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U.S. Durable Goods Orders Tumble Much More Than Expected In November
(RTTNews) - Reflecting a sharp pullback in orders for transportation equipment, the Commerce Department released a report on Friday showing U.S. durable goods orders tumbled by much more than expected in the month of November.
The report said durable goods orders plunged by 2.1 percent in November after climbing by a downwardly revised 0.7 percent in October.
Economists had expected durable goods orders to decrease by 0.6 percent compared to the 1.1 percent jump that had been reported for the previous month.
Excluding the steep drop in orders for transportation equipment, durable goods orders edged up by 0.2 percent in November after inching up by 0.1 percent in October. Ex-transportation orders were expected to be unchanged.
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U.S. Wholesale Inventories Climb Slightly Less Than Expected In March
The Commerce Department released a report on Thursday showing wholesale inventories in U.S. increased by slightly less than expected in the month of March. The report said wholesale inventories rose by 0.4 percent in March after climbing by an upwardly revised 0.5 percent in February.
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U.S. Labor Productivity Decreases For First Time Since 2022
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Fed Leaves Interest Rates Unchanged, Warns Of Higher Unemployment, Inflation.
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U.S. Trade Deficit Spikes To Record High In March As Import Surge
The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday. The report said the trade deficit soared to a record high $140.5 billion in March from a revised $123.2 billion in February.
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U.S. Trade Deficit Surges Much More Than Expected In March
The U.S. trade deficit spiked by much more than expected in the month of March, according to a report released by the Commerce Department on Tuesday.
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