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SEMA Industry Indicators: U.S. Economy Continues to Grow, But at a Slower Rate

SEMA Industry Indicators: U.S. Economy Continues to Grow, But at a Slower Rate

By Kyle Cheng

Economic data since the shutdown has been weaker and less robust than anticipated and will continue to be throughout the remainder of 2019. However, most economists expect growth to continue. It remains unclear when, how and even if a recession will occur.

Sluggishness is showing in many areas of the economy. Retail sales have declined over the past few months. While new-vehicle sales improved in March, they remain down for the quarter and for the year. Additionally, job gains, while positive, have also slowed.

Despite this, there are many signs of strength as well. Equity markets have recovered their declines from last year. Manufacturing is looking positive, as readings on new orders and overall production have improved. Likewise, consumer sentiment has rebounded as some uncertainty has dissipated.

To learn more, download the April “SEMA Industry Indicators” report, now available for free at www.sema.org/research.

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