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Manufacturing activity in the U.S. remains strong, despite small declines recorded in three reports, while the construction sector posted its biggest gain in nearly half a year.
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Total U.S. economic activity in this year's third quarter increased more than originally estimated, according to revised numbers issued Wednesday by the Commerce Department.
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The nation’s manufacturing sector continued growing over an array of industries last month, though there is a bit of disagreement as to how fast it is expanding, following the release of two reports.
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Trying to narrow down the single, biggest point made at the annual FTR Transportation Conference would be a fool’s errand. The event was content rich, covering everything from the economy and freight to equipment and everything in between. Business Contributing Editor Evan Lockridge found three takeaways.
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Manufacturing activity in the U.S. turned higher in September, hitting its highest level in 13 years, according to newly released survey results of supply executives. A separate report showed construction spending rebounded after two straight monthly drops.
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A first-look at how the manufacturing economy is performing this month shows conditions have improved to a two-month high, while a separate report indicates the overall economy improved again in August as the outlook calls for continued growth through the second half of the year.
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In the early 1990s, it was common to hear economists define a healthy economy as one with gross domestic product growth of around 3% annually.These days, when growth gets close to that “magic number,” it’s greeted with a yawn — and it shouldn’t, says business contributing editor Evan Lockridge.
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"Sometimes growing stronger is also the next thing that leads to the next recession." Dr. Larry Davidson, professor emeritus of business economics and public policy at Indiana University’s Kelley School of Business, talked about "secular stagnation" at the FTR Transportation Conference.
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The widest measure of the health of the American economy was revised higher for the second quarter of the year, hitting its best pace in two years, while separate reports show hiring and consumers' feeling about the economy remain strong.
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One of the biggest drivers of the U.S. economy shifted into high gear in July, posting its biggest gain in seven months, according to a new Commerce Department report.
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