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U.S. Trade Deficit Narrows Slightly More Than Expected In October
(RTTNews) - Reflecting a steep drop by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed by slightly more than expected in the month of October.
The Commerce Department said the trade deficit shrank to $73.8 billion in October from a revised $83.8 billion in September.
Economists had expected the trade deficit to decrease to $75.0 billion from the $84.4 billion originally reported for the previous month.
The narrower trade deficit came as the value of imports tumbled by 4.0 percent to $339.6 billion, although the value of exports also slumped by 1.6 percent to $265.7 billion.
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U.S. Consumer Sentiment Rebounds Much More Than Expected In December
Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has improved much more than anticipated in the month of December. The University of Michigan said its consumer sentiment index climbed to 53.3 in December from 51.0 in November. Economists had expected the consumer sentiment index to rise to 52.0.
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U.S. Consumer Prices Increase In Line With Estimates In September
A long-delayed report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of September. The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.3 percent in September, matching the growth seen in August along with economist estimates.
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U.S. Factory Orders Rise Less Than Expected In September
New orders for U.S. manufactured goods saw a modest increase in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders rose by 0.2 percent in September after jumping by a downwardly revised 1.3 percent in August.
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U.S. Jobless Claims Unexpectedly Drop To Three-Year Low
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly fell to a three-year low in the week ended November 29th. The report said initial jobless claims slid to 191,000, a decrease of 27,000 from the previous week's revised level of 218,000. Economist had expected jobless claims to rise to 220,000.
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U.S. Weekly Jobless Claims Unexpectedly Drop To 191,000
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly fell to a three-year low in the week ended November 29th.
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U.S. Services Index Unexpectedly Indicates Slightly Faster Growth In November
Service sector activity in the U.S. unexpectedly grew at a slightly faster rate in the month of November, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI inched up to 52.6 in November after climbing to 52.4 in October, with a reading above 50 indicating growth. Economists had expected the index to edge down to 52.1.
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U.S. Industrial Production Edges Slightly Higher In September
Industrial production in the U.S. edged slightly higher in the month of September, the Federal Reserve revealed in a long-delayed report released on Wednesday. The Fed said industrial production inched up by 0.1 percent September after dipping by a revised 0.3 percent in August.
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U.S. Import, Export Prices Unexpectedly Unchanged In September
The Labor Department released a long-delayed report on Wednesday showing U.S. import and exports both came in flat in the month of September. The report said import prices came in unchanged in September following a downwardly revised 0.1 percent uptick in August. Economists had expected import prices to inch up by 0.1 percent.
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