US and China Quarterly Economic Update: Data Shows Resilience in US and China Economies
In this report, we discuss recent macroeconomic indicators from the US and China:
- US GDP increased by an annual seasonally adjusted rate of 3.2% in the first quarter of 2019, versus 2.2% in the fourth quarter of 2018.
- US industrial output decreased at an annual seasonally adjusted rate of 0.3% in the first quarter of 2019.
- GDP in China increased 6.4% year over year in the first quarter of 2019, the same as the previous quarter.