U.S. Factory Orders Decline 0.8% in April
“We expect further bumps along the road for manufacturing as a slowing global economy and escalating tariffs on major U.S. trading partners pose headwinds."
U.S. Consumer Spending Surges 0.9% in March
“The economy is in a sweet spot for now," with inflation pressures remaining too weak for the Fed to raise interest rates.
U.S. Economy Posts Surprise 3.2% GDP Gain
GDP got a boost in Q1 from a sharp decline in imports but economists warn that underlying spending and investment data point to slowing growth.
U.S. Housing Starts Fall to Near 2-Year Low
“Waiting for construction activity to pick up after a sharp drop in mortgage rates is like waiting for Godot."
U.S. Retail Sales Take Surprising Dip in February
The measure of consumer spending fell 0.2% after a 1.2% gain in January, signaling tepid economic growth for the first quarter.
U.S. Current Account Deficit Grows to $134.4B
The 6.1% increase in the fourth-quarter took the deficit to the highest level in 10 years and topped analysts' forecasts of a $130.0 billion shortfall.
Key Investment Measure Gains 0.8% in January
Core capital goods orders rebounded from a sharp drop in December, suggesting the slowdown in business investment may be shallow.
Consumer Spending Drops 0.5% in December
The biggest drop in spending since 2009 confirmed expectations that the economy will slow down further in the first three months of 2019.
U.S. Economic Growth Slows to 2.6% in Q4
“I think this is a slowing. I don’t think this is ‘we’re falling into an abyss," one economist says.
Key Investment Measure Drops 0.7% in December
"It appears the bloom is off the economic expansion rose. The data doesn’t paint a picture of strong growth going forward.”