United States Growth Tracker
11 October 2021
- US GDP grew at 6.7% in Q2 2021 after expanding by an annualised 6.3% in Q1.
- Key indicators show economic activity remained solid but at a slower rate of growth in September.
- Consumer sentiment has continued to remain low compared to pre-covid levels.
- Unemployment claims for August eased again but employment numbers remain well below early 2020 levels.
- Sale of passenger cars cars in July were 0.5% down year on year.
Real GDP Growth 1961 - 2020
Since 1961, annual American real GDP growth has been following a falling trend year-on-year.
Quarterly Real GDP Growth Q1 2008 - Q1 2021 ($billion, 2009 chained)
Leading & Composite Indicators
OECD Composite Leading Indicator
The OECD Composite Leading Indicator® (CLI) is designed “to provide early signals of turning points between expansions and slowdowns of economic activity”. The components include: Dwellings started (number), Net new orders for durable goods, share prices: NYSE composite, consumer sentiment indicator, weekly hours of work: manufacturing, purchasing managers index, and the spread of interest rates.