Browsing: Economy

Economy

Personal income increased 0.2% ($39.3 billion) in August according to the Bureau of Economic Analysis, down from a 0.4% increase in July. Personal consumption expenditures also increased, rising less than 0.1% or $6.2 billion. Real disposable personal income – personal income less personal taxes – increased 0.1% after rising 0.3% in July. The personal savings

Economy

Real GDP for the second quarter of 2016 grew at an annual rate of 1.4%, according to the Bureau of Economic Analysis’s third estimate, up from the second estimate of 1.1%. The general picture of economic growth remained the same, as revisions to GDP components were small. The changes reflected minor upward revisions to nonresidential

Economy

New orders for manufactured durable goods were virtually unchanged in August, following a 3.6% increase in July, according to the U.S. Census Bureau. New orders excluding defense decreased 1.0% on the month, as orders of nondefense capital goods fell 4.4% to $65.0 billion. Shipments of manufactured durable goods fell 0.4% to $231.7 billion, after being

Economy

New single-family home sales declined to a seasonally adjusted annual rate of 609,000 in August, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

Economy

Existing-home sales fell 0.9% to a seasonally adjusted annual rate of 5.33 million in August, according to the National Association of Realtors (NAR). High prices and low inventories appear to have suppressed sales. “It is very concerning to see that inventory conditions not only show no signs of improving but have actually worsened in recent

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