Commerce Department

US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates

US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates
US GDP declined by 31.4 percent in Q2, Slightly Better Than Estimates
September 30, 2020  |  Economy

For the U.S. GDP, a slight improvement of some very bad numbers is an improvement, technically. Get the Full Story Complete the form to unlock...

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March Consumer Spending Sees Sharpest Drop On Record
March Consumer Spending Sees Sharpest Drop On Record
April 30, 2020  |  Economy

Consumer spending in the U.S. plummeted 7.5 percent in March, the steepest drop in 61 years, as the coronavirus pandemic continues to ravage personal income,...

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New GDP Report Likely to Show Country Sinking Into Recession
New GDP Report Likely to Show Country Sinking Into Recession
April 29, 2020  |  Economy

The Commerce Department is expected to issue a report on Wednesday (April 29) with estimates of a minimum decrease of 5 percent in the gross...

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Big Week Ahead For Retail Data
Big Week Ahead For Retail Data
April 13, 2020  |  Retail

Prepare for a big week of retail data, all of it unprecedented in light of the COVID-19 pandemic. Starting with the Commerce Department retail sales...

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Equipment Order Slide Hints At Business Caution, Recession
Equipment Order Slide Hints At Business Caution, Recession
March 25, 2020  |  Economy

Looking at economic indicators – those signposts that show where we are, as a nation, and where we’re headed – February was tough. March and beyond...

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US Retail Spending Dropped 0.5 Pct. In Feb.
US Retail Spending Dropped 0.5 Pct. In Feb.
March 18, 2020  |  Retail

As consumer spending started to decelerate prior to COVID-19 containment measures, U.S. retail sales declined last month in the biggest drop in a year. Commerce...

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Consumer Spending Drives Jan. Retail Sales Boost
Consumer Spending Drives Jan. Retail Sales Boost
February 14, 2020  |  Retail

With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose...

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GDP Data May Hint At Consumer Spending Slowdown
GDP Data May Hint At Consumer Spending Slowdown
January 30, 2020  |  Economy

The U.S. economy is still showing growth, yes, but growth is slowing — and may be slowing enough to stir up some caution. Get the...

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