US economy contracts in worst performance since 1946 The US economy contracted at its sharpest pace since World War Two in 2020 as Covid-19 ravaged services businesses like restaurants and airlines, throwing millions of Americans out of work and into poverty. Business • 28 Jan 21
US economy contracts in worst performance since 1946 The US economy contracted at its sharpest pace since World War Two in 2020 as Covid-19 ravaged services businesses like restaurants and airlines, throwing millions of Americans out of work and into poverty. Business • 28 Jan 21
US trade deficit takes biggest tumble in eight months The US trade deficit saw its biggest fall in eight months in September as imports of cars, mobile phones and other electronics retreated after the pre-tariff surge in August. Business • 05 Nov 19
US trade deficit takes biggest tumble in eight months The US trade deficit saw its biggest fall in eight months in September as imports of cars, mobile phones and other electronics retreated after the pre-tariff surge in August. Business • 05 Nov 19
US consumers hit the brakes in September US consumers tightened their purse strings unexpectedly last month, breaking a seven-month winning streak, government data showed today. Business • 16 Oct 19
US consumers hit the brakes in September US consumers tightened their purse strings unexpectedly last month, breaking a seven-month winning streak, government data showed today. Business • 16 Oct 19
Pace of US home construction hits 11-year high A surge of construction in the Midwestern US last month brought US homebuilding to its fastest pace since before the financial crisis, according to government data released today. Business • 19 Jun 18
Pace of US home construction hits 11-year high A surge of construction in the Midwestern US last month brought US homebuilding to its fastest pace since before the financial crisis, according to government data released today. Business • 19 Jun 18
US fourth quarter growth revised down slightly The US - the world's largest economy - grew more slowly at the end of 2017 than first reported, with lower sales of durable goods and consumer items, official data showed today. Business • 28 Feb 18
US fourth quarter growth revised down slightly The US - the world's largest economy - grew more slowly at the end of 2017 than first reported, with lower sales of durable goods and consumer items, official data showed today. Business • 28 Feb 18
US consumer spending rises modestly US consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal Reserve to raise interest rates by the end of the year. Business • 30 Jun 17
US consumer spending rises modestly US consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal Reserve to raise interest rates by the end of the year. Business • 30 Jun 17
US retail sales rose by 0.6% during July US retail sales rebounded in July with strong gains in auto purchasing and solid increases in most other categories, according to data from the country’s Commerce Department. Business • 13 Aug 15
US retail sales rose by 0.6% during July US retail sales rebounded in July with strong gains in auto purchasing and solid increases in most other categories, according to data from the country’s Commerce Department. Business • 13 Aug 15
US economic growth slows to 0.2% in first quarter The US economy stalled in the first quarter this year, expanding at an annual pace of just 0.2%, the country’s Commerce Department has said. Business • 29 Apr 15
US economic growth slows to 0.2% in first quarter The US economy stalled in the first quarter this year, expanding at an annual pace of just 0.2%, the country’s Commerce Department has said. Business • 29 Apr 15
US consumer spending rose 0.5% in August American consumers spent more in August, a positive sign for the US economy which appears to have shifted into a higher gear. Business • 29 Sep 14
US consumer spending rose 0.5% in August American consumers spent more in August, a positive sign for the US economy which appears to have shifted into a higher gear. Business • 29 Sep 14
US raises growth estimate following strong Q2 The US Commerce Department has raised its estimate for economic growth to 4.2%, confirming the solid rebound from the first quarter's steep contraction. Business • 28 Aug 14
US raises growth estimate following strong Q2 The US Commerce Department has raised its estimate for economic growth to 4.2%, confirming the solid rebound from the first quarter's steep contraction. Business • 28 Aug 14
US GDP rebounds with 4% growth in second quarter The US economy rebounded in the second quarter, growing at a peppy 4% pace after the first quarter's sharp contraction, the country’s Commerce Department has said. Business • 30 Jul 14
US GDP rebounds with 4% growth in second quarter The US economy rebounded in the second quarter, growing at a peppy 4% pace after the first quarter's sharp contraction, the country’s Commerce Department has said. Business • 30 Jul 14
US retail sales rose less than expected in May US retail sales rose less than expected in May, but that probably will do little to change expectations of an acceleration in growth this quarter as data for the prior months was revised higher. Business • 12 Jun 14
US retail sales rose less than expected in May US retail sales rose less than expected in May, but that probably will do little to change expectations of an acceleration in growth this quarter as data for the prior months was revised higher. Business • 12 Jun 14
US retail sales see slight rise in April US retail sales barely rose in April and a gauge of consumer spending slipped, which could temper hopes of a sharp acceleration in economic growth in the second quarter. Business • 13 May 14
US retail sales see slight rise in April US retail sales barely rose in April and a gauge of consumer spending slipped, which could temper hopes of a sharp acceleration in economic growth in the second quarter. Business • 13 May 14
US retail sales see biggest fall in nine months US retail sales saw their biggest fall in nine months in March, as higher taxes and weak hiring have made American consumers more cautious about spending. Business • 12 Apr 13
US retail sales see biggest fall in nine months US retail sales saw their biggest fall in nine months in March, as higher taxes and weak hiring have made American consumers more cautious about spending. Business • 12 Apr 13
