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  4. 6 charts show how the trade war and the GM workers strike have hit the US economy

6 charts show how the trade war and the GM workers strike have hit the US economy

Economic growth and business confidence are under pressure

6 charts show how the trade war and the GM workers strike have hit the US economy

The GM workers' strike has hit industrial production

The GM workers

Industrial production has been whacked this year, and the GM workers strike weighed on production as shown by the decline of 0.5% in September, though this should recover.

"Subdued global demand means manufacturing output is likely to trend lower in the coming months," Capital Economics said.

Consumer confidence remains strong

Consumer confidence remains strong

Consumer confidence has been one of the bright sparks of the American economy, something that hasn't waned while the rest of the economy has slowed due to the trade war. While it's still healthy, it could fall in the coming months.

The trade war has hit new factory orders

The trade war has hit new factory orders

New factory orders have taken a massive hit during the trade war as shown by the line in purple. Weaker sales of manufactured goods and other products to overseas customers remain a key headwind.

"With global demand weak, the immediate outlook for exports is poor," Capital Economics said. "The apparent deal with China to boost purchases of US agriculture product is encouraging, but soybean exports already rebounded ahead of the trade talks."

Exports to China have dropped

Exports to China have dropped

Exports to China have dropped significantly and now exports to the rest of the world are slowing also. A slowing world economy has weighed on global demand and therefore America's export industries.

Growth in US jobs is slowing

Growth in US jobs is slowing

Growth in US job numbers has tapered in recent months.

"The 136,000 rise in non-farm payrolls in September extends the gradual slowdown from last year's unusually strong pace," Capital Economics says. It warned the GM strike could reduce October's reading by tens of thousands of jobs.


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