Browsing: Newsbytes

Economy

Consumer Sentiment slipped 0.2 points in August to 89.8, according to the University of Michigan Consumer Sentiment Index. The Current Economic Conditions Index fell 2 points to 107.0, while the Index of Consumer Expectations rose 1.1 point to 78.7. “Less favorable personal financial prospects were largely offset by a slight improvement in the outlook for

Economy

Real GDP for the second quarter of 2016 grew at an annual rate of 1.1%, according to the Bureau of Economic Analysis’s revised estimate, down slightly from the advance estimate of 1.2%. The general picture of economic growth remained the same, as revisions to GDP components were small. The change in GDP reflected downward revisions

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