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Tag Archives: commerce department

Factory orders up 1.1 percent in December

WASHINGTON — Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery. The results cap off another strong year for U.S. manufacturing. Combined with strong figures released Thursday on ...

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Builders step up spending for fifth straight month

WASHINGTON — Builders increased their spending in December for the fifth consecutive month, ending a weak construction year on a hopeful note. Spending on construction projects rose 1.5 percent in December after a revised 0.4 percent gain in November, the ...

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Economy grew modest 2.8 pct. in Q4, best in 2011

WASHINGTON — The U.S. economy grew at a 2.8 percent annual rate in the final three months of last year, the fastest growth in 2011. Americans spent more on cars and trucks, and companies restocked their shelves at the strongest ...

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New-home purchases fall, 2011 worst ever for sales

WASHINGTON — Fewer people bought new homes in December. The decline made 2011 the worst year for new -homes sales on records dating back nearly half a century. The Commerce Department said Thursday new-home sales fell 2.2 percent last month ...

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A poor year for home building ends on hopeful note

WASHINGTON  — Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end of the year lifted hopes for an eventual recovery. In December, builders ...

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Obama seeks power to merge economic departments

WASHINGTON — Seeking more power to shrink the government, President Barack Obama on Friday suggested smashing six economic agencies into one, an election-year idea intended to halt bureaucratic nightmares and force Republicans to back him on one of their own ...

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Retail sales inched up in December, ending record year

WASHINGTON — Retail sales barely rose in December, but the gain was enough to lift sales to a record level for 2011. It marked the largest annual increase in more than a decade. Sales inched up 0.1 percent in December ...

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New-home sales up in November but 2011 figures dismal

WASHINGTON — Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted annual ...

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