Robert Hughes
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Services-Sector Survey Suggests Strong Growth in July
The Institute for Supply Management’s composite services index rose an all-time high of 64.1 percent in July, gaining 4.0 points…
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Unit Auto Sales Fell in July as Inventories Plunge and Prices Jump
Sales of light vehicles totaled 14.8 million at an annual rate in July, down from a 15.4 million pace in…
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Consumer Spending Drives Economic Recovery in the Second Quarter
Real gross domestic product increased at a 6.5 percent annualized rate in the second quarter, up from a 6.3 percent…
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Consumer Confidence Remained Strong in July
The Consumer Confidence Index from The Conference Board rose slightly in July, up 0.2 points to 129.1, the highest level…
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Durable-Goods Orders Rose in June as Core Capital-Goods Hit a Record High
New orders for durable goods increased in June, gaining 0.8 percent, the 13th rise in the last 14 months. Total…
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New Single-Family Home Sales Fell Again in June
Sales of new single-family homes fell sharply again in June, decreasing 6.6 percent to 676,000 at a seasonally-adjusted annual rate…
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Existing-Home Sales Rise as Prices Hit a Record
Sales of existing homes rose 1.4 percent in June, to a 5.86 million seasonally adjusted annual (see top of first…
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Weekly Initial Claims for Unemployment Benefits May Be Plateauing Again
Initial claims for regular state unemployment insurance totaled 419,000 for the week ending July 17, a rise of 51,000 from…
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