HSBC economists expect a rebound to 0.2% growth on a quarterly, seasonally adjusted basis but a slowdown to 1.7% on the year, from minus 0.2% and 2.3% respectively in the second quarter.
The U.S. Industrial Economy continues to be in Recession with the Industrial Production Index falling in nine of the last 17 months. September’s output level sits below that of January 2023, nearly ...