Economy News Updates

GovernmentBusiness

US Economic Growth Slows to 2.6% Rate in 4Q

WASHINGTON The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6%, the slowest pace since the beginning of 2018, as the government shutdown and other factors took a toll on growth. Economists believe growth has slowed even more in the current quarter.

February 28, 2019
GovernmentBusiness

Factories Lead Canadas Fastest Economic Growth in Five Months

Canadian gross domestic product grew at the fastest pace in five months on a lift from manufacturing, while oil made an unexpected contribution as prices began to fall for Alberta crude.

December 21, 2018
GovernmentBusiness

Economy Grows at Unrevised 3.5% Pace in Third Quarter

The U.S. economy remained on a solid footing in the third quarter, matching previously reported results, as stronger business investment and a bigger boost from inventories cushioned a trade drag that matched the worst since 1984.

November 28, 2018
GovernmentBusiness

US Economy Grew at Robust 4.2% Rate in Q2

WASHINGTON The U.S. economy grew at a robust annual rate of 4.2% in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade

September 27, 2018
GovernmentBusiness

Fed Survey Finds Concerns About Rising Trade Tensions

WASHINGTON The Federal Reserve reported Sept. 12 that its latest survey of business conditions nationwide found rising concerns over the impact Trump administration trade policies could have on the economy.

September 13, 2018
GovernmentBusiness

Americans Havent Felt This Good About Income Growth Since 2001

Economists say the country is close to full employment, but pay gains for American workers have been flat since 2015. Even last weeks upward blip in wage growth could be wiped out by inflation. Yet Americans havent been this optimistic about future pay raises since the century began, according to the Conference Boards monthly surveys.

September 11, 2018
GovernmentBusiness

Economists Paint Rosy Forecast for Trucking

WASHINGTON Economists for trade associations representing manufacturing, construction and retail industries said during an industry conference here that they expect positive growth to continue for the remainder of 2018, with little chance of a downturn over the next year or so despite the threat of increasing trade tensions, rising interest rates and higher costs.

September 6, 2018
GovernmentBusiness

US Economy Grew at Brisk 4.2% Annual Rate Last Quarter

WASHINGTON The U.S. economy grew at a strong 4.2% annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending.

August 29, 2018
GovernmentBusiness

Fed Describes Economy as Strong for the First Time Since 2006

The Federal Reserve described economic activity as strong in a statement Aug. 1, the first time it has done so since it called it quite strong in May 2006 in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown.

August 2, 2018
GovernmentBusiness

US Construction Spending Fell 1.1% in June

WASHINGTON Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.

August 1, 2018