Business equipment and capital goods orders fell unexpectedly in December for the fourth straight month. The weight of the recent economic slowdown is heavily hitting American companies.
A combination of rising supply as domestic production picks up and slower growth overseas that’s reducing demand is leading to a rout in oil prices that has continued into 2015.
Consumer confidence climbed last week to a seven-year high as cheaper gasoline and traction in the labor market boosted Americans’ views of the buying climate and economy.
Consumer confidence climbed last week to a seven-year high as cheaper gasoline and traction in the labor market boosted Americans’ views of the buying climate and economy.
Gross domestic product grew at a 5% annual rate from July through September, the biggest advance since the third quarter of 2003 and up from a previously estimated 3.9%.
