Economy

Economy
GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending
July 25, 2024

The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace of growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
US Business Activity Reaches Highest Level in 27 Months
July 24, 2024

U.S. business activity rose to its highest level in 27 months in July, S&P Global said Wednesday (July 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Economy
Pressures on Lower-Income Consumers Signal Pain for Beauty and Apparel Merchants
July 22, 2024

T.S. Eliot wrote that the world would end not with a bang but a whimper. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Auto Plant Closures, Hurricane Drive Increase in Initial Unemployment Claims
July 18, 2024

The number of initial claims for unemployment insurance increased by 20,000 during the week ended Saturday (July 13), driven by temporary closures of automobile plants and the effects of Hurricane Beryl. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Corporate Bankruptcies Surge as Consumers Cut Back
July 14, 2024

U.S. corporate bankruptcies are at a level not seen since the early days of COVID. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Economy
Wholesale Prices Rose 0.2% in June, Exceeding Economists’ Expectations
July 12, 2024

The Producer Price Index (PPI), which measures wholesale prices, rose in June after seeing no change in May. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Economy
Report: Digital Job Growth in UK Hits Lowest Level in Decade
July 11, 2024

Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Economy
Inflation Cools Overall, but Food Is More Expensive
July 11, 2024

The Consumer Price Index released Thursday (July 11) showed that, at least overall, the pace of inflation cooled in June. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Small Business Optimism Creeps up but Inflation Concerns Persist
July 09, 2024

Optimism among small business owners is climbing, though it’s hard to call them “optimistic.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...