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The pace of U.S. manufacturing growth, a key indicator affecting trucking, slowed in July from its highest level in five months, according to a survey of the nation’s supply executives.
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Economic Watch: American consumers opened their wallets a whole lot more in May, with consumer spending increasing the most in nearly six years.
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Key economic indicators for October that were posted last week show mostly good news for trucking, including durable goods, home sales and consumer confidence.
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Personal spending in the U.S. increased 0.5% in August from the month before, according to a new Commerce Department report. However, the pace may be slower than it should be to support the continued pace of manufacturing, says one analyst.
Read More →Consumers unexpectedly backed off on personal spending in July by just a bit, while income moved slightly higher, according to a new U.S. Commerce Department report, raising concerns that wages are not keeping up with household needs.
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UPDATED -- A new report shows U.S. consumer spending in March took its biggest leap forward since August 2009.
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