Commerce Department
ORG
Commerce Department
Yesterday, a survey showed a surprising dip in consumer expectations, and the Commerce Department revised upward measures of economic growth and inflation in the fourth quarter. On Monday, the Commerce Department reported that the sales of new homes fell 5 percent in January from a year earlier. The Commerce Department revised upward one gauge of inflation, the fourth-quarter gross domestic product price index, to 3.3 percent, from an earlier estimate of 3 percent. The department also revised upward its estimate of fourth-quarter economic growth to 1.6 percent, from its previous estimate of 1.1 percent.