U.S. Trade Deficit Widens Significantly In September

RTTNews | 27 days ago
U.S. Trade Deficit Widens Significantly In September

(RTTNews) - A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped.

The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August.

Economists had expected the trade deficit to jump to $84.1 billion from the $70.4 billion originally reported for the previous month.

The sharp increase in the size of the trade deficit came as the value of imports spiked by 3.0 percent to $352.3 billion, while the value of exports tumbled by 1.2 percent to $267.9 billion.

read more
U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction

U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction

The Institute for Supply Management released a report on Monday showing its reading on U.S. manufacturing increased by more than expected in the month of November but continued to indicate a contraction. The ISM said its manufacturing PMI rose to 48.4 in November from 46.5 in October, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 47.5.
RTTNews | 17h 48min ago
U.S. Construction Spending Climbs More Than Expected In October

U.S. Construction Spending Climbs More Than Expected In October

Construction spending in the U.S. increased more than expected in the month of October, according to a report released by the Commerce Department on Monday. The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.174 trillion in October after inching up by 0.1 percent to a rate of $2.165 trillion in September.
RTTNews | 17h 58min ago
U.S. Pending Home Sales Unexpectedly Increase In October

U.S. Pending Home Sales Unexpectedly Increase In October

The National Association of Realtors released a report on Wednesday unexpectedly showing a continued increase by U.S. pending home sales in the month of October. NAR said its pending home sales index jumped by 2.0 percent to 77.4 in October after soaring by 7.5 percent to an upwardly revised 75.9 in September. Economists had expected pending home sales to pull back by 1.3 percent.
RTTNews | 5 days ago
U.S. Consumer Price Growth Matches Estimates In October

U.S. Consumer Price Growth Matches Estimates In October

A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with expectations in the month of October. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates.
RTTNews | 5 days ago
Chicago Business Barometer Unexpectedly Edges Lower In November

Chicago Business Barometer Unexpectedly Edges Lower In November

A report released by MNI Indicators on Wednesday showed an unexpected decreased by its reading on Chicago-area business activity in the month of November. MNI Indicators said its Chicago business barometer slipped to 40.2 in November from 41.6 in October, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 44.7.
RTTNews | 5 days ago
U.S. Economic Growth Unrevised At 2.8% In Third Quarter

U.S. Economic Growth Unrevised At 2.8% In Third Quarter

The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the "advance" estimate issued last month.
RTTNews | 5 days ago
U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected

The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by 0.5 percent.
RTTNews | 5 days ago