Economy News Updates

Business

Housing Starts Fell in July on Apartment Building Slowdown

U.S. housing starts stumbled in July on an abrupt slowdown in apartment construction and a modest decline in single-family homebuilding that shows the industry will do little to spur the economy, Commerce Department data showed Aug. 16.

August 16, 2017
Business

°®¶¹´«Ã½builder Sentiment Reaches Three-Month High in August

Sentiment among American homebuilders unexpectedly increased to a three-month high as builders saw greater prospects for industry demand despite elevated material costs and shortages of labor and lots, according to data Aug. 15 from the National Association of °®¶¹´«Ã½ Builders/Wells Fargo.

August 15, 2017
Business

Broad-Based Advance in Retail Sales Shows Solid Spending

U.S. retail sales advanced in July by the most this year, with widespread gains from department stores to building materials outlets that signal a robust start to consumer spending in the third quarter, according to Commerce Department figures released Aug. 15.

August 15, 2017
Business

Consumer Comfort Reaches 16-Year High on Economic Optimism

Americans last week registered their strongest optimism in 16 years on more upbeat views about the state of the economy, their personal finances and the buying atmosphere, according to Bloomberg News Consumer Comfort data released Aug. 10

August 10, 2017
Business

Unexpected Drop in Wholesale Prices Shows Tame Inflation

An unexpected decrease in U.S. wholesale prices in July, the first in nearly a year, signals inflation will remain tame, a Labor Department report showed Aug. 10 in Washington.

August 10, 2017
Business

Productivity Gains Accelerate While Pace Remains Tepid

Worker productivity gains in the U.S. accelerated in the second quarter to a pace that’s still tepid by historical standards, a Labor Department report showed Aug. 9.

August 9, 2017
Business, Fuel

EIA Raises Both 2017, 2018 US Crude Production Forecasts

U.S. producers are seen pumping away, even with the price of West Texas Intermediate crude lingering below $50 a barrel, according to the latest government estimates.

August 8, 2017
Business

Job Openings Surge to Record in Sign of Robust Labor Demand

A June surge in U.S. job openings to a record indicates demand for workers remained strong at the end of the second quarter, a Labor Department report showed Aug 8

August 8, 2017
Business

Narrowing of US Trade Deficit in June Shows Export Swing

America’s trade deficit narrowed to an eight-month low in June, helped by the biggest outflow of goods and services since the end of 2014, a positive signal for the economy entering the third quarter, Commerce Department data showed Aug. 4.

August 4, 2017
Business

Consumer Comfort Reaches Seven-Week High on US Economic Views

Americans last week started feeling much more confident about the economy, pushing the Bloomberg News Consumer Comfort Index to a seven-week high and partly reversing an early-summer slump, figures released Aug. 3 showed.

August 3, 2017