economy begins to influence the United States. Experts are concerned about some statistical indicators published recently.
For example, in December retail sales in the country decreased by 0.9% when compared with November, and it is the biggest drop since the beginning of 2014. Indicators such as the number of new applications for unemployment benefits again passed for 300 thousand last week. Index of manufacturing activity at the beginning of 2015 in New York and Philadelphia regions was noted only a slight increase.
However, even these figures suggest an economy with optimism, since the US labor market remains strong. The US Labor Department reported that 2014 was the most successful since 1999, in terms of employment growth. About 2.95 million people this year have acquired jobs, and the number of jobs created at the end of the year was the highest in 13 years.
By reducing the cost of oil and the positive dynamics of the labor market, the cost of consumer goods in the country grow significantly. Looking at that companies plan to increase sales and invest into production. Consequently, the value of consumer and business confidence is also growing - told the press service of the TusarFX Company.
The impact of the global economy
Note that the Japanese and European economy expected decline in indexes. In addition, China's economy, which in recent years has pushed the global market, now slows the growth. And countries that are heavily dependent on the cost of oil, predicting the decline of their economies.
However, the slowdown in the US manufacturing activity may be the "first bell", as most US industries rely on exports. In addition, the strengthening of the US currency makes the products less competitive in terms of price for foreigners. Cupule around the downturn in the economy outside the US is likely to lead to a decrease in sales of American manufacturers.
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