Household Debt Sees Biggest Decline in Seven Years as Consumers Trim Spending
Outstanding household debt dipped by 0.2% in the second quarter of 2020, falling by $34 billion to land at $14.27...
Economy
ISM: Non-Manufacturing Sector Growth Continues in July
The ISM Services Index (formerly non-manufacturing sector) grew in July for the second consecutive month. The index registered 58.1% in...
International Trade Balance Tightened in June
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
ADP: 167,000 Jobs Gained in July
The non-farm private sector added 167,000 jobs in July, according to the ADP National Employment Report. This follows a revised...
Factory Orders Rose 6% in June
New orders for manufactured goods in June, up two consecutive months, increased 6.2% to $437.2 billion, the U.S. Census Bureau...
Fed Survey: Loan Demand Plummets in Second Quarter
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of...
Construction Spending Rate Fell Slightly in June
Construction spending fell 0.7% at a seasonally adjusted annual rate (SAAR) of $1,355.2 billion in June, according to the Census...
Manufacturing Sector Growth Rose in July
The ISM Manufacturing Index registered 54.2 points in July, an increase of 1.6 percentage points from the June reading of...
Consumer Sentiment Falls in July
Consumer Sentiment decreased 7.8 points in July to 72.5, according to the University of Michigan Consumer Sentiment Index. July’s figure...
Second Quarter GDP Shrinks 32.9%
Real GDP contracted at a record seasonally adjusted annual rate of 32.9% during the second quarter of 2020, according to...
