Economy News Updates

Business

Gain in Pending °®¶¹´«Ã½ Sales Shows Market Is Stabilizing

A rebound in contract signings for the purchase of previously owned U.S. homes shows housing demand is stabilizing after a three-month downturn, National Association of Realtors figures released July 31 showed.

July 31, 2017
Business

Weaker Prospects for Incomes Weigh on US Consumer Sentiment

Less enthusiasm about prospects for the U.S. economy and personal finances sent consumer sentiment to a nine-month low in July, survey data from the University of Michigan showed July 28.

July 28, 2017
Government, Business

US Economic Growth Rebounds, but Breaking Out Is Hard to Do

The U.S. economy’s second-quarter rebound puts the expansion back on its familiar, steady path more than it heralds anything new and exciting.

July 28, 2017
Business

Bright Outlook for Industrial Sector, Economists Say at Summit

Business conditions have rebounded in 2017 for companies involved in manufacturing and commodities, and the outlook remains positive for the industrial sector, according to economists at the inaugural American Trucking Associations Economic Summit.

July 28, 2017
Business

Consumer Comfort Gain Reflects Steady Labor-Market Progress

More favorable attitudes about personal finances and the economy helped bolster Americans’ confidence last week, according to Bloomberg Consumer Comfort Index figures released July 27.

July 27, 2017
Business, Equipment

Business Equipment Orders Eased Last Month After Robust May

The U.S. economy is experiencing steady but slower growth in business investment as orders for capital equipment eased last month following a May increase that was bigger than previously reported, Commerce Department data showed July 27.

July 27, 2017
Business

Pace of US New-°®¶¹´«Ã½ Sales Suggests Steady Housing Strength

The U.S. housing market is stabilizing near 10-year highs, according to government data July 26 that showed sales of new homes were slightly less than forecast.

July 26, 2017
Government, Business

Pickup in Confidence Shows Americans Upbeat on Jobs, Economy

A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.

July 25, 2017
Business

US °®¶¹´«Ã½ Resales Ease as Lean Inventory Drives Prices Higher

A slowdown in sales of previously owned U.S. homes shows how lean inventories are keeping prices elevated and limiting purchasing options, National Association of Realtors data showed July 24.

July 25, 2017
Government, Business

IMF Sees US Fading as Global Growth Engine

The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.

July 24, 2017