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Home» Articles posted by Martin Crutsinger

Government Revises Q4 GDP Up Slightly to 4.3%

Posted on March 25, 2021 by Martin Crutsinger in Transport Topics

WASHINGTON — The U.S. economy grew at an annual rate of 4.3% in the final three months of 2020, slightly faster than previously estimated.

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Icy Weather Sends Industrial Production Down 2.2% in February

Posted on March 16, 2021 by Martin Crutsinger in Transport Topics

WASHINGTON — Severe winter weather pushed industrial production down a sharp 2.2% in February, reflecting a big decline in factory output.

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Gasoline Increase Drives 0.4% Boost in Consumer Prices

Posted on March 10, 2021 by Martin Crutsinger in Transport Topics

Consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1% gain, easing fears about a possible sustained acceleration in …

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Manufacturing Activity Jumps to Three-Year High in February

Posted on March 1, 2021 by Martin Crutsinger in Transport Topics

WASHINGTON — U.S. manufacturing expanded in February at the fastest pace in three years with the arrival of a surge in new orders.

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Construction Spending Up 1% in December, Led by Housing

Posted on February 1, 2021 by Martin Crutsinger in Transport Topics

WASHINGTON — U.S. construction spending rose a moderate 1% in December as the number of new homes offset a sustained weakness in nonresidential construction.

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September Factory Orders Up 1.9%

Posted on October 27, 2020 by Martin Crutsinger in Transport Topics

Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well.

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Industrial Production Fell a Sharp 0.6% in September

Posted on October 16, 2020 by Martin Crutsinger in Transport Topics

WASHINGTON — U.S. industrial production fell 0.6% in September, the weakest showing since industrial output tumbled in the spring when the economy was slowed by widespread lockdowns resulting from the coronavirus.

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Powell, Mnuchin Voice Optimism But Back More Economic Aid

Posted on September 22, 2020 by Martin Crutsinger in Transport Topics

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Sept. 22 that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is lik…

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Industrial Production Growth Slows, Up 0.4% in August

Posted on September 15, 2020 by Martin Crutsinger in Transport Topics

U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.

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US Trade Deficit Surges in July to Highest in 12 Years

Posted on September 3, 2020 by Martin Crutsinger in Transport Topics

The U.S. trade deficit surged in July to $63.6 billion, the highest level in 12 years, as imports jumped by a record amount.

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