Commerce Department
Commerce Department Articles
Retail sales are often volatile on a monthly reporting basis, and the markets are getting to deal with a fresh round of negative news when it comes to the consumer spending habits of Americans.
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There are some caveats to this GDP report that have helped to boost the numbers, but the report also creates some serious confusion for bulls and bears alike.
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The U.S. Department of Commerce reported that total retail sales posted a seasonally adjusted gain of 0.2%, but that was better than expected.
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The U.S. Department of Commerce reported that the economy grew more than expected in the fourth quarter of 2018.
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Durable goods orders in November rose month over month but fell short of expectations even given a sharp downward adjustment in October's total.
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The U.S. Department of Commerce has issued its first revision to third-quarter gross domestic product on Wednesday morning — with no real revision. The preliminary gain for GDP was maintained flat...
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U.S. GDP grew by 3.5% in the third quarter, according to the Bureau of Economic Analysis' first estimate. Total GDP topped $20.6 trillion, but growth was slower than in the second quarter.
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Friday will be showtime for the first reading on third-quarter gross domestic product, which is the ultimate measurement of the U.S. economy.
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While President Trump is hoping for another healthy gain in GDP, the real issue already may be beyond what happened in the third quarter.
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Wednesday's economic reporting brought the first revision to second-quarter gross domestic product.
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It turns out that all the hype about higher growth actually can come true. GDP for the second quarter saw its largest gain in about four years.
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It appears that consumer spending, which makes up the majority of U.S. GDP, was weaker than had been expected in the first quarter.
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The monthly reports on durable goods can be quite volatile, disappointing in a strong economy or soaring even in a bad economy.
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What should stand out in the latest GDP report is that the U.S. economy is about to hit $20 trillion in GDP, if any of the expected growth comes to pass in 2018.
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With roughly two-thirds of GDP tied to consumer spending, what should the markets make of a big disappointment in retail sales for February?
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