Author: Roberto Capocelli

Key things to watch in the Personal Income and Outlays report

At 8:30 on Friday, the U.S. Department of Commerce will release its monthly report on Personal Income and Outlays for March. Economists polled by Bloomberg predict a modest rise for the Personal Income, with a median estimate of 0.3% gain. The median estimate on the consumptions is at a weak […]

The changing nature of the American apparel industry

The changing nature of the American apparel industry

Sitting in her office at the 17th floor of a midtown building in the garment district of New York City, Karen Sadaka speaks with a hint of sadness in her eyes. “This factory is here since 1949 and has never changed. If you take a picture of the workshop and […]

Income and consumption in January confirm strength of U.S. economy

Income and consumption in January confirm strength of U.S. economy

Personal income and spending both rose by 0.5% in January, the U.S. Department of Commerce reported Friday. The figures indicate the American economy is improving as household income increases and consumers show regained confidence by buying more.   Friday’s figures show a sharp improvement over December, when spending rose by […]