FRIDAY, April 13, 2012 - Export growth has slowed amid a cooling global economy. The U.S. exported $181.2 billion worth of goods and services in February, not adjusting for inflation, about flat with January and below the pace of the previous two months. Exports, a driver of the economic recovery, are affected by a downturn in Europe and slower growth in developing economies like China.
WEDNESDAY, May 16, 2012 - Consumers spent cautiously in April. Retail sales barely grew from the previous month and slowed to a year-over-year increase of 6.4%. Consumers cut spending on building materials, clothing and gardening supplies, while paying more for food and online purchases. April sales were hurt by stagnant wage growth along with a warm winter and an early Easter, which may have pulled purchases forward in the year.
MONDAY, April 30, 2012 - Government’s contribution to gross domestic product is slipping. Government consumption expenditures and investment fell by $51.7 billion to an annualized $2.462 trillion, the fifth consecutive quarter of year-on-year declines. A fall in government spending, which was driven by defense cuts, was a big reason for the slower pace of gross domestic product growth in the first quarter.
FRIDAY, March 23, 2012 - Manufacturers around the globe continue to expand output, but more slowly. J.P Morgan Chase & Co. estimates that its index of global manufacturing fell to 51.9 in March, from 52.5 last month, based on preliminary data. A reading above 50 indicates expansion. But this gauge remains below the 59.8 peak hit two years ago when the global recovery was stronger.