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US Commerce Department News

US Commerce Department

29 Mar 2017

ZTE removed from US trade blacklist

The US Commerce Department will remove Chinese telecom equipment maker ZTE Corp from a trade blacklist after the company admitted to violating sanctions on Iran, the Commerce Department said in a notice made public on Tuesday.

US trade deficit

04 Dec 2015

US trade deficit grows as exports hit 3-year low

The trade gap widened to $43.9 billion in October from an upwardly revised September reading of $42.5 billion.

31 Jul 2015

US economy rebounds at mild pace in Q2

The US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.

30 Jul 2015

US economy grew 2.3% in second quarter

The US economy picked up sharply in the second quarter, boosted by increased consumer spending and exports after a tepid first quarter, the Commerce Department reported Thursday.

29 May 2015

US economy contracted 0.7% in first quarter

The US economy contracted at an annual rate of 0.7 percent in the first quarter of this year, the Commerce Department said Friday in a revised GDP estimate.

US economic growth

27 Mar 2015

US economic growth slows in Q4; corporate profits fall

Gross domestic product expanded at a 2.2 percent annual rate last quarter, the Commerce Department said on Friday in its third estimate of GDP. That was unrevised from the forecast last month.

09 Jan 2015

US jobless rate falls to 5.6% in best year since 1999

Together with upward revisions of the previous two months -- 50,000 more jobs than previously reported -- December rounded out the best year for job generation in 15 years, with almost three million net new jobs added.

16 Dec 2014

US housing starts fall in November

Private housing starts fell 1.6 percent from October to an annual rate of 1.028 million, the Commerce Department reported.

US consumer spending

29 Sep 2014

US consumer spending, income pick up in August

Consumer spending, the main engine of the US economy, rose 0.5 percent in August after no change in July, revised from a 0.1 percent decline.

26 Sep 2014

US growth quickest in 2-1/2 years on business spending, exports

The US economy grew at a robust annual rate of 4.6 percent in the second quarter, stronger than previously estimated, the Commerce Department reported on Friday.

28 Aug 2014

US economy grew at robust 4.2% pace in 2nd quarter

The US Commerce Department raised its estimate for US economic growth to 4.2 percent Thursday, confirming the solid rebound from the first quarter`s steep contraction.

01 Aug 2014

US hiring remains strong in July

The US economy generated 209,000 new jobs in July, down from June but maintaining a solid 200,000-plus monthly streak since February, the Commerce Department said.

30 Jul 2014

Exim Bank inks trade facilitation pact with US body

The agreement was signed at an event addressed by visiting US Commerce Secretary Penny Pritzker in the financial capital.

31 Jul 2014

US GDP growth rebounds to 4% in 2nd quarter

Private investment soared 17.0 percent in the second quarter, after shrinking 6.9 percent in the previous period. Investment was strong in both equipment and homes.

US trade deficit

03 Jul 2014

US trade deficit falls in May

In April, the US trade deficit had hit its highest level in two years.

25 Jun 2014

US economy shrank 2.9% in first quarter: Govt

The contraction in the world`s largest economy was the steepest since the 2009 first quarter.

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