Government, Business

Factories Lead Canada’s Fastest Economic Growth in Five Months

Factory Worker Getty Images

Canadian gross domestic product grew at the fastest pace in five months on a lift from manufacturing, while oil made an unexpected contribution as prices began to fall for Alberta crude.

Greg Quinn | Bloomberg News
December 21, 2018
Government, Business

Economy Grows at Unrevised 3.5% Pace in Third Quarter

Pedestrians walk past holiday windows display at the Bloomingdale's Inc. store in New York. Pedestrians walk past holiday windows display at the Bloomingdale's Inc. store in New York on Nov. 22. (Jeenah Moon/Bloomberg News)

The U.S. economy remained on a solid footing in the third quarter, matching previously reported results, as stronger business investment and a bigger boost from inventories cushioned a trade drag that matched the worst since 1984.

Shobhana Chandra | Bloomberg News
November 28, 2018
Government, Business

US Economy Grew at Robust 4.2% Rate in Q2

An Evergreen refrigerated truck Stephen B. Morton/ Associated Press

WASHINGTON — The U.S. economy grew at a robust annual rate of 4.2% in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade

Martin Crutsinger | Associated Press
September 27, 2018
Government, Business

Fed Survey Finds Concerns About Rising Trade Tensions

Rising Trade Tensions Victor J. Blue

WASHINGTON — The Federal Reserve reported Sept. 12 that its latest survey of business conditions nationwide found rising concerns over the impact Trump administration trade policies could have on the economy.

Martin Crutsinger | Associated Press
September 13, 2018
Government, Business

Americans Haven’t Felt This Good About Income Growth Since 2001

Income Growth Getty Images

Economists say the country is close to full employment, but pay gains for American workers have been flat since 2015. Even last week’s upward blip in wage growth could be wiped out by inflation. Yet Americans haven’t been this optimistic about future pay raises since the century began, according to the Conference Board’s monthly surveys.

Brandon Kochkodin | Bloomberg News
September 11, 2018
Government, Business

Economists Paint Rosy Forecast for Trucking

Rosy Forecast From left: Costello, Gill, Plastics Industry Association Chief Economist Perc Pineda and Sanchez. (Joe Antoshak/Transport Topics)

WASHINGTON — Economists for trade associations representing manufacturing, construction and retail industries said during an industry conference here that they expect positive growth to continue for the remainder of 2018, with little chance of a downturn over the next year or so despite the threat of increasing trade tensions, rising interest rates and higher costs.

Daniel P. Bearth | Staff Writer
September 6, 2018
Government, Business

US Economy Grew at Brisk 4.2% Annual Rate Last Quarter

Factory robots Bryan Mitchell/Bloomberg News

WASHINGTON — The U.S. economy grew at a strong 4.2% annual rate in the April-June quarter, the best showing in nearly four years, as growth stayed on track to produce its strongest gain in more than a decade. Strength in business investment offset slightly slower consumer spending.

Martin Crutsinger | Associated Press
August 29, 2018
Government, Business

Fed Describes Economy as ‘Strong’ for the First Time Since 2006

House under construction A frame is raised on a house under construction near Roseville, Calif. (Rich Pedroncelli/AP)

The Federal Reserve described economic activity as “strong” in a statement Aug. 1, the first time it has done so since it called it “quite strong” in May 2006 — in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown.

Jenna Smialek | Bloomberg News
August 2, 2018
Government, Business

US Construction Spending Fell 1.1% in June

Construction cranes in Washington, D.C. Construction cranes in Washington, D.C. (J. David Ake/AP)

WASHINGTON — Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.

Matt Ott | AP Business Writer
August 1, 2018
Government, Business

Consumer Spending Up Solid 0.4% in June

Woman with shopping bags (Marcio Jose Sanchez/AP)

WASHINGTON — Consumer spending rose by a solid 0.4% in June, while a key gauge of inflation increased at an annual pace of 2.2% for a second straight month — the strongest back-to-back gains in six years.

Martin Crutsinger | Associated Press
July 31, 2018