Economic News

Strong Freight Rates Mean Strong…

In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that the strength in new commercial vehicle demand can be summed with strength in freight rates. The r...

ACT Research: China’s Commercial Vehicle…

According to the recent release of ACT Research’s China Commercial Vehicle OUTLOOK, China’s heavy and medium commercial vehicle markets reported an uptick in sales during 2020�...

U.S. Terms of Trade Increased…

The U.S terms of trade with Canada increased 4.1%, for the year ending in November 2020. Terms of trade with China increased 2.2%, and terms of trade decreased with the European Un...

Retail Salespersons Numbered 4.3 Million,…

In 2019, there were 4.3 million retail salespersons in the United States, and they earned an average of $29,360 per year. Fast food and counter workers numbered 4.0 million, with a...

International Trade Deficit Increase to…

The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced that the goods and services deficit was $68.1 billion in November, up $5.0 billion from $63.1 billion in O...

Nonmanufacturing Business Outlook Survey Shows…

Firms responding to the December Nonmanufacturing Business Outlook Survey indicated a continued moderation in business activity. The survey’s current indicator for general activi...

Existing Home Sales Fell in…

Existing-home sales fell in November, snapping a five-month streak of month-over-month gains, according to the National Association of Realtors®. All major regions either took a s...

Real Weekly Earnings up 3.7…

Real average hourly earnings for all employees increased 3.7% from December 2019 to December 2020. The change in real average hourly earnings combined with an increase of 1.2% in t...

ACT Research: Strong Freight Markets…

According to ACT’s latest release of the North American Commercial Vehicle OUTLOOK, greater-than-expected build rates in November, the latest available data, continued to apply u...