Archive for: April, 2012

Auto Industry Thrives Despite Economic Fears

Total vehicle sales are expected to increase for the month of April, as Americans look to replace their aging cars and trucks with newer, more fuel-efficient rides. Along with pent-up demand, increased consumer confidence and decreased unemployment,...

 

The Gap Between Personal Income and Outlays is Expected to Continue in March

It’s all about the jobs market April 29, 2012 By Natalia V. Osipova   American consumers’ appetite continue to outpace salaries and wages. Analysts say they expect to see personal income figures for March rise 0.2 percent and...

 

Overall Durable Goods Expected to Continue Plunging In March

Overall durable goods orders are expected to show a slight decrease in March confirming a slow economic recovery ever since the beginning of the quarter. Economists are predicting Wednesday’s report to headline a 1.7 percent drop in overall...

 

Home Prices Expected to Fall More Slowly in February

Home prices are expected to drop at a slower rate for the second month in a row, a sign of a new, if faint, stabilization in the housing market. Standard & Poor’s Case-Shiller home-price indices for February will be released tomorrow...

 

Existing Home Sales for March Expected to Rise

A surprisingly warm weather, low mortgage rates and an overall positive economic outlook will likely drive the US existing home sales up for March. The existing home sales for February were reported at 4.59 million by the National Association...

 

Excluding Autos, Retail Sales Still Going Strong

A sharp drop in auto sales will likely drag down the overall increase in retail sales, but other sectors are likely to show strong gains. This March is the warmest on record, and this unseasonably pleasant weather boosted sales in most other...

 

As More Shoppers Go Online, Retailers Close Stores, Open Warehouses

Best Buy, a consumer electronics retailer, will close 50 stores this year. Sears, best known for selling appliances, tires and tools, also plans to close 173 stores within the first half of this year. Best Buy and Sears are amongst many brick-and-mortar...

 

Europe’s failing economy: a one-two punch for U.S. exports

The global consequences of weak demand in Europe will likely drive up the U.S. trade deficit for February and in the coming months. In January, the trade deficit hit $56.2 billion, its widest point since 2008, the year before the recession....

 

Job Numbers Up, but Disappointing

The economy seems to be losing momentum as job growth slows dramatically at the end of the first quarter. The addition of 120,000 private sector jobs are only half of the 240,000 jobs added in February, a disappointment after three consecutive...

 

Chrysler and Co. Pump Out Another Strong Month for Autos

Smaller, fuel-efficient cars powered total vehicle sales in March, bolstering the resurgent American economy and accelerating the auto industry. Chrysler sold more than 163,000 vehicles last month, leading the pack with a 34 percent increase...