This presentation will discuss both macro and micro indicators when it comes to the economy in North America. The emphasis will be on Canada and United States and include key areas like retail sales, trade, employment and housing starts.
The presentation will also look at key industry trends for Canada and United States.
The information can help support both short-term and long-term business plans for business.
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North American Market Trends for August 2016
1. Key Economic and Market
Indicators for North America
– August 2016
BY: PAUL YOUNG, CPA, CGA
2. Paul Young - Bio
CPA, CGA
25+ years experience in Financial Analysis & Planning, Audit/Controls, Taxation,
Financial Solution, Academia, Business Process Improvements
Email: Paul_Young_CGA@Hotmail.com
3. Agenda
Global Forecast
Commodity Price
Automotive Production
Steel Production
Steel processing
Class 8 Truck Sales
Power Generation – Canada
Power Generation – USA
Oil Rigs
AG Equipment
Housing Starts
Employment – Canada
Employment – USA
Wages
Manufacturing – USA
Manufacturing – Canada
Merchandise Trade – Canada
Merchandise Trade – USA
Retail Sales – USA
Retail Sales – Canada
17. GDP
Source – Stats Canada
The output of goods-producing industries
rose 1.0% in July, with mining, quarrying, and
oil and gas extraction contributing the most to
the gain. Manufacturing, the agriculture and
forestry sector, and utilities also increased,
while construction decreased.
The output of service-producing industries
advanced 0.3% in July. Most sectors posted
increases, led by finance and insurance,
transportation and warehousing, and
accommodation and food services. The public
sector (education, health and public
administration combined) was essentially
unchanged.
26. Retail Sales - USA
Sales at U.S. retailers dropped more than forecast in August, indicating a pause in recent
consumer-spending strength that has carried the economy.
Purchases declined 0.3 percent from July, the first drop in five months, after a revised 0.1 percent
advance in the previous month, Commerce Department figures showed Thursday in Washington.
The median projection of economists surveyed by Bloomberg called for a 0.1 percent decline.
Excluding cars, sales unexpectedly fell 0.1 percent.
An easing in vehicle buying matched a lackluster performance elsewhere, with sales falling in
seven of 12 retail categories outside autos. While low borrowing costs, cheap gasoline prices and
steady job gains should keep a floor under demand, wage growth remains slow and sustained
weakness in consumer spending could limit any second-half economic rebound.
Source: Bloomberg
28. Summary
Economic growth for 2016 continues to be downgraded
Hanjin bankrupty has caused delays with shipments
New government policies Cap and Trade / Carbon Tax
Infrastructure funding slowed in Canada
Countries adopting BEPS Reporting
Productivity has worsen in both Canada and United States