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Posts related to ‘Commerce Department’

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J.P. Morgan Now Projects Stronger Q2 GDP

Posted: May 13, 2013 at 11:05 am

This morning's report from the Commerce Department on retail sales in April was strong enough that we expected it to underpin a stronger climate for gross domestic product in the ...
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April Retail Sales Much Better Than Expected; Could GDP Be Better?

Posted: May 13, 2013 at 9:00 am

Retail sales rose more than expected in the month of April. The Commerce Department reported that overall sales rose by 0.1%, and ex-autos they fell by 0.1%. Bloomberg was calling ...
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Odds Are Stacking Up Against Good U.S. GDP Report for First Quarter

Posted: April 25, 2013 at 7:45 am

The Commerce Department is set to report the first-quarter gross domestic product (GDP) at 8:30 a.m. EST on Friday morning. Odds are lining up against the economy, and the sentiment ...
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Weak Durable Goods Likely Signals Weaker GDP Report for Friday

Posted: April 24, 2013 at 9:00 am

The report on durable goods for the month of March is turning out to not be too durable. This is a highly volatile reading because it involves so many big ...
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Big Drop in Wholesale Inventories as Sales Surge

Posted: April 9, 2013 at 10:25 am

Wholesale inventories and sales should be a relevant economic reading, but the one month lag can mute the reaction to the news. The Commerce Department reported that wholesale inventories were ...
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Trade Deficit Shrinks Handily in February

Posted: April 5, 2013 at 8:55 am

The U.S. trade balance, better known as the trade deficit, was reported as -$43.0 billion for the month of February 2012. This is down from the -$44.8 billion expected by ...
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Consumers Are Spending, but Not Enough

Posted: August 30, 2012 at 9:46 am

Consumers boosted their spending in July by a seasonally adjusted 0.4%, according to the latest Commerce Department data. That was the biggest gain in five months, as aftertax incomes continued ...
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Ten Ways You’ll Know The Recession Is Over

Posted: July 20, 2012 at 6:29 am

When Gallup asked people about the state of the economy this spring, as a recovery appeared to have taken hold, the polling company found “nearly half of Americans, 46%, still ...
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Q1-2012 GDP Not Strong But No Recession Fears

Posted: April 27, 2012 at 8:47 am

The Commerce Department has released its first quarter's initial projection of Gross Domestic Product for the first quarter of 2012.  The results are weaker than expected but they will put ...
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Home Construction Spending Hammered Down

Posted: April 2, 2012 at 10:17 am

Construction spending dropped 1.1% in February, according to the Commerce Department. The numbers were a disappointment to most analysts In all probability, builders continue to watch a drop in home ...
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Commerce Department: New Home Sales Reach 47-Year Low

Posted: January 26, 2011 at 10:19 am

The Commerce Department reports that new home sales reached a 47-year low in 2010 at 321,000. According to the AP, the figure was "a drop of 14.4 percent from the ...
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Consumer Income Falls

Posted: November 1, 2010 at 9:42 am

U.S. consumer spending was nearly flat as the economy moved into the fourth quarter. Personal incomes fell in September, a sign the the holiday retail period may be in trouble. ...
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Durable Goods Collapse

Posted: August 25, 2010 at 8:54 am

Durable goods orders dropped 3.8% when transportation goods were backed out. Total new orders for manufactured goods rose .3%, less than expected, to $193 billion, according to the Commerce Department. ...
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Personal Income Falls In Most Cities–Except Washington DC

Posted: August 10, 2010 at 5:08 am

Washington DC is a good place to work during a recession. Information from the Commerce Department shows personal incomes declined in 233 cities and rose in 134 in 2009. In ...
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Media Digest 8/10/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 10, 2010 at 4:01 am

Reuters:   Economists have cut forecasts and look to the Federal Reserve to take action. Reuters:   BP Plc (NYSE: BP) will try the final stage of killing its leaking well and ...
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