Retail Sales Rebound in August With 0.7% Gain
Consumers delivered an unexpected increase in sales despite the delta variant and supply-chain bottlenecks that have hurt auto production.
China Retail Sales Increase Only 8.5% in July
The Chinese economy's recovery from the pandemic is "losing steam as businesses grapple with higher costs and supply bottlenecks."
U.S. Economy Surges Back to Pre-Virus Levels
GDP rose at an annual rate of 6.5% in Q2 but shortages of workers and supplies of crucial products could slow growth for the rest of the year.
Retail Sales Rebound in June With 0.6% Gain
“Inflation is a challenge for businesses right now, but sales growth is very good and consumer demand is very good."
U.S. Economy Shakes off Virus, Surges 6.4%
“We’re at the opening stages of what could be a very strong six to nine months for the U.S. economy as it emerges from the pandemic."
Consumer Spending Rebounds With 2.4% Gain
“Government checks did their work, as both income and spending increased dramatically in January."
U.S. Household Debt Hits Record $1.4 Trillion
Americans beefed up their mortgage balances to a new high, taking advantage of near-zero interest rates.
U.S. Economic Growth Slows to 4% in Q4
After the worst year for the economy since at least the end of World War II, economists are still hopeful of a faster recovery in the second half of 2021.
Japan’s Economy Surges 22.9% in Third Quarter
Some economists fear Japan's recovery from the coronavirus pandemic is threatened by rising infections, with a contraction possible early next year.
U.S. Consumer Spending Growth Slows to 0.5%
Amid the surge in coronavirus infections, “We are increasingly worried that the monthly gains in consumption will be weaker."
U.S. GDP Surges by Record 33.1% in Q3
Economists are sticking to estimates of only 4% growth in the fourth quarter and a prolonged recovery from the coronavirus recession.