Demand for durable goods slumped in March by the most in seven months, adding to signs manufacturing in the U.S. cooled at the end of the first quarter.
Orders for U.S. durable goods excluding transportation equipment climbed in January by the most in a year, showing companies are planning to expand capacity as they look beyond the budget impasse in Washington.
Orders for U.S. durable goods climbed more than forecast in February as companies looked past budget squabbles in Washington and focused on expanding capacity to meet growing demand.
Consumer spending in the U.S. is rising even though hourly pay isn’t. The reason: More Americans are finding jobs and putting in longer hours in the office and on the factory floor.
Manufacturers are turning out more cars and computers, homebuilders are gaining confidence and prices are little changed, showing the U.S. economy is expanding with inflation contained.
Service industries sustained their pace of growth in May, showing the biggest part of the U.S. economy is withstanding the impact of the European debt crisis.
The U.S. economy grew less than forecast in the second quarter, after almost stalling at the start of the year, as consumers retrenched.
The cost of living in the U.S. increased at a slower pace in March as the run-up in energy prices eased, supporting the view of some Federal Reserve policy makers that inflation will ebb.
New-home construction in the U.S. probably held in July near a four-year high, adding to signs the market is stabilizing, economists said before a report today.
Retail sales in the U.S. unexpectedly fell for a third month in June as limited employment gains took a toll on consumers.
"The weakness that we see developing in China, the recession in Europe and the unknown about the weight of the fiscal restraint in the U.S. from the sequester, all those increase uncertainty for business."
- Michael Carey on Apr 24, 2013
Credit Ag’s Carey Sees Strong Q1 Economic Growth