InterOcean Quarterly Manufacturing Update – Q1 2019

- Market Information & Reports

InterOcean’s first quarter 2019 Manufacturing Update highlights the strength and resilience of the U.S. manufacturing sector. Despite weakness in the Eurozone and China and continued uncertainty caused by the U.S. trade war with China, GDP grew at a 3.2% annual rate in Q1 2019. The US PMI ended March at 55.3, indicating continued expansion. The building products industry demonstrated softness in Q1 2019, but rising wages, low interest rates and continued housing unit inventory shortages should bolster activity later in 2019.

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