The nation's Gross Domestic Product increased to an annual rate of 3% during the first three months of 2010, that's less than the 3.2% original estimate, the Commerce Department reported today.
In another sign that consumer wallets are continuing to open, they were more willing to buy big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.
Housing starts increased 5.8% in April, following a 1.6% rise in March, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.
Municipal Employees Credit Union, Baltimore, announced that Harry Deitchman, director emeritus, was inducted into the Credit Union Executive Society's director hall of fame.
With spring having sprung and the economy continuing to show signs of a rebound, consumers opened up their wallets last month and caused retail sales to increase 1.6% last month, the Commerce Department reported today.
As credit union management and boards learn more about the amount of toxic assets in corporate and natural person credit unions, their conclusion about assessments changes from "something we have to live with" to "we can't live with that."
Despite heavy snow in some regions and in contrast to the usual pattern of slower consumer purchasing in the winter, retail sales rose 0.3%, the Commerce Department reported today.
In another sign that some indicators are revealing that the economy is turning around, housing starts increased 2.8% last month, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.
Consumers were more willing to spend money last month as retail sales increased 0.5%, the Commerce Department reported today.
The tax credits for home purchases and an improving economy translated into some good news on the housing front in December.