Leading indicators show slowing U.S. economic growth

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The U.S. economy looks set to grow at a slower pace than earlier this year, the Conference Board said on Thursday as it reported its leading economic index rose 0.1% in July. The index is essentially flat since March, the Conference Board added, though it's still well above pre-recession levels. ...

Industrial Production in U.S. Increased by 1% Last Month, Double Forecasts

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Production in the U.S. rose more than forecast in July, easing concern the industry that led the economy out of the recession is beginning to slow. Production at factories, mines and utilities climbed 1 percent after a 0.1 percent decline in June, led by a rebound in auto making, figures from th...

Budget Deficit in U.S. Narrowed to $165 Billion in July

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The U.S. government posted a smaller budget deficit in July compared with the same month last year, helped by a gain in corporate tax revenue as the economy recovered from the worst recession since the 1930s. The excess of spending over revenue totaled $165 billion last month following a shortfal...

U.K. July manufacturing PMI slips to 57.3

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Activity in Britain's factories increased at the slowest pace in five months in July, but remained near the post-recession peak, according to the CIPS/Markit manufacturing purchasing managers index released Monday. The PMI reading fell to 57.3 in July from 57.6 in June. Economists had expected a...

Dudley Says U.S. Economy Slowing, Second Recession Unlikely

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Federal Reserve Bank of New York President William Dudley said the U.S. economic expansion may slow this quarter, while a relapse into recession is unlikely. "Growth in the third quarter may turn out to be a bit less than we saw in the first half of the year, though we think there is only a sligh...

IBD/TIPP Poll: Economic Optimism Lowest Since February 2009

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Consumer gloom in July reached its highest level since the recession was near the bottom amid fears that the expansion remains too weak to create many jobs, according to the IBD/TIPP Economic Optimism Index out Tuesday. Meanwhile, a gauge of small-business confidence retreated in June to a level ...

Digesting US Employment

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Digesting this data is sort of complicated. In order to gain all of the jobs lost during the recent recession it will take up to 6 years. The job creation assumes we continue to create jobs at the current rate. Otherwise, the data that has been printed was not as pleasant as anticipated.

Producer Costs in U.S. Unexpectedly Fell in April on Fuel, Food

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Wholesale prices in the U.S. unexpectedly dropped in April, the second decrease in three months, signaling the global economic recovery from the worst recession in the post-World War II era has yet to stoke inflation. The 0.1 percent decline in prices paid to factories, farmers and other produce...

April U.S. auto sales expected up double-digits

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Automakers expect to see a double-digit increase in April U.S. auto sales over the same period a year ago when the recession roiled the industry. U.S. auto sales are likely to rise more than 20 percent for a seasonally adjusted annual rate of 11.4 million units in April, according to a Thomson Re...

U.S. Durable-Goods Orders Excluding Transportation Jump by Most Since 2007

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Orders for durable goods excluding transportation surged in March by the most since the recession began in December 2007, adding to evidence the U.S. recovery is broadening and strengthening. The 2.8 percent increase in bookings for goods meant to last at least three years, excluding cars and ai...
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