Growth in the U.S. slowed to a 2.4 percent annual rate in the second quarter, less than forecast, reflecting a larger trade deficit and an easing in consumer spending.
The increase in gross domestic product compared with a median forecast of 2.6 percent of economists surveyed by Bloomberg News and follows an upwardly revised 3.7 percent [...]
Posts Tagged ‘us manufactured’
U.S. Economy Grew 2.4% in Second Quarter, Below Forecast
July 30th, 2010 by Financial Writer
Tags: business, business investment, commerce department, consumer spending, economists, global recovery, investment, us manufactured
more...Treasury Two-Year Yield Drops to Record Low on Slowdown Concern
July 15th, 2010 by Financial Writer
Treasury two-year note yields dropped to a record low after reports showed a gauge of New York manufacturing trailed economists’ estimates and production at U.S. manufacturers declined.
Yields on two-year notes, the most sensitive to changes in Federal Reserve policy, fell to 0.5767 percent, below the previous record of 0.5856 percent reached on June 30. Bank [...]
Tags: bank of america, economists, Federal Reserve, financial system, interest rates, us, us economic, us economy, us manufactured, us stocks, us treasury
Wholesale Inventories Rise
July 9th, 2010 by Financial Writer
Inventories of U.S. wholesalers rose in May as warehouses were restocked with machinery and other durable goods, while sales registered their first decline in 14 months.
Wholesale inventories rose 0.5% to a seasonally adjusted $398.81 billion, after increasing by a downwardly revised 0.2% during April, the Commerce Department said Friday. Originally, April inventories were estimated to [...]
Tags: business, commerce department, economic, financial system, inventory, us economic, us manufactured, us stocks, wall street, wholesale
Manufacturing in U.S. Expands Faster Than Forecast
June 1st, 2010 by Financial Writer
Manufacturing in the U.S. expanded in May for a 10th month as factories boosted payrolls to keep up with rising sales here and abroad.
The Institute for Supply Management’s manufacturing gauge fell less than forecast to 59.7 from 60.4 in April, which was the highest level in almost six years. Readings greater than 50 point to [...]
Tags: consumer spending, debt crisis, economic recovery, euro zone, european economy, financial, inventory, stock market, us consumer, us economy, us exporters, us manufactured
Productivity Continues to Rise
May 6th, 2010 by Financial Writer
U.S. productivity rose faster than expected in the first three months of the year, though the gains were more modest than in previous quarters as the recovery continued to take hold.
Separately, the number of U.S. workers filing new claims for jobless benefits fell a third consecutive time last week in a sign that the labor [...]
Tags: business, Dow Jones Industrial, economic, economic recovery, economy, Federal Reserve, interest rates, unemployment, unemployment rate, us economy, us manufactured, us workers, USA
Durable goods orders climb while jobless claims dip
January 28th, 2010 by Financial Writer
New orders for long-lasting U.S. manufactured goods edged higher last month and the number of workers filing applications for jobless aid fell last week, indicating the economy remains on a steady recovery path.
The Commerce Department said on Thursday durable goods orders rose 0.3 percent in December, held back by a surprise drop in civilian aircraft [...]
Tags: businesses, economic recovery, us economist, us manufactured, us stocks
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