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Despite the nation’s gross domestic product in the first quarter of the year moving higher than first thought, growth remains at its lowest level since the first quarter of 2015, according to a Commerce Department report released Friday. Yet a separate survey shows this has yet to damper consumers’ feelings.
Read More →One of the biggest drivers of the American economy is showing renewed signs of life as consumers seem to be more upbeat following a sluggish first quarter. However, an economic drag on trucking remains stubbornly high as prices at the wholesale level turned slightly higher.
Read More →Industrial production decreased for the second month in a row during March, adding another sign the economy sputtered in the first quarter of the year.
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Following a raft of disappointing economic news, there are new encouraging signs about the health of the American economic, with improvements in some of the most closely watched measures – including the beleaguered manufacturing sector.
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One of the biggest drivers of the U.S. economy posted broad-based gains in January, which could ease fears following earlier indications that overall activity was slowing. However, a separate report on inventories still raises concerns about a bumpy ride.
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Overall U.S. economic activity eased back on the gas considerably in the final quarter of last year while it expanded in 2015 at the same pace as the year before.
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A stretch of recently leaner times for at least one part of the nation’s manufacturing sector could be nearing an end, despite a new report showing lower new orders.
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A report released Friday shows industrial production in the U.S. fell for the second consecutive month, the latest confirmation the economy lost some ground in the third quarter of the year.
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The amount of activity at the nation’s factories, mines and utilities turned in its best performance in eight months during July, according to a new Federal Reserve report on Friday.
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Consumer prices increased in June from the month before, in positive territory for the first time this year, according to the U.S. Labor Department. A separate report shows consumers' feeling about the economy a just a little less hot than earlier.
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