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Personal Spending was Flat in April

The Bureau of Economic Analysis said that personal spending was flat in April, falling back after growing 0.5 percent inRead the Rest...

Personal Income increased 0.4% in April, Spending decreased slightly

The BEA released the Personal Income and Outlays report for April: Personal income increased $59.4 billion, or 0.4 percent... in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $2.6...Show More Summary

TOM BLUMER: The Economy Has No Clothes: So they further define down the “new normal.” On Friday…

TOM BLUMER: The Economy Has No Clothes: So they further define down the “new normal.” On Friday, the government’s Bureau of Economic Analysis reported that the nation’s economy contracted at an annual rate of 0.7 percent during this year’s first quarter, a sharp drop from the barely positive 0.2 percent it estimated a month ago. […]

Current economic conditions: not as bad as it sounds

On Friday the Bureau of Economic Analysis released its second estimate of U.S. 2015:Q1 real GDP growth. The BEA now estimates that the economy contracted at a 0.7% annual rate rather than grew 0.2% as originally estimated. The number is discouraging, though I see some silver linings. The primary factors that brought GDP growth down […]

Negative GDP Growth Illustrates the Need for Bonus Depreciation, Part 2

Last year we wrote that negative GDP growth illustrates the need for bonus depreciation. The same is true exactly one year later. This morning the Bureau of Economic Analysis (BEA) revised its first quarter GDP growth number downward. Show More Summary

The U.S. Economy Contracted in the First Quarter for the Second Year in a Row

The Bureau of Economic Analysis said the U.S. economy contracted in the first quarter for the second year in aRead the Rest...

Corporate profits tanked

The US economy shrank in during the first three months of 2015. According a new report from the Bureau of Economic Analysis, Q1 GDP fell by 0.7%. That same report revealed that US corporate profits plunged 8.7% during the period. "Corporate...Show More Summary

Greece's current economic nightmare is worse than the US Great Depression

We're about to get some bad news about the US economy a bit later Friday. The Bureau of Economic Analysis will release its second estimate of first-quarter gross domestic product. It's expected to show that the economy contracted 0.8% in the first quarter. Show More Summary

Get ready for some depressing news about the US economy

We're about to get some terrible news about the US economy. Sort of. On Friday morning at 8:30 a.m. ET, the Bureau of Economic Analysis will release its second estimate of first quarter GDP, which is expected to show the economy contracted...Show More Summary

3 Things: If You Don't Like It Change It

Submitted by Lance Roberts via STA Wealth Management, GDP - The Problem Yesterday, it was announced that the Bureau of Economic Analysis would once again change the methods by which the economic growth of the country (GDP) would be measured. Show More Summary

Tuesday: Housing Starts

From the SF Fed: The Puzzle of Weak First-Quarter GDP GrowthIn late April, the Bureau of Economic Analysis (BEA) released its initial estimate of U.S. economic growth for the first three months of 2015. The report was very disappointing,...Show More Summary

Trade Deficit increased in March to $51.4 Billion

The Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $51.4 billion in March, up $15.5 billion from $35.9 billion in February, revised. Show More Summary

Earlier from the BEA: Personal Income increased slightly in March, Core PCE prices up 1.3% year-over-year

Earlier the BEA released the Personal Income and Outlays report for March: Personal income increased $6.2 billion, or less than 0.1 percent... in March, according to the Bureau of Economic Analysis. Personal consumption expendituresShow More Summary

Personal Spending Picked Up a Little in March, but Income Growth was Flat

The Bureau of Economic Analysis said that personal spending rose 0.4 percent in March. As such, consumer spending accelerated fromRead the Rest...

Afternoon Coffee: Weak US GDP Growth in Q1, iPhone Shipments Boost Apple’s Stance in Smartphone Market

Categories: Afternoon Coffee Tags: General News US GDP increased during the first quarter of the year, though only by a mere 0.2%, according to the latest report from the Bureau of Economic Analysis. And, shipments of Apple's iPhone ramped up 16.7% in the first quarter of 2015. Afternoon Coffee brings you the latest in procurement and supply chain news. (Read more...)

Economy stalls in the first quarter

The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 0.2% annual rate in the first quarter. And that was even after a big inventory build-up from goods produced but not sold. Taking out the inventory contribution, real final sales fell by half a percent at an annual rate. The biggest […]

Economic Growth Slows, Networks’ Morning Shows Ignore

Economic growth has stagnated so far this year, catching the broadcast news networks inexplicably off guard yet again. The federal government’s Bureau of Economic Analysis (BEA) announced April 29 that gross domestic product (GDP) expansion slowed to only 0.2 percent in the first quarter of 2015. Show More Summary

Is Globalization Finished?

World trade volumes fell in the early months of 2015, once again disappointing the expectations of economists. Figures released by the Netherlands Bureau for Economic Policy Analysis show trade volumes fell 0.9% in February, having fallen 1.6% in January. The WTO has already lowered its forecasts for trade growth this year, to 2.8% from the 5.3% it projected in April 2014.

Wednesday is a huge day for the US economy

Don't sleep in on Wednesday: it's a huge morning for the US economy. At 8:30 am ET, the Bureau of Economic Analysis will release its first reading on first quarter GDP, which is expected to show the economy grew at just a 1% pace inShow More Summary

Trade Deficit decreased in February to $35.4 Billion

The Department of Commerce reported:The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $35.4 billion in February, down $7.2 billion from $42.7 billion in January, revised. Show More Summary

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