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Retail sales in Russia plunged in July and sales of new cars in particular were down even more.
Investors and economists have been looking for the consumer to drive the economy, particularly as about 70% of gross domestic product comes from the consumer spending component.
The reading for wholesale trade in June came out with some mixed fanfare on Tuesday. It will play into GDP revisions for the second quarter.
Nonfarm productivity managed to post a small gain in the second quarter of 2015. While that gain was smaller than expected, there may be some relief here that productivity went back up.
The U.S. trade balance, what the rest of us have grown used to calling the trade deficit, widened out to -$43.8 billion in June.
The report on factory orders in the month of June came in with a gain that was ahead of the consensus estimates from Bloomberg and Dow Jones.
thinkstock.comPuerto Rico defaulted on its $58 million debt repayment this week for the first time in its history. With its failure to repay creditors, the commonwealth joins the ranks of countries...
The final figures for China's manufacturing in July, supplied by Caixin, showed a number posted at a 15-month low.
ThinkstockInvestors, economists, and business owners just got to see their first view of Gross Domestic Product (GDP) for the second quarter of 2015. The US economy grew by 2.3% in the second...
ThinkstockGross Domestic Product (GDP) will be released on Thursday morning. Bloomberg has the consensus economist estimate as a gain of 2.9% for the second quarter, with a range from economists of...
The Conference Board has released its Leading Economic Index for the month of June.
The Federal Reserve Bank of Chicago releases an national activity index each month, and it is indicating that economic growth managed to increase slightly in the month of June.
Among the many observations from the July NABE Business Survey is that GDP growth in the second quarter may have been as low as 2.1%.
The Empire State Manufacturing Survey, the manufacturing report from the Federal Reserve of New York, came out with a six-point gain for the month of July.
The notion that the U.S. economy can entirely break from the effects of the recession has disappeared, at least according to the White House.