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Commerce Department

Consumers spent more in January, but also saved more. What gives?

by Justin Ho
Feb 24, 2023
A boost in disposable income fueled spending and saving. Data signals a healthy outlook, but lower-income people are draining reserves.
ArLawKa AungTun/Getty Images
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Here's why the U.S. revises GDP estimates — over and over

by Lily Jamali
Feb 23, 2023
The Bureau of Economic Analysis revised GDP down to 2.7% from the fourth quarter of last year.
The Bureau of Economic Analysis revised down its GDP estimate for the fourth quarter of last year from 2.9% to 2.7%.
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What durable goods tell us about the economy

by Nancy Marshall-Genzer
Jul 27, 2021
Orders for long-lasting items rose 0.8% in June. The data could reflect trends in inflation, automation and the economic recovery.
Spending on durable goods, like washing machines, provides a peek into overall consumer confidence.
Justin Sullivan via Getty Images
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Lagging care economy "makes us uncompetitive," Commerce Secretary Gina Raimondo says

by Kai Ryssdal and Andie Corban
Jul 15, 2021
Raimondo discusses the infrastructure packages moving through Congress and the semiconductor chip shortage.
"If we're able to land the plane on these packages, it'll be a great day in America," says Commerce Secretary Gina Raimondo about the Biden administration's infrastructure plan.
Paul Morigi/Getty Images for Fortune/Time Inc.
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Trump administration bans WeChat, TikTok from U.S. app stores starting Sunday

by Nova Safo
Sep 18, 2020
The Commerce Department says, starting Sunday, neither app can be downloaded or updated in the U.S.
Drew Angerer/Getty Images
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COVID-19

Consumer spending rises — for now

by Justin Ho
Jun 26, 2020
An 8% uptick in May follows a 20% drop over March and April. That's the good news. There are plenty of potential economic blows on the horizon.
Consumer spending in the United States shot up a record 8.2% in May, but it doesn't mean recovery is on the way.
Spencer Platt/Getty Images
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Retail sales falter in September

by Mitchell Hartman
Oct 16, 2019
Will consumers stop propping up aging economic recovery?
Retail sales fell in September, surprising experts. But it doesn't mean the economy is trending down.
Andreas Rentz/Getty Images
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Durable goods slump in April

by Eve Epstein
May 24, 2019
Orders for autos, metals and business machinery were all down.
A customer shops for washers and dryers at Lowe's in Burbank, Calif.
Kevork Djansezian/Getty Images
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To exempt or not: How the Commerce Department decides who pays steel tariffs

by Tracey Samuelson
Nov 9, 2018
Data suggests industry objections weigh heavily in decisions.
A worker prepares to lift a roll of steel with a crane at a shipyard in Nantong in China's eastern Jiangsu province in May.
AFP/Getty Images
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Trade showdown

Tariff exemption process remains "frustrating" for companies submitting applications

by Marketplace Staff
Nov 7, 2018
Ronnie Smith at McMahon Steel is not convinced the people evaluating his requests were prepared to do so.
A worker handles steel cables at a factory in Nantong in China's eastern Jiangsu province in July. 
AFP/Getty Images
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