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Tag Archives: consumer confidence

Factory orders increased 0.7 percent in May

WASHINGTON — Companies placed more orders with U.S. factories in May from April, demanding more computers, machinery and other equipment that signal investment plans. The increase is a welcome sign after two months of declining factory orders. Still, factory orders ...

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Manufacturing shrinks for first time in 3 years

WASHINGTON — U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening. Production declined, and the number of new orders plunged, according to a monthly report released Monday by ...

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Pending home sales at highest level in 2 years

WASHINGTON — Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will continue. The National Association ...

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Consumer confidence slipped in June

NEW YORK — Americans can’t seem to shake their uneasy feeling about the economy. Consumer confidence fell in June for the fourth straight month as worries about the economy outweighed relief at the gas pump, according to a private research ...

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Retail sales dropped 0.2 percent in May

WASHINGTON — Americans barely increased their spending at retail businesses in April and May, constrained by weak job creation and paltry wage increases. A sharp drop in gas prices pulled down overall sales in both months by 0.2 percent, the ...

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Hiring slows sharply as economy looks weaker

WASHINGTON — The U.S. economy suddenly looks a lot weaker. U.S. employers created only 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs data will fan fears that the economy is ...

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Shoppers cautiously pushed up spending in May

NEW YORK — Americans are spending, but they may not be for long. Some major retailers such as Target and Macy’s on Thursday posted May sales increases that beat Wall Street estimates as shoppers were lured in by Mother’s Day ...

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Filings for unemployment aid at a 5-week high

WASHINGTON — The number of Americans seeking unemployment benefits rose last week to a five-week high, evidence that the job market remains sluggish. The Labor Department said Thursday that weekly applications for unemployment aid rose 10,000 to a seasonally adjusted ...

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Consumer confidence in the economy plunged in May

NEW YORK — Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady optimism. Worries about jobs, housing and the ...

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Americans spending a bit more as gas prices fall

WASHINGTON (AP) — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead. Consumer prices were flat in April, largely because of a decline in gas prices. Lower ...

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