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U.S. Trade Deficit Widens Roughly In Line With Estimates In November
(RTTNews) - With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November.
The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October.
Economists had expected the trade deficit to climb to $78.0 billion from the $73.8 billion originally reported for the previous month.
The wider trade deficit came as the value of imports shot up by 3.4 percent to $351.6 billion, while the value of exports jumped by 2.7 percent to $273.4 billion.
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U.S. Construction Spending Unexpectedly Edges Lower In July
A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.
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U.S. Manufacturing Index Inches Up In Line With Estimates In August
The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.
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U.S. Consumer Prices Increase In Line With Estimates In July
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U.S. PCE Price Index Increased In Line With Estimates In July
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U.S. Pending Home Sales Fall More Than Expected In July
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