GDP

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June 1, 2017

Economic Watch: Manufacturing Firms, Construction Down as Personal Spending Jumps

Results from two surveys of the nation’s purchasing executives indicate manufacturing activity in the U.S. during May was nearly unchanged from the month before. Meanwhile, separate reports show construction spending eased, but consumer spending increased, resulting in hopes that the current quarter will be stronger for the overall economy than the previous one.

May 26, 2017

Economic Growth: GDP Not as Weak as First Estimated; Factory Activity Slows

Growth in the U.S. economy during the first quarter didn’t slow as much as first estimated, according to government numbers released Friday, while separate reports showed weaker factory activity but continued high consumer sentiment.

May 23, 2017

Economic Watch: May Manufacturing Activity Eases, Says Preliminary Report

A surge seen early this year in the nation’s manufacturing sector continued to lose steam this month, hitting an eight-month low.

May 11, 2017

Analysis: Look Deeper Into GDP Numbers for Better Trucking Insight

GDP doesn't always tell the whole story of trucking's economic climate. That's why MacKay & Company developed its proprietary measure, Truckable Economic Activity, reflecting the portion of the GDP that spends its time in trucks.

May 5, 2017

Economic Watch: Unemployment Lowest in a Decade, Factory Orders Move Higher

Unemployment in the U.S. has fallen again, hitting its lowest level in a decade but minus any contribution from trucking in April, according to a new report released Friday. Meanwhile, a separate report shows some improvements in the nation’s struggling manufacturing sector.

May 1, 2017

Economic Watch: Manufacturing Growth Slows Along with Incomes, Construction

Activity in the nation’s manufacturing sector continued to throttle back in April from a near two-year peak earlier in 2017, but it continues to expand. Separate reports show drops in consumer spending and construction, but analysts remain generally optimistic about the entire year.

April 28, 2017

Economic Watch: GDP Growth Slows, Positive Signs for Trucking Remain

The U.S. economy grew at the weakest rate in three years during the first quarter of 2017, according to an advanced estimate by the Commerce Department, but economists remain optimistic about future performance.

April 21, 2017

Economic Watch: Conditions Not as Bad as Recent Hard Numbers Suggest

There are good indications the U.S. economy will further strengthen following recent reports that conditions slowed a bit in the first quarter of the year and at the beginning of the second quarter.

April 18, 2017

Economic Watch: Weaker Numbers for Manufacturing, Housing

A measure of industrial production in the U.S. moved higher despite an easing in manufacturing, while the housing market also gave up some recent gains, according to reports issued Tuesday.

April 14, 2017

Economic Watch: Retail Sales Ease as Consumer Prices Drop Slightly

Retail sales fell for the second straight month during March, according to the Commerce Department on Friday. Separate reports showed consumer prices declined – but there are expectations that retail imports will continue to grow as the overall economy expands.

March 13, 2017

Analysis: Mining for Economic Gold

There are largely overlooked nuggets of information buried in the numbers about the economy and trucking that could be the most telling sign of where conditions are headed, writes Evan Lockridge in his Econ Watch column from the March issue of Heavy Duty Trucking magazine.

February 28, 2017

Economic Watch: GDP Performance Unchanged; Durable Goods Rebound

The widest measure of the nation’s economy performed as first estimated in the final quarter of last year despite a jump in consumer spending, according to a new assessment released Tuesday. Meanwhile, orders for long-lasting durable goods rebounded somewhat in January.

January 27, 2017

Trucking Activity Looks Strong to Start 2017

Truckable Economic Activity, the parts of Gross Domestic Product that spends time in trucks, looks to be getting off to a strong start in 2017.

January 27, 2017

Economic Watch: GDP Slows on Trade as Other Indicators Stay Strong

The widest measure of U.S. economic growth slowed in not just the final quarter of last year but for all of 2016. However, that performance wasn’t so much due to weakness here at home.

December 22, 2016

Economic Watch: Overall Growth Revised Higher, Business Investment Up

The economy expanded more than previously estimated in the third quarter, and separate reports offered up some relatively positive economic news just in time for the holidays.

November 29, 2016

Economic Watch: GDP Posts Biggest Jump in 2 Years, Consumer Confidence Soars

Overall U.S. economic growth increased more in the third quarter of the year than first projected, according to a new Commerce Department report, and will likely pave the way for an interest rate hike in December.

November 10, 2016

Analysis: Economic Growth Springs Back to Life

Economic growth has suddenly returned in the 3rd quarter but in his latest column Evan Lockridge asks, will it continue?

October 28, 2016

Economic Watch: GDP Growth Roars Back, Hits 'Turning Point'

Growth in the U.S. economy accelerated in the third quarter of the year, posting its biggest gain in two years, according to Commerce Department numbers released Friday morning. However, a separate report shows consumer confidence slipped.

October 19, 2016

Economic Watch: Consumer Prices Jump, May Push Interest Rates Higher

While the strength of nation’s homebuilding market has eased just a bit, it remains robust. Meanwhile, a measure of consumer prices show it’s approaching a level the Federal Reserve has said it needs to hit in order to raise interest rates.

August 24, 2016

Economic Watch: Manufacturing Declines, GDP Expectations Lowered

A preliminary look at the nation’s manufacturing sector shows it continues to expand following a recent downturn. Separate reports show expectations of long-term economic growth have been moved lower and the housing market is suffering from low inventory levels.

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