Retail sales in the U.S. climbed in July by the most in four months, showing consumers were holding up at the start of the third quarter.
The U.S. economy expanded less than forecast in the first quarter as a smaller contribution from inventories overshadowed the biggest gain in consumer spending in more than a year.
Applications for unemployment benefits in the U.S. rose more than forecast last week to the highest level in more than a month, partly reversing a post- holiday slump.
Employment in the U.S. was heating up until Old Man Winter emerged to cast a chill.
Orders placed with U.S. factories rose in June, pointing to further stabilization in manufacturing that may help lift second-half growth.
Service industries expanded in March at the slowest pace in seven months and companies added fewer workers than forecast, indicating the U.S. economy is starting to cool.
Confidence among consumers declined to a five-month low in September as Americans’ views on the economy dimmed.
"We should expect continued gradual growth heading into next year."
- Ryan Wang on Nov 19, 2014