Tag Archives: US Economy

A report by Goldman Sachs on Monday showed a rise in the bank’s expectations for the growth of the gross domestic product (GDP) in the United States during the second quarter of 2021 to 11% from a previous estimate of 10%. Goldman Sachs now sees additional fiscal measures at $1.5 …

The United States Secretary of the Treasury, Janet Yellen, is discussing with market leaders the recent fluctuations in the stock market due to speculation trading. Yellen is holding a meeting with the heads of the Securities and Exchange Commission (SEC), Federal Reserve Board, Federal Reserve Bank of New York, and …

Factory orders in the United States increased for the eighth consecutive month during December, rising by 1.1%, following a 1.3% rise in November, data by the U.S. Department of Commerce showed on Thursday. Factory shipments grew by 1.7% in December and unfilled orders declined by 0.3%. Orders for durable goods …

The economic activity of the United States services sector expanded during January for the eighth consecutive month, according to the latest Services ISM Report on Business, which was released on Wednesday. The report of the Institute for Supply Management (ISM) Services Business Survey showed that the Services purchasing managers’ index …

The United States services sector’s purchasing managers’ index (PMI) expanded in January, showing that the U.S. economy is recovering from the impact of the Coronavirus pandemic, data by IHS Markit showed on Wednesday. The seasonally adjusted final IHS Markit US Services PMI Business Activity Index rose to 58.3 in January …

The United States private sector output last month witnessed its first broad-based upturn since October 2020, according to data by IHS Markit on Wednesday. The Sector Purchasing Managers’ Index (PMI) showed that all seven categories monitored by the series registered an expansion of business activity during January. Healthcare maintained a …

The United States Secretary of the Treasury, Janet Yellen, said on Tuesday that economic growth estimated by the Congressional Budget Office (CBO) are showing the strong need for passing the coronavirus rescue package proposed by President Joe Biden, Reuters reported. “Last year, the economy shrunk more than any other since …

Construction spending in the United States hit a new record high in December, data showed on Monday. Construction spending rose by 1% to $1.49 trillion, its highest level since the records began in 2002, according to the U.S. Department of Commerce. The November reading was revised upwards to 1.1% from …

Economic activity in the United States manufacturing sector expanded in January, with the overall economy notching an eighth consecutive month of growth, according to the latest Manufacturing ISM Report On Business. The January Manufacturing Purchasing Managers Index (PMI) registered 58.7% last month, down 1.8% points from the seasonally adjusted December reading of 60.5%. After a contraction …

The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers’ Index (PMI) rose in January to a reading of 59.2 up from 57.1 in December, data showed on Monday. The final reading comes in line with the earlier flash estimate of 59.1. The reading signals a substantial improvement in operating …