Growth in consumer spending, representing two - thirds of U.S. economic activity, slid to 1.1 percent
rate in the first quarter, the slowest pace since the second quarter of 2013 and following the fourth quarter's robust 4.0 percent growth rate.
As result of the weakness in consumer spending, the economy grew at a 2.3 percent
rate in the first quarter after expanding at a 2.9 percent pace in the final three months of 2017.
Real consumer spending increased at a 2.25 percent annual rate over the second half of 2009 and looks to be growing at about
that rate in the first quarter of 2010.
Labor costs had fallen at a 0.3 percent
rate in the first quarter.
Manufacturing output rose at an annual rate of 1.4 % during the period, compared with a 9.8 %
rate in the first quarter.
A report from the Labor Department showed hourly worker compensation accelerated at a 3.4 per cent
rate in the first quarter after rising at a 2.4 per cent pace in the October - December period.
Productivity contracted at a 1.1 percent
rate in the first quarter.
H&M said it's maintaining its targets for sales growth of at least 25 percent from e-commerce and new businesses this year, even though it missed that
rate in the first quarter.
The U.S. economy posted a 2.3 % annual growth
rate in the first quarter of 2018 as consumer spending turned in the weakest performance in nearly five years.
Goods spending declined 1.1 percent at the annual
rate in the first quarter, pulling back from the 7.8 percent gain in the fourth quarter (the strongest quarterly gain in nearly 12 years).
Nonresidential fixed investment rose 6.1 percent at the annual
rate in the first quarter, extending the 6.8 percent gain in the fourth quarter.
Homeownership
rates in the first quarter were also highest among homeowners aged 65 and older, at 78.6 percent, and lowest for homeowners aged 35 and younger, at 34.3 percent.
The Hispanic homeownership
rate in the first quarter, according to the report, was 46.6 percent.
The Midwest held the highest homeownership
rate in the first quarter, at 67.6 percent, while the West held the lowest at 59 percent, the Census report shows.
Non-Hispanic White Alone * homeowners, as defined by the Census, held the highest homeownership
rate in the first quarter, as well: 71.8 percent.
He expects the Federal Reserve to end tapering of monetary policy by the end of the year and to hike the Fed funds
rates in the first quarter of 2015.
The markets with the lowest office vacancy
rates in the first quarter are Washington, D.C., at 8.7 percent; New York City, 9.0 percent; Little Rock, Ark., and Seattle at 11.5 percent; and San Francisco, at 12.0 percent.
That would be a significant improvement from the anemic 1.1 percent
rate in the first quarter but not booming growth.
Surging sales were attributed to low mortgage interest
rates in the first quarter.
On Friday, the Commerce Department said the economy grew at a 0.8 percent annual
rate in the first quarter.
At 9.5 percent, Washington D.C. had the lowest vacancy
rate in the first quarter.
NEW YORK (Reuters)- The Apartment vacancy
rate in the first quarter fell to its lowest level in more than a decade, and rents posted their biggest jump in four years, as Americans eschewed home ownership and renting retained its popularity, according to real estate research firm Reis Inc..
Real GDP grew at a seasonally adjusted annual rate of 2.3 %, accelerating from a 0.6 %
rate in the first quarter.
Not exact matches
Pfizer posted slightly higher sales and a 14 percent jump
in profit
in the
first quarter, thanks to lower restructuring costs and a much - lower tax
rate, but its revenue still missed Wall Street expectations.
With economic indicators suggesting gross domestic product grew at an annual
rate of four percent
in the
first quarter, the Bay Streeters insist the future is bright.
Barrick is
in a stronger position now to focus on growth opportunities following two credit upgrades from
rating agencies
in the
first quarter of the year.
Same - restaurant sales at KFC rose 2 percent
in the
first quarter of 2018, the slowest growth
rate in four
quarters.
Same - restaurant sales at KFC rose 2 percent
in the
first quarter of 2018, missing analysts» target with the slowest growth
rate in four
quarters.
Among those that Moody's
rates, there were nine defaults
in the
first quarter, an «all - time high,» as Moody's put it, «reflecting the fallout of changing consumer behavior and advancing e-commerce for traditional brick - and - mortar retail.»
Gross domestic product contracted at an annual
rate of 0.5 %
in the second
quarter and 0.8 %
in the
first, which is exactly what the Bank of Canada predicted
in July when it dropped its policy
rate by a
quarter point.
The company's adjusted effective tax
rate for
first -
quarter 2018 was 16.2 percent, compared with 16.9 percent
in 2017.
The company's effective tax
rate for
first -
quarter 2018 was 16 percent, compared with 16.5 percent
in 2017.
«We are seeing
in the short - term (specifically
in the
first quarter) some headwinds that will cause near - term sales to be below run
rate consumption,» Chief Financial Officer Paulo Basilio said.
The negative growth
rate of the
first quarter, partially related to severe weather
in the Northeast, also shows how dependent the economy is on external factors.
Despite earning the biggest premium for sticking around, ADP found that the 24 - and - under crowd's turnover
rate exceeded 50 %
in the
first quarter.
«The industrial capacity utilisation
rate in the
first three
quarters reached 76.6 %, 3.5 percentage points higher than the same period last year.»
Though «Daily Show» host Trevor Noah's
ratings ticked up
in the
first quarter of the year and «The President Show» resonated with audiences, if not with some critics, network representatives still remember fondly Stewart's and Colbert's domination of the 11 - t0 - midnight time slot among key demographics pined over by advertisers.
Millennials had been driving the nation's overall homeownership
rate, showing the biggest gains throughout 2017, but they dropped back
in the
first quarter of this year.
That was
in line with growth
rates in the
first through third
quarter of last year and well above that posted
in the fourth
quarter, he said.
The ABA does not track delinquency
rates for traditional mortgage payments, which rose
in the
first quarter according to a report from the Mortgage Bankers Association.
From the fourth
quarter of 2007 to the
first quarter of 2011, real GDP decreased at an average annual
rate of 0.2 percent;
in the previously published estimates, real GDP had increased at an average annual
rate of 0.2 percent.
Only 5.5 % of Verizon (vz) customers upgraded their phones
in the third
quarter when the iPhone 8
first went on sale, down from a 6.3 % upgrade
rate last year when Apple released the iPhone 7, the carrier said as part of its financial report on Thursday.
O'Reilly's show, «The O'Reilly Factor,» has been the most watched program on Fox News and was coming off the highest -
rated first quarter in its history, averaging 4 million viewers, according to Nielsen.
As for «challenged,» CNN just finished its second highest
rated first quarter in the past nine years.
Despite rapidly accelerating revenue, the
rate that Twitter added monthly active users slowed — less than 4 %, to 241 million,
in its
first quarter as a public company, and as low as 1.4 %
in a recent
quarter — worrying investors that Twitter might not be the mainstream product that its soaring valuation promised.
Canada's economy likely grew at an annualized
rate well
in excess of 3 %
in the
first quarter.
The central bank has cut interest
rates for more than a year and flooded the state - owned sector with almost $ 1 trillion of credit
in the
first quarter.
And the company forecast year - over-year growth of 10 percent to 29 percent
in the current
quarter, which is not a big jump from the 26 percent growth
rate it hit during the
first three months of the year (some of that can be blamed on foreign exchange
rates).
In the
first quarter, its index showed 4.8 % growth — less than the government's official release of 6.7 % growth, but the highest
rate Capital Economics» index had measured since the end of 2014.
But it was Walmart's fifth straight such period of decelerating increases, and well below the industry - wide
rate of 15.1 %
in the
first quarter, let alone Amazon's 20 - plus percent gains, which Walmart was matching until recently.