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 […]
Author: Roberto Capocelli
“Save more, spend less” pushes American economy at a crawler-gear speed
American consumers cautiously increased their spending in February as personal income raised at a slower pace comparing to previous month, the U.S. Department of Commerce reported Friday. The last release reveals that economic growth remains sluggish as personal income and spending rose moderately by 0.2% and 0.1%. Despite the data […]
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
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 […]