Published On: Wed, Aug 26th, 2020

U.S. Economy Confirms Growth

U.S. GDP

The U.S. economy  gained more decorrente da momentum this July, as   wepredicted, as companies  overcome the effects of the slowdown from the pandemic and the closure decreed by cities and states.

It is also worth  mentioning  the  actions of the central government that gave a huge liquidity of the market.

This fantastic improvement,  has not been seen anywhere else in the world See chart below).

Manufacturing

Data released last Friday suggestthat,  U.S. companies are seeing demand return as they reopen from the tax blockades in the spring and early summer. They also indicate that the economy so far has managed to withstand July’s sharp increase in new coronavirus infections and business closures that threatened to take recovery off course.

Data company IHS Markit said its composite index of purchasing managers, a measure of manufacturing and services activity, rose to 54.7 from 50.3*  *in July, a rise from the last 18 months in both sectors.

*A reading above 50 is an expansion signal, while a reading below 50 is a contraction signal.

The manufacturing production index rose to 53.6 from 50.9 in July. The service activity index rose to 54.8 out of 50.

Sales

Rising demand spurred August expansion, IHS Markit said, thanks to customer feedback, new marketing campaigns and easing overseas blockades, which helped boost exports. Survey respondents said they remained optimistic about the next 12 months

Real Estate Market

In a separate report on Friday, the National Association informou of Realtors reported that sales of previous property homes increased 24.7% in July compared to June, driven by low interest rates and people’s desire for more space in their homes..

Jobs

The economy has generated 9 million jobs in the last 3 months reducing the level of unemployment to  about  10%

Automotive sectorico

Car demand has grown 65% in the last 3 months

Financial stock market

The two major indexes  continue to extend their record amid continued hopes of cooling U.S.-China trade relations and resuming the economy. 

As we see, those who bet in favor of developing their business with or across the U.S. are seeing the benefits of this decision.

Carlo Barbieri

About the Author

- My name is Carlo Barbieri, an entrepreneur, civic activist and a leader of many organizations associated with Brazil. A native of Brazil myself, I am currently the CEO of Oxford Group, a firm composed of many international consulting and trading companies. I am also a founding member of the Brazilian Business Group and founding member and Past President of the Brazil Club. In addition, I serve as a Board member of the Deerfield Chamber of Commerce. I have served as a member of the Florida Chamber of Commerce and the Florida Brazil Partnership. Past President of the Rotary Club – Boca Raton West for the 2014-2015 term, I have also been Vice President and Professor of 2Grow – Human Development. An Ambassador of Barry University in Brazil, I am the former President of the Black Fire Bull Steak House. I have also presided over a number of organizations such as the Brazilian Association of Trading Companies (ABECE), Brazil-China Chamber of Commerce in São Paulo, Brazil-Australia Chamber of Commerce, Brazil-Dominican Republican Chamber of Commerce; director of the Trade Center of the State of São Paulo, Brazilian Association of Freight Forwarders and Brazilian Association of Banks. I was also a local Council member for the Consulate General of Brazil in Miami, for the 2013-2017 term.

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