GDP rose at an annualized rate of 2.8% in the third quarter, according to the most recent estimates. Previous estimates had pegged the quarter’s GDP growth at 3.5%. The manufacturing sector experienced a much steeper decline than the overall economy...
The U.S. economy grew at an annualized rate of 3.5% in the third quarter, according to early estimates by the Bureau of Economic Analysis (Washington). The turnaround was fueled by a 3.4% gain in consumer spending, a 23.4% surge in outlays on new homes, and a...
Industrial production rose 0.6% in August, after a 1.4% gain in July. Durables were up 0.5%, while nondurables advanced 0.7%. Chemical production rose 0.7%, its third consecutive monthly advance. As a result of those gains in output, capacity utilization in...
Manufacturing output and orders increased in July, although inventories continued to shrink and employment losses mounted, albeit at a slower place than in previous months. Shipments of durable goods rose 2% in July, while nondurables fell about 2%, due...
GDP fell an annualized 1% during the second quarter, according to early government estimates, a mild decline compared with the 6.4% drop in the first quarter and the 5.4% drop in fourth quarter 2008. Analysts say the economy benefited from a rebound in...
Shipments of manufactured products fell 0.9% in May, the tenth consecutive monthly drop. Sales of durable goods were down a steep 2.5%, while nondurables advanced 0.7%. However, analysts say the gain in nondurables was most likely the result of inflation. The...
GDP contracted 5.7% during the first quarter, slightly less than the Federal Reserve had initially reported. Manufacturing output fell about 14%, with durables down 19%, and nondurables off 9.1%. Chemical production dropped 11.3% during the quarter. Consumer...
U.S. GDP fell at an annualized rate of 6.1% in the first quarter of 2009, its third consecutive quarterly decline. GDP fell 6.3% in the fourth quarter of 2008, and is now 2.6% below year-ago levels. The severity of the most recent drop was widely anticipated...
U.S. GDP declined 6.3% in the fourth quarter, according to the Bureau of Economic Analysis’ (Washington) most recent estimates. Overall company fourth-quarter profits fell about 17%, with financial industry earnings down 67%. Manufacturing sector...
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