Commerce Department

Summer Spending Surge Fuels 4.9% Jump in GDP
Summer Spending Surge Fuels 4.9% Jump in GDP
October 26, 2023  |  Economy

Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at...

READ MORE >
US Durable Goods Orders Climb as Consumer Confidence Falls
US Durable Goods Orders Climb as Consumer Confidence Falls
September 27, 2023  |  Economy

U.S. durable goods orders climbed unexpectedly in August, per new government data. The Commerce Department announced Wednesday (Sept. 27) that orders for these long-lasting goods rose 0.2% last...

READ MORE >
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
Consumer Spending May Not Be as Resilient as Retail Sales Data Indicates
September 20, 2023  |  Economy

The Federal Reserve’s staying pat, for now. The announcement on Wednesday (Sept. 20) that the central bank is leaving interest rates unchanged — at a...

READ MORE >
Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
Online Sales Plateau as Consumer Spending Focuses on Gas and Groceries
September 14, 2023  |  Economy

Consumers are in the aisles, spending on groceries, the clothes on their backs — and at brick-and-mortar locales, pivoting a bit from online channels. At...

READ MORE >
Factory Order Data Underscores Need for Robust Inventory Management — and Financing
Factory Order Data Underscores Need for Robust Inventory Management — and Financing
September 05, 2023  |  Economy

The U.S. Commerce Department said Tuesday (Sept. 5) that orders for U.S. manufactured goods were down in July, by 2.1%, a reversal from four straight...

READ MORE >
Retail Sales Top Estimates, but Key Discretionary Spending Declines
Retail Sales Top Estimates, but Key Discretionary Spending Declines
August 15, 2023  |  Economy

Retail sales keep on chugging along. To that end, the data released Tuesday (Aug. 15) by the Commerce Department showed that consumer spending, overall, remained...

READ MORE >
US Personal Income Rises as Consumer Spending Slows
US Personal Income Rises as Consumer Spending Slows
June 30, 2023  |  Consumer Finance

Consumer spending continued to drop in May as U.S. households curtailed spending and boosted their savings. Data from the Bureau of Economic Analysis (BEA) released...

READ MORE >
US Business Inventories Spring Up Slightly in April
US Business Inventories Spring Up Slightly in April
June 15, 2023  |  Economy

America’s business inventories enjoyed a slight rebound in April, according to new Commerce Department data. A report released by the department Thursday (June 15) showed that total...

READ MORE >
Retail Sales Data Shows Consumers Remain Undaunted by Inflation
Retail Sales Data Shows Consumers Remain Undaunted by Inflation
June 15, 2023  |  Economy

The latest retail sales data brings to mind that old 1960s mantra: Keep on truckin’. U.S. individuals and households boosted their spending in May, seemingly...

READ MORE >