Consumers pulled back a bit on their spending increases in August, notching the slowest growth since the beginning of the year. The latest data from the Bureau of Economic Analysis hints that that as job growth remains pressured — and perhaps as “early” back-to-school and...
The latest revision to second-quarter GDP data is the third and final one. According to the newest data from the Bureau of Economic Analysis, real disposable income turned out to be healthier than initially reported. On Thursday (Sept. 26), the bureau said in a news...
Consumer spending and private inventory investment are driving an increase in real gross domestic product (GDP), the Bureau of Economic Analysis (BEA) said Thursday (Aug. 29). Real GDP increased at an annual rate of 3% in the second quarter, according to the BEA’s second estimate...
The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace of growth. And, yes, consumers are still spending, but the pace is slowing. Savings and disposable income growth rates are...
October 30, 2024
It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay, clicking to pay, swiping their cards; by extension, gross domestic product continues its upward trajectory, though at a pace slowing from previous readings. The Commerce Department’s Bureau of Economic Analysis […]
July 25, 2024
The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace of growth. And, yes, consumers...
April 25, 2024
And now it seems the slowdown is here. Markets slumped by more than 1% Thursday morning (April 25) on the latest reading on gross domestic product (GDP) growth, courtesy of...
November 29, 2023
The latest report from the Bureau of Economic Analysis, released on Wednesday (Nov. 29), noted the U.S. economy grew 5.2% annualized, as measured in the third quarter. That’s up from...
March 06, 2024
The U.S. Census Bureau revised its wholesale inventories estimate for January downward Wednesday (March 6). Total inventories dipped 0.3% in January compared with December 2023, rather than the drop of 0.1% the agency reported earlier in an advanced estimate, the Census Bureau said in a Wednesday press release. This was a bigger drop than some had expected, Reuters reported […]
January 25, 2024
America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. That’s according to figures released Thursday (Jan. 25) by the Commerce Department, which also showed the economy growing...
October 26, 2023
Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at a seasonally- and inflation-adjusted 4.9%...
August 03, 2023
Could the impact of artificial intelligence (AI) on the economy eclipse that of electricity? It’s possible, according to a recent report by Goldman Sachs Economics Research that examines how AI could affect...
