Report
Insufficient industrial supply capacity in the United States
The United States has a growing and very large trade deficit in manufactured goods. Not all of this trade deficit can be attributed to buoyant demand for manufactured goods: it is also the result of insufficient supply capacity for industrial products in the United States. This shortfall can be seen in the slowdown in the growth of the capital stock (excluding housing), the fall in the investment rate in manufacturing industry since 2009, and the weak growth in goods exports. If we look by type of goods, it is consumer goods, capital goods and transport equipment for which this shortfall in supply is most visible. The trade surplus in services, particularly telecommunications and IT services, is far from sufficient to offset the deterioration in the US industrial goods trade balance.
Provider
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
Other Reports from Natixis
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.