Economic Growth

October retail sales make gains ahead of holiday shopping

Wednesday, November 16, 2022 · Jeff Berman
The United States Department of Commerce’s U.S. Census Bureau reported that October retail sales—at $694.5 billion—rising 1.3% compared to September and were up 8.3% annually. And for the August through October period, retail sales increased a collective 8.9% annually.…

June manufacturing output falls with growth still intact

Friday, July 1, 2022 · Jeff Berman
The report’s key metric, the PMI, came in at 53.0 (a reading of 50 or higher indicates growth), for a 3.1% decrease compared to May’s 56.1 reading, marking the 25th consecutive month of growth, at a faster rate, as well as the 25th consecutive month of overall economic…
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