World Economic Growth to Rise by 2.7%, Hampered by Latin America — World Bank

The World Bank has come out with its 2017 economic forecast, and the numbers are distressing. The global economy is expected to rise by 2.7%, below earlier forecasts. Trouble Latin America ...
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China’s Growth Turns Hot Again With Best PMI Result in 4 Years

China's purchasing manufacturers' index (PMI) took an unexpected jump in December, a sign that its economy may be not be slowing as much as expected. Various estimates put its gross ...
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Gross domestic product

US GDP Growth Estimate for Q3 Rises to 3.5%

The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) on Thursday issued its final revision for third-quarter gross domestic product (GDP). According to the BEA, U.S. GDP rose at ...
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Cold Weather Could Undermine Holiday Sales

The measure of gross domestic product (GDP) for the first quarter of 2014 was wrecked by bad weather, according to many experts, even the White House. An extended period of ...
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food preparation

ISM Non-Manufacturing Posts Strongest Reading of 2016

The ISM Non-Manufacturing Index has been released for November, and we saw an explosive move higher. The Composite Index came in at 57.2. Bloomberg had a consensus estimate of 55.5, and ...
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Fitch Offers Brighter US and Emerging Market GDP Growth in 2017, Less So for China

As the year comes to an end, you can expect to see more and more 2017 forecasts. Fitch Ratings is joining in on that trend. Much of the report is ...
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Chemical plant

Q3 GDP Revised Higher Than Expected

Tuesday brought the first revision for third-quarter gross domestic product (GDP), and the revision was both higher than the first estimate and higher than the expectations already shown. GDP's first ...
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Growth in Europe Picks Up in Flash PMI Reading

The markets have seen two weeks of post-election rallying, while U.S. interest rates and the dollar have both been rising in anticipation of a return to growth. Markit has already ...
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Boeing 787-10

October Durable Goods Orders Surged Higher

The U.S. Commerce Department has released its Durable Goods report for the month of October and it was a strong number across the board. 24/7 Wall St. would remind investors, ...
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Goldman Sachs

Goldman Sachs Issues Upside 2017 Macro Outlook: Trump, GDP, Taxes and Policy

If there is one brokerage research firm that can turn the heads of all investors at once it would have to be Goldman Sachs Group Inc. (NYSE: GS). After all, ...
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Federal Reserve

Chicago Fed National Activity Index Ticked Higher in October, But Still Negative

The Chicago Federal Reserve bank has released its National Activity Index showing a better reading for October versus September. The report was still negative at -0.08, but this is better ...
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house with cash

Fannie Mae Suggests How Administration Changes May Impact 2017 Outlook

Fannie Mae has released some of its expectations for 2016 and 2017 based upon changes in the new administration ahead. The government-sponsored entity's Economic & Strategic Research Group released its ...
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Retail Sales Off to Strong Start in Q4, a Good Sign for GDP

Retail sales managed to grow more than expected in the month of October, rising 0.8% on the headline number. Bloomberg and Dow Jones (Wall Street Journal) both had their consensus ...
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White House

Welcome to the Trump Recession

If consumer spending is two-thirds of gross domestic product (GDP), then Americans may recoil from the shock of a Trump victory by sitting on the sidelines as consumers, at least ...
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Will a Shrinking Trade Deficit Help GDP and Other Metrics?

Investors and economists alike were looking for a solid read on gross domestic product (GDP) long before they were considering what this week's unemployment and payrolls data might look like. ...
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