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.
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U.S. Trade Deficit Widens To Largest In Over Two Years In September
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.
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U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year
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U.S. Employment Inches Up Far Less Than Expected In October
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Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October
MNI Indicators released a report on Thursday showing its reading on Chicago-area business activity unexpectedly tumbled to a five-month low in October. The report said MNI Indicators' Chicago business barometer slumped to 41.6 in October from 46.6 in September, with a reading below 50 indicating contraction. Economists had expected the business barometer to inch up to 47.0.
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U.S. Consumer Price Inflation Data Largely In Line With Estimates In September
The Commerce Department on Thursday released its report on U.S. personal income and spending in the month of September, which includes the Federal Reserve's preferred readings on consumer price inflation. The report said the personal consumption expenditures (PCE) price index rose by 0.2 percent in September after inching up by 0.1 percent in August. The modest increase matched estimates.
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