Reports Show Signs of Continued Weakness in the Economy
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Reports on factory orders and the labor market portrayed an economy that is skirting recession as attention shifts to government figures on employment to be released Friday.
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WASHINGTON -- A string of government reports yesterday offered a mixed picture of the US economy.
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GDP data weaker than expected but stocks continue record-breaking rally.
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The U.S. economy may be in recession,   based on Midwest manufacturing data, a report said on Thursday.
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Sales of new homes were unexpectedly weak last month, although they climbed off an 11-year low, and orders for long-lasting goods fell, according to data on Thursday that underscored the economy's weakness.
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New orders for U.S.-made durable   goods fell unexpectedly in August and mortgage applications   declined last week in spite of dropping interest rates, reports   pointing to economic weakness showed on Wednesday.
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NEW YORK - Offering more evidence that the nation's economic recovery is losing steam, a closely watched gauge of future business activity fell in July for the second consecutive month.    The Conference Board said Thursday that its Composite Index of Leading Economic Indicators dropped by 0.3 percent in July to 116.0, following a revised decline of 0.1 percent in June...
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The latest economic data point to an acceleration in the US economy after the weakest growth in over four years, but some analysts say a full recovery is not yet in sight.
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A string of disappointing economic reports released Tuesday heightened concerns that Japan's recovery may be fading fast.
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The eurozone economy got slapped with a wave of bad news that highlighted a third-quarter slowdown, a decline in industrial activity and a stagnant job market.
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A key gauge of future economic  activity weakened for a third straight month in August as  costlier oil spread worry among consumers and businesses, a  report from a business research group showed on Thursday .
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Factory orders suffered their steepest drop in six years last month and an index of pending homes sales fell, according to data on Tuesday highlighting weak spots in the economy and risks to output.
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The U.S. economy may be in recession,  based on Midwest manufacturing data, a report said on Thursday.
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Reports on factory orders and the labor market  portrayed an economy that is skirting recession as attention shifts to government figures on employment to be released Friday.
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The economy turned in a much weaker performance in the final quarter of 2006 than initially thought, and new-home sales tumbled in January by the most in 13 years, suggesting more business lethargy ahead.
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While the economic weakness has been concentrated in the financial services, home building and related sectors, investors are growing fearful that it is spreading.
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In a sign of persistent weakness in the US economy, a widely watched measure of business activity declined in August for the third consecutive month.