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US industrial production has fallen 4% since mid-2014. Over that period, the US energy sector has slumped and the US dollar surged. Both of these factors are negatives for US industry. However, granular data for industrial output and US exports suggest that the decline in industry is much more a commodity story than a currency story.
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Economic focus: US industrial decline caused by energy bust or dollar surge? PDF - 756.93 KB 9 Pages, 0 Tables, 27 Figures
Description
This Macroeconomics and Global Trends Insight report presents our research on this key topic, and draws out the implications for economies and commodity markets.
This report delivers a clear understanding of our unique global economic outlook and identify risks and uncertainties to watch out for.
Wood Mackenzie's global trends and macroeconomic analysis underpins all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.
Our comprehensive understanding of commodity markets gives us a unique insight into the pace of global development and the risks associated with it.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Insight | Jul 2016
Economic focus: US industrial decline caused by energy bust or dollar surge?
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