Browsing: Economy

Economy

Personal income increased $68.1 billion, or 0.4 percent, in October, according to the Bureau of Economic Analysis, up from a 0.2 percent increase in September. Personal consumption expenditures (PCE) increased $15.2 billion, or 0.1 percent, consistent with the previous month. Disposable personal income – personal income less taxes – increased 0.4 percent, up from 0.3

Economy

New orders for manufactured durable goods increased 3.0 percent to $239.0 billion in October, according to the U.S. Census Bureau. The October increase followed a 0.8 percent decrease in September. The majority of the increase was attributable to an 8.0 percent increase in new orders for transportation equipment. Excluding transportation, new orders increased 0.5 percent.

Economy

By James Chessen, ABA chief economist “Robust loan growth was the driving factor behind another strong quarter for America’s banking industry.  Lending served as the primary driver of the growth in bank assets as the bread and butter of banking moves to center stage.  Banks are well prepared to manage what is expected to be

Economy

The Conference Board’s Consumer Confidence Index declined for a second straight month in November to a reading of 90.4, down from 99.1 in October and 102.6 in September. The Present Situation Index also decreased for a second month to 108.1, down from 114.6 in October and 120.3 in September. The Expectations Index saw a third

Economy

The 20-City Case-Shiller Composite gained 5.5 percent year-over-year in September, up from August’s gain of 5.1 percent. The 10-City Composite gained 5.0 percent from the previous year, up from a 4.7 percent annual increase last month. The National Index posted a 4.9 percent annual increase, compared to a 4.6 percent increase in August. On a

Economy

Real GDP for the third quarter grew at an annual rate of 2.1 percent according to the Bureau of Economic Analysis’s second estimate. GDP was upwardly revised from the first estimate of 1.5 percent growth, but is down from the growth rate of 3.9 percent during the second quarter. The third quarter’s slower growth partly

Economy

Existing home sales fell 3.4 percent in October to a seasonally adjusted rate of 5.36 million, according to the National Association of Realtors (NAR), down from a rate of 5.55 million in September. Existing home sales are now 3.9 percent higher than the year ago level. Total housing inventory fell 2.3 percent to 2.14 million

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