Tag: Commerce Department
U.S. economy shrank at 5% annual rate in Q1
WASHINGTON (AP) – The United States economy shrank at an even faster pace than initially estimated in the first three months of this year...
U.S. retail sales plunged a record 16% in April as virus...
BALTIMORE (AP) – United States retail sales tumbled by a record 16.4% from March to April as business shutdowns caused by the coronavirus kept...
U.S. trade gap rises to $44.4B as virus slams commerce
WASHINGTON (AP) – The United States trade deficit rose in March as the coronavirus outbreak battered America's trade with the world.
The Commerce Department...
U.S. consumer spending plunges record 7.5%, reflecting virus
WASHINGTON (AP) – United States consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home...
U.S. economy shrank at 4.8% rate last quarter as virus struck
WASHINGTON (AP) – The United States economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the...
Consumer spending edges up slight 0.2% in Feb. but declines expected...
WASHINGTON (AP) – Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in...
U.S. big-ticket factory orders up 1.2% in Feb.
WASHINGTON (AP) – Orders to United States factories for big-ticket manufactured goods rose by a solid amount in February, but the gain came before...
U.S. trade deficit narrows to $45.3B in Jan.
WASHINGTON (AP) – The United States trade deficit narrowed in January as exports fell but imports fell more. The politically sensitive trade gap with...
U.S. economy grew at 2.1% rate in Q4 but virus threat...
WASHINGTON (AP) – The United States economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from...
Orders for U.S. business equipment jumped at start of year
WASHINGTON – Orders placed with United State factories for business equipment increased in January by the most in a year, representing a respite in...
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