标普全球财智:美国增长动能从制造业转向服务业

格隆汇
Aug 21
标普全球财智首席商业经济学家Chris Williamson表示,美国商业正在蓬勃发展,企业报告称,随着第三季度经济扩张在8月份进一步增强,产出增速创下四年多来的最快水平。第三季度的调查数据目前显示,年化增长率接近3.0%,较第二季度1.5%的增速大幅上升。8月份的就业增长也出现了令人欣喜的复苏,随着企业对关税及中东冲突负面影响的担忧逐渐消退,雇主的信心有所增强。然而,后者仍然是企业关注的关键领域,特别是其对供应链和能源价格的影响。8月份再次报告了供应链延迟情况,其严重程度为过去四年来之最,这明显制约了许多企业的产出。价格压力虽然有所减弱,但仍处于高位,且如果能源价格再次上涨,容易重新面临上行压力。与此同时,第二和第三季度之间的增长动能已从制造业转向服务业。随着安全库存减少和供应链延迟抑制了工厂生产的增长,服务业现正扮演着推动美国经济持续扩张的关键角色。

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