The US manufacturing sector expanded for the thirtieth consecutive month in January 2012, and the pace of growth accelerated as indicated by the ISM manufacturing index rising to 54.1 from 53.1 in December 2011 (initially reported as 53.9). This leaves the index at its highest level in seven months. The Read More US Growth in [...]
Personal consumer expenditure (PCE) rose 0.1% in November, below market expectations for a 0.3% gain, following unrevised increases of 0.1% and 0.7% in October and September, respectively. Spending on durable goods rose 0.8%, reflecting the previously reported 2.9% rise in unit auto sales in the month, while spending on services Read More US Personal Spending [...]
In today’s GDP release we saw personal consumption revised down to a 1.2% annualized rate from the second revision’s 1.7% estimate. It shows that consumer spending the primary driver in the US economy was a bit weaker then originally thought. Still it’s an improvement from the 0.5% increase Read More Preview US Personal Spending danamp [...]
This week will give us some insight into the US economy, including total spending in August, two measures of consumer confidence for the month of September, the final version of 2nd Quarter GDP, a leading look at manufacturing via the durable goods orders report, as well as housing. The key will Read More This Week [...]
At the last count British companies had ?688bn sitting in their bank accounts. Read More Our woes stem from a lack of spending not a shortage of money
The U.K. government has embarked on a mission to reduce its deficit, balance its budget and retain its sterling (credit) reputation. All of them are worthy and noble endeavors, to be certain, and the government has been adamant that it will stay 37 Vote(s) Read More UK to Return to Spending
Construction spending for July declined more than forecast, immediately sending the U.S. Dollar lower against its major counterparts. Read More US Dollar Weakens After Disappointing Construction Spending Release
UK Chancellor of the Exchequer George Osborne rejected demands of the opposition to reconsider the spending cuts that are biggest since World War II. The Great Britain pound reacted positively to the news.(…)Read the rest of Osborne Refuses Review Spending Cuts, Boosting Pound (129 words) Posted on Forex News. Read More Osborne Refuses Review Spending Cuts, Boosting Pound
While June’s personal income and consumption numbers are old news, in many ways they also provide some keen insights into the current quarter. The most significant takeaway comes from the consumption data, which were even weaker than expected. Nominal spending fell 0.2 percent in June, marking the first decline in Read More Falling Gasoline Prices [...]
FXstreet.com (Barcelona) – US construction Spending dropped to -0.6%in May, following a decline of… For more information, read our latest forex news. Read More US Construction Spending registers further decline in May
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