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Commerce department News

26 May 2017

US economy grows at tepid 1.2%; business spending softens

The US economy slowed less than initially thought in the first quarter, but there are signs it could struggle to rebound sharply in the second quarter amid slowing business investment and moderate consumer spending.

US retail sales

14 Apr 2017

US retail sales fall for second straight month on weak automobiles

Commerce department

23 Mar 2016

US grants China's ZTE temporary reprieve on export curbs

The US government will give Chinese telecom equipment and smartphone maker ZTE Corp a three-month reprieve on tough export restrictions it imposed earlier this month, the Commerce Department said on Tuesday.

05 May 2015

US trade deficit balloons to six-year high in March

The US trade deficit swelled in March to a six-year high on a surge in imports from the end of the West Coast port strike backed by the strong dollar.

24 Mar 2015

US new-home sales surge in February

Sales of new single-family homes in the United States surged in February to a seven-year high, accelerating for the third consecutive month, the Commerce Department reported Tuesday.

02 Feb 2015

US consumer spending falls in December

US consumer spending fell in December in the midst of the key year-end holiday shopping season, while their incomes continued to grow, Commerce Department data released Monday showed.

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