Tag: US Commerce Department

• Friday, July 20th 2012 - 07:59 UTC

  US solar companies can compete with China with a bit of innovation

  

  The US solar industry is undergoing some serious growing pains, with bankruptcies and mergers a necessary part of that process; meanwhile, competition from Chinese solar panels has many believing that American solar simply cannot compete. Not so.

• Tuesday, August 2nd 2011 - 21:44 UTC

  US consumers cut spending in June for the first time in two years

  

  US consumer spending unexpectedly fell in June to post the first decline in nearly two years as incomes barely increased, a government report showed, suggesting economic growth could remain subdued in the third quarter.

• Monday, August 1st 2011 - 20:37 UTC

  US manufacturing expanded at its lowest in two years in July

  

  US manufacturing grew at its slowest pace in two years in July as new orders contracted, a troubling development for the faltering economy. The Institute for Supply Management said its index of national factory activity fell to 50.9, the lowest level since July 2009, from 55.3 in June.

• Friday, June 24th 2011 - 22:44 UTC

  US economy expanded at a 1.9% annual pace in the first quarter

  

  The United States economy grew at a 1.9% pace in the first quarter marking the start of what Federal Reserve policy makers anticipate is a temporary slowdown in growth.

• Thursday, March 10th 2011 - 21:25 UTC

  US trade deficit soars to 46.3 billion in spite of record exports

  

  Stock markets have fallen after figures showed the US trade deficit had widened much more than expected in January. The US Commerce Department said the deficit had widened to 46.3 billion US dollars from 40.3 billion USD in December.