The U.S. Census Bureau revised its wholesale inventories estimate for January downward Wednesday (March 6). Total inventories dipped 0.3% in January compared with December 2023, rather than the drop of 0.1% the agency reported earlier in an advanced estimate, the Census Bureau said in a Wednesday press release....
The latest readings of gross domestic product (GDP) have been revised down — at least a bit. And though the fourth-quarter GDP still logged some growth, the pace of increase has decelerated from a formerly torrid pace, which trains a spotlight on the prime mover...
America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. That’s according to figures released Thursday (Jan. 25) by the Commerce Department, which also showed the economy growing at 3.3% during the fourth quarter of the year. The findings show an increase in consumer...
The latest report from the Bureau of Economic Analysis, released on Wednesday (Nov. 29), noted the U.S. economy grew 5.2% annualized, as measured in the third quarter. That’s up from 4.9% previously estimated last month. Inflation is slowing, per the data: The quarterly metric that...
April 25, 2024
And now it seems the slowdown is here. Markets slumped by more than 1% Thursday morning (April 25) on the latest reading on gross domestic product (GDP) growth, courtesy of the Bureau of Economic Analysis — which we note is an advance estimate of first-quarter results. Per the latest release, the economy grew at an […]
November 29, 2023
The latest report from the Bureau of Economic Analysis, released on Wednesday (Nov. 29), noted the U.S. economy grew 5.2% annualized, as measured in the third quarter. That’s up from...
November 15, 2022
The small- to medium-sized businesses (SMBs) on Main Street, USA, were some of the hardest hit in March 2020, and pandemic recovery, though swift, has stagnated. These SMBs’ index scores...
April 21, 2022
With 130,000 permanent closures in 2020, small- to mid-sized businesses (SMBs) suffered economic impacts early on in the pandemic. Today, the SMBs that typically drive economic growth in small towns...
March 06, 2024
The U.S. Census Bureau revised its wholesale inventories estimate for January downward Wednesday (March 6). Total inventories dipped 0.3% in January compared with December 2023, rather than the drop of 0.1% the agency reported earlier in an advanced estimate, the Census Bureau said in a Wednesday press release. This was a bigger drop than some had expected, Reuters reported […]
January 25, 2024
America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. That’s according to figures released Thursday (Jan. 25) by the Commerce Department, which also showed the economy growing...
October 26, 2023
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 a seasonally- and inflation-adjusted 4.9%...
August 03, 2023
Could the impact of artificial intelligence (AI) on the economy eclipse that of electricity? It’s possible, according to a recent report by Goldman Sachs Economics Research that examines how AI could affect...
