The U.S. economy grew at a slightly faster rate in the fourth quarter, but the small change did not alter the growth rate for the entire year, which came in at an anemic 1.6 percent. It was the worst showing in five years.
The index measures both consumers' assessment of current conditions and their expectations for the future. Both improved this month.
Company owners have gotten a confidence boost following the November election. Many have said in surveys they’re hoping for lower taxes and health care costs under President Donald Trump and the Republican-controlled Congress.
U.S. employers added a robust number of jobs in February and raised pay at a healthy pace, making it all but certain that the Federal Reserve will raise short-term interest rates next week.
The productivity of American workers grew at a slower pace in the fourth quarter and last year recorded the smallest annual gain in five years.
Economic growth for 2016 overall was just 1.6 percent, the poorest showing in five years. Since the recession ended in mid-2009, annual growth has averaged 2.1 percent, the worst performance for any recovery in the post-World War II period.
The Labor Department said Wednesday consumer prices rose 0.6 percent last month, the most since February 2013 and twice what economists were expecting.
Americans spent more than normally expected last month at clothiers, department stores, electronics outlets and sporting goods retailers.
U.S. employers added a healthy 227,000 jobs last month and more Americans began looking for work—developments that President Donald Trump interpreted as confidence in his administration.
The gross domestic product grew at an annual rate of just 1.9 percent in the October-December period, a slowdown from 3.5 percent growth in the third quarter, the Commerce Department reported Friday.
The 189-nation global lending agency's latest economic outlook took note of the significant impact Trump's election has already had in giving a boost to U.S. stock prices, interest rates and the dollar.
Though the unemployment rate rose to 4.7 percent from a nine-year low of 4.6 percent, it did so for an encouraging reason: More people began looking for work.
American households are expecting a Donald Trump administration to deliver. They are more upbeat about the prospects for the economy, labor market and their incomes, the Conference Board said.
American manufacturing is barely expanding as global demand and domestic business investment remain uninspiring.
The median estimate from economists surveyed by the National Association for Business Economics calls for the American economy to grow 2.2 percent in 2017.
Investment strategist Jeff Korzenik said executives often have an incentive to buy back stock rather than using that cash to make capital expenditures.
Indiana University Kelley School of Business economists expect economic growth nationally next year to average only slightly above 2 percent. But that might be optimistic, they added.
Small and midsize business owners in Indiana expect the state’s economy will continue to grow at a slow and steady pace, even though they are dissatisfied with the economic plans of both presidential candidates, according to newly released data.
U.S. employers added 156,000 jobs in September, a decent gain that reflects a steady economy but also a sign that hiring has slowed significantly from last year.
Over the past 12 months, core inflation is up 2.3 percent but overall inflation has risen a more moderate 1.1 percent, well below the Federal Reserve's 2 percent target for annual increases in inflation.
