Incomes rise but Midwest business down
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U.S. incomes grew steadily in October and spending rebounded, the government said on Thursday, but a Midwest business barometer showing a November slump raised doubts about the economy's direction.
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US personal incomes rose 1.5 percent in the second quarter of 2004, the fastest pace of growth in more than three years as income gains sped up in 33 states, the Commerce Department said on Tuesday.
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By Kathleen Gallagher, Milwaukee Journal Sentinel  Sep. 25--American consumers are being hit with a double dose of bad economic news: anemic wage growth and a sluggish housing market.
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U.S. personal incomes rose 1.5  percent in the second quarter of 2004, the fastest pace of  growth in more than three years, as income gains sped up in 33  states, the Commerce Department said on Tuesday.
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The Midwest Consumer Price Index was 183.6 in September, up from 179.5 in September 2003, the Bureau of Labor Statistics said Tuesday.
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The U.S. economy continued its expansion over the past month, with labor market conditions improving and business lending on the rise, the Federal Reserve said on Wednesday.
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The Federal Reserve's favored gauge of   U.S. inflation rose less than expected in July, while a measure   of Midwest business activity showed slower growth in August,   according to reports on Thursday that suggested the U.S.   central bank does not need to raise interest rates soon.
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CHICAGO (CBS.MW) - Business activity expanded in the Chicago region in September at a faster pace than in August, marking the 17th straight month of growth, the Chicago Purchasing Managers Index showed on Thursday.
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Stocks fell on Thursday as an unexpected contraction in Midwest business activity raised concerns about the outlook for corporate profits.
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U.S. new home sales fell a  steeper-than-expected 9 percent in November, but business  activity elsewhere perked up this month, according to reports  on Friday that showed pockets of strength in the economy  despite a housing sector meltdown.
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NEW YORK -- A pair of indicators offered a mixed picture of the economy yesterday as growth slowed among US manufacturers while commercial construction showed surprising resilience.
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U.S. personal incomes rose 1.5  percent in the second quarter of 2004, the fastest pace of  growth in more than three years as income gains sped up in 33  states, the Commerce Department said on Tuesday.
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Growth in the U.S. services sector  accelerated unexpectedly in November and third-quarter labor  costs grew more slowly than forecast, suggesting the economy  may be weathering a manufacturing slowdown with wage-driven  inflation coming under control.
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Business activity in the US Midwest expanded in September at a faster rate than expected, with employment growing in step with a jump in new orders, a report showed Thursday.
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Business activity in the US Midwest expanded in December but at a slower rate than expected, with hiring down after four months of growth, a report showed on Thursday.
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Arizona features a relatively strong economy underscored by rising job growth and commercial lending, although commercial real estate remains a concern and bank profits offer a mixed picture, according to a new report.
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U.S. business productivity grew more  slowly in the third quarter than first thought, climbing at a  revised 1.8 percent annual rate, a government report showed on  Tuesday, while growth in unit labor costs was nudged up to a  1.8 percent pace.