The security of the U.S. government’s data on jobs, consumer spending, crime, education, demographic trends, and other fields is at growing risk, according to a new study by the American Statistical Association.
Tag: Consumer Spending
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SPECULATORS BAIL OUT OF JUNK BONDS AS BUSINESS FAILURES INCREASE
Bond buyers are trading out of the riskiest of junk bonds in favor of higher-rated securities as a rise in U.S. bankruptcies has raised concerns over the survival of highly-leveraged businesses during a prolonged period of high interest rates.
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U.S. MANUFACTURING ACTIVITY SLOWS AGAIN IN JUNE
For the third consecutive month, U.S. factory activity contracted as manufacturers’ cost of materials fell their most in more than a year.
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AMERICANS HAVE SPENT THEIR COVID-ERA SAVINGS. CAN THEY KEEP SPENDING?
Consumer spending makes up almost 70 percent of the American GDP. With their COVID-era savings spent, can American households continue to support the U.S. economy?
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RETAIL SALES FALL FLAT IN MAY
U.S. retail sales increased by a scant 0.1 percent in May as retailers had to offer more discounts to entice cash-strapped consumers to buy, the commerce department reported.
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LOWE’S, MACY’S, TARGET REPORT WEAKER SALES
The 1,900-store Target discount chain reported a 3.7-percent drop in overall sales in its most recent quarter ending in early May, making it the fourth consecutive quarter of shrinking sales for the company.
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PLANTATION WORKERS OF SLAVELANDIA FLAT-LINED IN U.S.
Retail sales showed no change in April from March, after the U.S. Commerce Department revised March’s figure downward by 0.6 of a percentage point.
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AMERICAN CONSUMERS ARE SINGING THE BLUES
U.S. consumers hold their gloomiest outlook in six months on the American economy, according to the University of Michigan’s monthly survey of consumer sentiment.
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BUSINESS BANKRUPTCIES SOAR IN CANADA
In this year’s first quarter, Canada’s business bankruptcies shot up 87.2 percent, year on year, to 1,599, according to data from the government’s Office of the Superintendent of Bankruptcy. Household bankruptcies rose 14 percent.
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U.S. ECONOMY WILL GROW TWICE AS FAST AS OTHER G7 COUNTRIES, IMF SAYS
This year, the U.S. economy will grow more than twice as fast as any other G7 country, the International Monetary Fund (IMF) said in its latest World Economic Outlook report.