Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: commerce department

Consumer spending highest in five months

WASHINGTON— Consumer spending grew in July by 0.8 percent, the largest amount in five months. That followed a decline in June and helped ease fears that the U.S. economy is on the verge of another recession. Americans bought more cars ...

Read More »

Economy grew at slower 1 pct. rate this spring

WASHINGTON — The U.S. economy grew at a meager 1 percent annual pace this spring, a slower rate than previously estimated. The downward revision will likely increase fears that the economy is at risk of another recession. Fewer exports and ...

Read More »

New-home sales fall, 2011 could be worst year yet

WASHINGTON — The number of Americans who bought new homes fell for the third straight month in July, putting sales on track to finish this year as the worst on records dating back half a century. Sales of new homes ...

Read More »

$103M to expand broadband Internet in rural U.S.

RICHMOND, Va. — Telecommunications companies in 16 states will share more than $103 million in federal funding to help expand broadband Internet access to those areas of rural America that haven’t been reached by the high-speed service or are underserved, ...

Read More »

July home building slips after early-summer bump

WASHINGTON — U.S. builders broke ground on fewer single-family houses in July, leaving home construction at depressed levels. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from ...

Read More »

Factory output in July rose by most since March

WASHINGTON — U.S. automakers rebounded in July to boost factory production by the most since the Japan crisis. But builders broke ground on fewer single-family houses, leaving home construction at depressed levels. The mixed data suggest the economy remains fragile ...

Read More »

Wholesale inventories rose in June for 18th month

WASHINGTON — U.S. wholesale companies added more autos, machinery and computers to their stockpiles in June, pushing inventories up for the 18th consecutive month. Sales at the wholesale level rose 0.6 percent in June, the Commerce department said Wednesday. That ...

Read More »

Factory orders dropped 0.8 percent in June

WASHINGTON — U.S. businesses cut back on orders for airplanes, autos and heavy machinery in June, lowering demand for factory goods for the second time in three months. The Commerce Department says orders to U.S. factories fell 0.8 percent in ...

Read More »