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# The Pelican Report

Diving Below the Surface to Find New Insights

## Sitemaps

- [XML Sitemap](https://pelican-report.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [2nd Quarter GDP Decline Underlines Economy's Weakness](https://pelican-report.com/2022/08/26/second-quarter-gdp-revision-of-0-6-decline-shows-economys-underlying-weakness/) - The Commerce Department's release of its "second" estimate of gross domestic product (GDP) growth for the second quarter of 2022 on Thursday confirmed the the US economy has fallen into a recession. Although the revised number showed that the economy shrunk by only 0.6 percent at an annualized rather than by 0.9 percent as reported
- [New Durable Goods Orders Stall in July](https://pelican-report.com/2022/08/24/new-durable-goods-orders-stall-in-july/) - Durable goods orders stalled out in July, in another sign that the economy is cooling, if not already in recession. Economists polled by the Wall Street Journal had expected 1 percent growth. New orders for manufactured durable goods in July decreased less than $0.1 billion or virtually unchanged to $273.5 billion, according to a report
- [New Durable Goods Orders Point to a V-Shaped Recovery](https://pelican-report.com/2020/11/28/new-durable-goods-orders-point-to-a-v-shaped-recovery/) - New orders for manufactured durable goods in October increased $3.0 billion or 1.3 percent to $240.8 billion, according to the U.S. Census Bureau. Transportation equipment, up five of the last six months, led the increase, $0.9 billion or 1.2 percent to $77.1 billion. Excluding transportation, new orders increased by 1.3 percent to $163.7 billion. New
- [Economic Growth Leads to Lower Crime](https://pelican-report.com/2020/02/25/economic-growth-leads-to-lower-crime/) - New IMF study showing a strong link between economic growth and lower crime should add to economic growth vs. wealth redistribution debate.
- [Housing Starts Remain Strong](https://pelican-report.com/2020/02/20/housing-starts-remain-strong/) - Privately-owned housing starts showed continued strength in January, coming in at a seasonally-adjusted annual rate of 1.567 million units, according to the US Census Bureau. This was 10 percent higher than the 1.42 million expected by most economists and 21.4 percent higher than in January 2019. The already strong December number was also revised upward
- [Non-Residential Construction Spending Shows No Sign of Revival](https://pelican-report.com/2020/02/03/non-residential-construction-spending-shows-no-sign-of-revival/) - Construction spending data for December shows a continuing split between residential and non-residential construction, with the latter continuing to fall.
- [GDP Growth at 2.1% in Fourth Quarter](https://pelican-report.com/2020/01/31/gdp-growth-at-2-1-in-fourth-quarter/) - The preliminary GDP estimate from the BEA shows continued solid growth, but the underlying data contains areas of concern.
- [CBO Report Points to Runaway Spending Increasing the Risk of a Fiscal Crisis](https://pelican-report.com/2020/01/28/cbo-report-points-to-runaway-spending-increasing-the-risk-of-a-fiscal-crisis/) - The latest budget and economic outlook from the non-partisan Congressional Budget Office (CBO), released on Tuesday, projects the federal budget deficit will rise from 4.6 percent of GDP in 2020 to 5.4 percent in 2030. These large deficits in turn will push the federal debt held by the public from 81 percent of GDP this
- [Defense Orders Drive Durable Goods Growth in December](https://pelican-report.com/2020/01/28/defense-orders-drive-durable-goods-growth-in-december/) - New orders for manufactured durable goods in December increased by $5.7 billion or 2.4 percent to $245.5 billion, the US Census Bureau announced today. A shape rise in defense orders, which were up by 102 percent from November, drove the increase. Transportation equipment orders, driven by a 168 percent increase for defense aircraft, were up
- [IMF Sees Global Growth to Rebound](https://pelican-report.com/2020/01/21/425/) - The IMF is forecasting global growth will rise from an estimated 2.9 percent in 2019 to 3.3 percent in 2020 and 3.4 percent in 2021, according to its World Economic Outlook Update released today. Although there are few visible signs of turning points yet in the global macroeconomic data, it supports its forecast with the
- [Rising Spending Driving Budget Deficit Increase](https://pelican-report.com/2020/01/20/rising-spending-driving-budget-deficit-increase/) - Rising spending pushed the US Federal Deficit in $1.02 billion in 2019, or 4.7 percent of GDP, according to data released last week by the US Treasury. Rising health care and defense spending were the main drivers pushing total federal outlays by 7.5 percent to $4.5 trillion last year, outpacing the 5 percent increase in
- [Business Applications Rise Points to Continued Growth](https://pelican-report.com/2020/01/15/business-applications-rise-indicates-economy-remains-strong/) - The Census Bureau today reported that business applications rose by 3.4 percent in the fourth quarter of 2019. This reverses the declining trend of the last five quarters and suggests that economic growth will remain strong in the coming year.
- [Low Unemployment, Rising Wages Benefiting Underprivileged](https://pelican-report.com/2020/01/13/unemployment-holds-steady/) - Historically low unemployment and rising wages indicate that the benefits of the current economic expansion are widespread, which likely will increase President Trump's reelection chances. Data released by the Bureau of Labor Statistics on Friday shows the labor force remains tight, with the unemployment rate at historic lows and an increase in the labor force

## Pages

- [About](https://pelican-report.com/about/) - Nicholas Forte is the Chief Pelican at The Pelican Report. He is a former senior economic analyst for the US Federal Government and has more than thirty years of experience preparing analytical reports on economic and industrial issues. He also has taught courses on economic issues to US government officials.
- [Attribution](https://pelican-report.com/attribution/) - This site has been created with the help of many different people and companies.In particular, a special thanks goes to the following for content running on this site: Author: Lauren Mancke / UnsplashLicense: Author: UnknownLicense: Unknown license Author: UnknownLicense: Unknown license Author: UnknownLicense: Unknown license Author: UnknownLicense: Unknown license Author: UnknownLicense: Unknown license Author: UnknownLicense:
- [Contact](https://pelican-report.com/contact/) - This is a page with some basic contact information, such as an address and phone number. You might also try a plugin to add a contact form.

## Categories

- [Uncategorized](https://pelican-report.com/category/uncategorized/)
- [Economic growth](https://pelican-report.com/category/economic-growth/)
- [Durable Goods](https://pelican-report.com/category/durable-goods/)