Other News

Jump in Consumer Goods Could Signal End of Trade Decline

Dramatic boost in consumer goods imports and exports and a higher trade deficit suggest that months of steadily falling international trade amounts are finally at an end. Consumer goods imports increased $3.6 billion in February to $51.5 billion, according the Commerce Department’s monthly international trade report. Exports of consumer goods […]

So what are consumers actually spending their money on?

The news from the nation’s biggest retailers has been bleak as one after another have reported weak sales. Whether it’s Macy’s, which is laying off people to recover from declining sales or Walmart, which reported its first ever annual drop in revenue this week, retail sales have been weak. Personal […]

Broad-Based Decline In Durable Goods Last Month

  Low oil prices and weak global economies play major roles as new orders declined for durable goods last month, which was the third drop in the last four months. The headline figure for the new orders of these long lasting manufactured goods fell 2.8 percent. While this did not […]

Tire Industry Struggles Against Imports Despite Strong Year

Tire manufacturers are riding the auto boom to increase production but they continue to lose market share to imports they cannot compete with.   Last year tire shipments, which represent the amount of tires sent to customers, crossed 310 million units – the highest in a decade. But production increased […]

Housing Starts Rebound in February

New housing construction picked up in February after a January dip, a sign of the resilience of the housing market due to strong economic conditions. Housing starts jumped 5.2 percent in February to a seasonally adjusted rate of 1.2 million, a five-month high. Economists attribute this increase to pent-up demand […]

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 […]