Business Outlook And Facts

Spending on big-ticket items dropped sharply in JulyU.S. bought fewer washing machines and other durable goods in July as new orders fell 7.3%

Factory Jobs Still Pay Better
U.S. manufacturing still deserves its reputation for creating relatively “good jobs.”

Up 0.3% in May
Personal spending rose in May, signaling modest strength in the economic recovery.

Up 8.5%
The U.S. trade deficit widened in April, as demand for imports outpaced growth in U.S. exports.

Up 2.4%
Economy grew at a modest annual rate Q1; helped by consumer, hurt by state and local gov’t spending

Up 3.3% in April
Durable goods point to2013 second-half U.S. economy rebound

$38.8 billion
The March 2013 international trade deficit decreased 11.0 percent from February 2013

GDP up 2.5%
US economy shows sluggish but steady growth in the face of deepening federal spending cuts.

1.04 million
U.S. March housing starts rise to highest since 2008 as multi-family projects climbed.

Down $1.5 billion in February
Exports climbed near an all-time high and imported crude oil fell to the lowest level in 17 years

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