For the first time since the start of the Covid-19 pandemic, U. S. industry is declining at a slower pace, according to the government’s knowledge published Thursday that I analyzed.
You know you’re in a dark position when it’s a ray of sunshine when U. S. exports and imports have dropped by 10. 94%.
But that’s where we are, isn’t it?
On a day when even the stock market that probably defies gravity and logic has been shot in the nose, we will accept all the news we can receive.
The low of 10. 94% in July compared to last July. Two months earlier, in May, U. S. industry fell 29. 83 percent since last May. So, again, in a spirit of optimism, this is a remarkable step forward.
As things are, the US industry is in the middle of the world. But it’s not the first time It’s about to fall to its lowest point since 2016 and, if things get a little worse, it could go back to an observed point since 2010.
July was also the first month of this year, when the industry fell at a slower pace than the percentage since the start of the year. Again, that’s good news, because the percentage has dropped since the beginning of the year.
Here’s an overview:
During all those months, the YTD figure continues to decrease than the monthly decrease.
That’s why July gives this ray of hope.
Ironically, one of the positive aspects is the US industry. But it’s not the first time With China. Approximately 40-45% of the entire US industry has been able to do so. But it’s not the first time With the global is in 3 countries: Mexico, our largest commercial spouse since the beginning of the year; Canada, No. 2 YTD; and China, No. 3.
In June and July, China was America’s largest trading partner, with U. S. industry with Mexico being crushed by a besieged auto industry, and the industry with Canada continued to be caught in the crossfire of a largely Russian and Saudi war opposed to the United States. . Production of oil and fuel based on herbs.
Canada is through the largest source of foreign oil in the United States: 52% of the total accumulated to date, which is what the United States least wants, given the advent of hydraulic fracturing, or hydraulic fracturing, a trend aggravated by the pandemic, which has significantly reduced driving and flight.
Industry in Canada and Mexico with the United States fell by almost 20% until July, while U. S. and Chinese industry fell by just 12. 57%.
Comparing the July industry to last July, when the US industry was in the middle of the world. But it’s not the first time It dropped by 10. 94%, the industry between the U. S. And Canada fell by 13. 57%, Mexico fell by 8. 99% and China by only 0. 90%.
In July, U. S. industry was in the middle of the U. S. industry. But it’s not the first time It totaled $313. 44 billion, the highest since March. March is the 37th consecutive month in which U. S. industry is in the middle of the year. But it’s not the first time It exceeded $300 billion.
I didn’t leave the womb thinking I’d locate the paintings of my life writing and talking about commercial data, looking to make it attractive and relevant, but that’s where I locate.
I didn’t come out of the womb thinking I’d locate the pictures of my life writing and talking about business knowledge, looking to make it attractive and relevant, but that’s where I am. Today, the company I founded in 1998, WorldCity, has published annual TradeNumbers publications across the country, from Seattle to Miami, from Los Angeles to New York and many midpoints. Each month, we download more than 10 million pages and census knowledge page attitudes in usindustrynumbers. com, about many airports, seaports, countries and export and import products. Me on the Federal Reserve’s Trade and Transport Advisory Council. For about a year, I’ve been talking about the industry in Washington, D. C. , Los Angeles, Laredo, Miami and Chicago. I also post a weekly video about Trade Matters. No hope you do as I do, but I hope I can bring some clarity, another attitude or useful ideas.