Economy News Updates

Business

Pace of US New-ºÚÁϳԹÏÍø Sales Suggests Steady Housing Strength

The U.S. housing market is stabilizing near 10-year highs, according to government data July 26 that showed sales of new homes were slightly less than forecast.

July 26, 2017
Government, Business

Pickup in Confidence Shows Americans Upbeat on Jobs, Economy

A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.

July 25, 2017
Business

US ºÚÁϳԹÏÍø Resales Ease as Lean Inventory Drives Prices Higher

A slowdown in sales of previously owned U.S. homes shows how lean inventories are keeping prices elevated and limiting purchasing options, National Association of Realtors data showed July 24.

July 25, 2017
Government, Business

IMF Sees US Fading as Global Growth Engine

The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.

July 24, 2017
Business

Takeaways From ATA Economic Summit

ACT Research President Kenny Vieth and ATA Chief Economist Bob Costello discuss takeaways from the July 20, 2017, ATA Economic Summit with TT's Ari Ashe. The summit brought together economists from various industries.

July 20, 2017
Editorial

Editorial: A Matter of Perspective

Any artist will tell you that perspective matters when looking at a picture. A survey of the financial picture for industries that affect trucking, which was presented at an economic conference last week, is no different.

July 20, 2017
Business

Consumer Goods, Housing Stable, Expected to Expand in Economy, Analysts Predict at Seminar

The consumer goods and housing sectors of the U.S. economy are on stable footing and should continue to expand moderately through at least 2018, as long as the nation can avoid self-manufactured traps, according to panelists at a trucking industry seminar on the economy.

July 20, 2017
Business

ºÚÁϳԹÏÍøbuilder Sentiment Declines to an Eight-Month Low

Sentiment among American homebuilders deteriorated to an eight-month low in July on concerns about higher material costs, according to July 18 data from the National Association of ºÚÁϳԹÏÍø Builders/Wells Fargo.

July 18, 2017
Government, Business

Americans Feel Good About the Economy, Not so Good About Trump

Almost six months into Donald Trump’s presidency, Americans are feeling fairly optimistic about their jobs, the strength of the U.S. economy and their own fortunes. That should be welcome news for the president, except for one thing: The public’s confidence largely appears to be in spite of Trump, not because of him.

July 17, 2017
Government, Business, Logistics

ATA's Bob Costello: Forecasting the Shifting Business Climate

ATA Chief Economist Bob Costello talks with TT's Daniel Bearth about the shifting business climate for trucking, part of our July 12 LiveOnWeb program on the 2017 Top 100 For-Hire Carrier rankings. (Joseph Terry/Transport Topics)

July 13, 2017