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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 Confidence Index Edges Lower In August
A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.
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9 h 14 min atrás
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July. The Commerce Department said durable goods orders slumped by 2.8 percent in July after plummeting by a revised 9.4 percent in June.
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9 h 25 min atrás
U.S. Durable Goods Orders Tumble Less Than Expected In July
Reflecting a continued plunge by orders for transportation equipment, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of July.
RTTNews
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10 h 49 min atrás
U.S. New Home Sales Pull Back From Upwardly Revised Level In July
New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.
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1 dia atrás
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates
Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
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4 dias atrás
U.S. Leading Economic Index Edges Down In Line With Estimates In July
A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
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5 dias atrás
U.S. Existing Home Sales Unexpectedly Rebound In July
The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
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5 dias atrás
Philly Fed Index Unexpectedly Returns To Negative Territory In August
Manufacturing activity in the Philadelphia area has weakened in the month of August, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to a negative 0.3 in August from a positive 15.9 in July, with a negative reading indicating contraction.
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5 dias atrás
