GTC WM Trendline – September 2019
Global: The US economy grew by 2% in Q2
The US economy grew by 2% in Q2, considerably slower than in Q1, as the effects of their trade wars become more evident with weak business confidence being a major detractor.
The manufacturing sector recorded its lowest reading in over a decade and a second consecutive month of contraction registered at 47.8 in September. This comes after August marked an end to a thirty five month long period of expansion, which averaged 56.6 points.
