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U.S. Trade Deficit Widens In December
(RTTNews) - The Commerce Department released a report on Tuesday showing an increase in the size of the U.S. trade deficit in the month of December.
The report said the trade deficit widened to $67.4 billion in December from a revised $61.0 billion in November. Economists had expected the deficit to widen to $68.5 billion from the $61.5 billion originally reported for the previous month.
The increase in the size of the trade deficit came as the value of imports jumped by 1.3 percent to $317.6 billion, while the value of exports fell by 0.9 percent to $250.2 billion,
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U.S. Consumer Sentiment Unexpectedly Continues To Deteriorate In May
Consumer sentiment in the U.S. has unexpectedly continued to deteriorate in the month of May, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index dipped to 50.8 in May after slumping to 52.2 in April. Economists had expected the index to inch up to 53.4.
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5h 18min ago
U.S. Import, Export Prices Unexpectedly Inch Higher In April
The Labor Department released a report on Friday unexpectedly showing modest increases by both U.S. import and export prices in the month of April. The report said import prices crept up by 0.1 percent in April after falling by a downwardly revised 0.4 percent in March.
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5h 21min ago
U.S. Housing Starts Rebound Less Than Expected In April, Building Permits Pull Back Sharply
While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.
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5h 24min ago
U.S. Import, Export Prices Unexpectedly Inch Up 0.1% In April
The Labor Department released a report on Friday unexpectedly showing modest increases by U.S. import and export prices in the month of April.
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6h 57min ago
U.S. Housing Starts Rebound In April But Building Permits Pull Back Sharply
While the Commerce Department released a report on Friday showing a rebound by new residential construction in the U.S. in the month of April, the report also showed a substantial pullback by building permits during the month.
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7h 4min ago
U.S. Business Inventories Inch Up Slightly Less Than Expected In March
The Commerce Department released a report on Thursday showing a slight increase by U.S. business inventories in the month of March. The report said business inventories crept up by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected business inventories to rise by another 0.2 percent.
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1 day ago
U.S. Homebuilder Confidence Unexpectedly Slumps In May
Reflecting growing uncertainties stemming from elevated interest rates, tariff concerns, building material cost uncertainty and the cloudy economic outlook, the National Association of Home Builders released a report on Thursday showing an unexpected slump by U.S. homebuilder confidence in the month of May.
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1 day ago
U.S. Industrial Production Unexpectedly Flat In April
With a rebound by utilities output offset by decreases by manufacturing and mining output, the Federal Reserve released a report on Thursday showing industrial production in the U.S. came in unchanged in the month of April. The Fed said industrial production was unchanged in April after falling by 0.3 percent in March. Economists had expected industrial production to rise by 0.2 percent.
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1 day ago
