Latest News Updates From Martin Crutsinger

Government, Business

Industrial Output Falls 0.1% Amid Supply Issues

WASHINGTON — U.S. industrial production fell 0.1% in December, the first decline since September, with manufacturers still struggling with snarled supply chains.

January 14, 2022
Government, Business

Wholesale Prices Jumped 9.7% in 2021

Prices at the wholesale level surged by a record 9.7% for all of 2021, setting an annual record and providing further evidence that inflation is still present at all levels of the U.S. economy.

January 13, 2022
Government, Business

Economy Grew at 2.3% Rate in Q3, Up From Earlier Estimate

WASHINGTON — The U.S. economy grew at a 2.3% rate in the third quarter, slightly better than previously thought, the Commerce Department said Dec. 22. But prospects for a solid rebound going forward are being clouded by the rapid spread of the latest variant of the coronavirus.

December 22, 2021
Government, Business

Wholesale Inflation Jumps Record 9.6% Over Past 12 Months

WASHINGTON — Prices at the wholesale level surged by a record 9.6% in November from a year earlier, an indication of ongoing inflation pressures.

December 14, 2021
Government, Business

Trade Deficit Narrows in October as Exports Rebound

WASHINGTON — The U.S. trade deficit narrowed to $67.1 billion in October, the lowest in six months, after hitting a record high in September.

December 7, 2021
Business

Consumer Spending Rebounds in October; Inflation Elevated

WASHINGTON — U.S. consumer spending rebounded in October, rising by a solid 1.3%, but inflation remains elevated, rising over the past year at the fastest pace in more than three decades.

November 24, 2021
Government, Business

Budget Deficit Hits $2.77 Trillion in 2021

WASHINGTON — The U.S. budget deficit totaled $2.77 trillion for 2021, the second highest on record but an improvement from the all-time high of $3.13 trillion reached in 2020.

October 22, 2021
Government, Business

Wholesale Prices Rose Record 8.6% Over 12 Months

WASHINGTON — Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010.

October 14, 2021
Government, Business

Trade Deficit Hits Record $73.3 Billion in August

WASHINGTON — The U.S. trade deficit increased to a record $73.3 billion in August as a small gain in exports was swamped by a much larger increase in imports.

October 5, 2021
Business

After Ida Hits, August Industrial Output Gains Slow to 0.4%

U.S. industrial production slowed to a 0.4% gain in August as shutdowns of petroleum refineries and petrochemical plants caused by Hurricane Ida curbed manufacturing activity.

September 15, 2021