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Longest period of economic growth in US history, 121 months

July 01, 2019

The US economic expansion at the start of this month is now the longest period of economic growth in US history at 121 months, CBS News reported. However, the pace of growth in this recover has been relatively slow.

Previously, the longest expansion was 120 months, which ended in the dot-com crash in 2001, according to the National Bureau of Economic Research.

Just last week, real gross domestic product was reported to have grown 3.1% on an annualized rate in the first quarter, according to a third estimate by the US Bureau of Economic Analysis.

Separately, The Institute for Supply Management today reported a survey for its measure of activity in the US manufacturing sector found continued expansion of business strength but at softer levels.

Its manufacturing purchasing managers index fell to a reading of 51.7 in June, its third month of deceleration. However, readings of 50 or more still indicate expansion.

The employment portion of the index, however, rose to reading of 54.5 in June from a reading of 53.7 in May.

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