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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. Manufacturing Index Unexpectedly Edges Lower In November
The Institute for Supply Management released a report on Monday unexpectedly showing a modest decrease by its reading on U.S. manufacturing activity in the month of November. The ISM said its manufacturing PMI slipped to 48.2 in November from 48.7 in October, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.0.
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Před 1 dnem
U.S. Mortgage Applications Grow Despite Rising Rates: MBA
Home loan applications approved and purchase activity in the U.S. increased in the week ended November 21 even as mortgage rates continued to climb, survey data from the Mortgage Bankers Association revealed on Wednesday.
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Před 6 dny
Chicago Business Barometer Unexpectedly Plunges In November
MNI Indicators released a report on Wednesday unexpectedly showing a steep drop by its reading on Chicago-area business activity in the month of November. The report said the Chicago business barometer plunged to 36.3 in November after climbing to 43.8 in October, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 44.3.
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Před 6 dny
U.S. Durable Goods Orders Climb 0.5% In September, More Than Expected
New orders for U.S. manufactured durable goods increased by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.5 percent in September after spiking by an upwardly revised 3.0 percent in August. Economists had expected durable goods orders to rise by 0.3 percent.
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Před 6 dny
U.S. Weekly Jobless Claims Unexpectedly Dip To Seven-Month Low
A report released by the Labor Department on Wednesday showed an unexpected dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd. The Labor Department said initial jobless claims slipped to 216,000, a decrease of 6,000 from the previous week's revised level of 222,000. Economists had expected jobless claims to inch up to 225,000.
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Před 6 dny
U.S. Durable Goods Orders Climb More Than Expected In September
New orders for U.S. manufactured durable goods increased by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday.
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Před 6 dny
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
A report released by the Labor Department on Wednesday showed an unexpected dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd.
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Před 6 dny
U.S. Business Inventories Unexpectedly Unchanged In August
Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.
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Před 7 dny
