Manufacturers on pace for most bullish year ever amid lower taxes and deregulation
A combination of lower corporate taxes and slashing of regulations by the Trump administration has manufacturers on pace for their most optimistic year on record, according to the latest National Association of Manufacturers survey.
US weekly jobless claims drop to a near 49-year low
The jobless claims data pointed to sustained labor market strength, which should continue to underpin economic growth.
Factory orders post largest gain in 11 months
New orders for U.S.-made goods recorded their biggest increase in nearly a year in August, boosted by a surge in demand for aircraft, but signs of weakness in business spending on equipment suggested that the manufacturing sector could be slowing.
North American orders for semi-trucks surge in September
North American orders for Class 8 semi-trucks jumped 92 percent in September as trucking companies continued to struggle with tight capacity in a booming U.S. freight market, FTR, a company that tracks the industry, said on Wednesday.
Services sector grows at fastest pace ever in September
The U.S. services sector expanded last month at its fastest pace on record, according to data released Wednesday by the Institute for Supply Management.
‘Rip-roaring hot’ jobs market sees private payrolls surge by 230,000, highest since February
Job growth surged in September to its highest level in seven months as the economy put up another show of strength, according to a report Wednesday from ADP and Moody’s Analytics.
US consumer spending increased steadily in August
U.S. consumer spending increased steadily in August, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month.
Final reading on Q2 GDP confirms 4.2% gain, the fastest rise in nearly four years
The final reading on second-quarter gross domestic product was expected to show a rise of 4.2 percent, up from the 2.2 percent increase in the previous quarter.
Consumer confidence hits 138.4 in September, vs. 132 estimate
Consumer confidence hits 138.4 in September, vs. 132 estimate
Consumer confidence rises to highest level in 18 years
Consumer confidence rose in September, notching its highest level in about 18 years.