U.S. Economic Indicators

At the beginning of 2020, approximately 16.9 million light vehicle units were anticipated to be sold in the United States for the year. In November 2020, the seasonally adjusted annual rate (SAAR) is 15.5 million light vehicle units according to the Bureau of Economic Analysis.

Detroit Metropolitan Airport experienced a 65% decrease in total passengers in the month of October compared to the same month last year. While U.S. airports saw an 71% decrease in airport travelers over the same weekday last year.

The OI Economic Tracker is an interactive tool helping identify pandemic-related impacts among industries and communities by visualizing consumer spending, status on small businesses, and job postings across the nation at granular levels.

The Small Business Pulse Survey, a weekly experimental data product from the U.S. Census Bureau, has released the fifth week of results showing the effects of COVID-19 on national, state, and regional small businesses.

Consumer sentiment increased by 4.9 percentage points in November. In April consumer sentiment decreased by 18.1 Index-points, the largest monthly decline ever recorded.

The Manufacturing PMI® registered at 57.5% in November, a decrease of 1.8 percentage points from October, according to the Institute for Supply Management® (ISM®).

Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020, according to the advance estimate released by the Bureau of Economic Analysis.