U.S. Trade Deficit Widens More Than Expected In February
(RTTNews) - With exports slumping by more than imports, the Commerce Department released a report on Wednesday showing the U.S. trade deficit widened more than expected in the month of February.
The report said the trade deficit increased to $70.5 billion in February from a revised $68.7 billion in January. Economists had expected the trade deficit to rise to $69.0 billion from the $68.3 billion originally reported for the previous month.
The bigger than expected trade deficit came as the value of exports plunged by 2.7 percent to $251.2 billion, while the value of imports tumbled by 1.5 percent to $321.7 billion.
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U.S. Construction Spending Unexpectedly Dips 0.2% In January
Construction spending in the U.S. unexpectedly edged modestly lower in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said construction spending slipped by 0.2 percent to an annual rate of $2.193 trillion in January after climbing by 0.5 percent to a revised rate of $2.196 trillion in December.
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U.S. Manufacturing Index Edges Lower But Still Indicates Modest Growth In February
A report released by the Institute for Supply Management on Monday showed its reading on U.S. manufacturing edged slightly lower in February, although the index still indicated growth in the sector for the second straight month. The ISM said its manufacturing PMI slipped to 50.3 in February after rising to 50.9 in January, but a reading above 50 still indicates growth.
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Chicago Business Barometer Jumps But Still Indicates Contraction In February
A report released by MNI Indicators on Friday showed its reading on Chicago-area business activity jumped by much more than expected in the month of February but continued to indicate contraction. MNI Indicators said its Chicago business barometer shot up to 45.5 in February from 39.5 in January. Economists had expected the Chicago business barometer to show a much more modest increase to 40.6.
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4 dias atrás
U.S. Consumer Prices Increases In Line With Estimates In January
Closely watched readings on U.S. consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in January, matching the increase seen in December as well as economist estimates.
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4 dias atrás
U.S. Consumer Price Inflation Data Matches Estimates In January
Closely watched readings on consumer price inflation increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday.
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4 dias atrás
U.S. Pending Home Sales Plunge To All-Time Low In January
A report released by the National Association of Realtors on Thursday showed pending home sales in the U.S. plunged by much more than expected in the month of January, extending the sharp pullback seen in December. NAR said its pending home sales index dove 4.6 percent to an all-time low of 70.6 in January after tumbling 4.1 percent to a revised 74.0 in December.
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5 dias atrás
U.S. Durable Goods Orders Rebound In January As Aircraft Demand Skyrockets
Reflecting a substantial rebound by orders for transportation equipment, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured durable goods surged by more than expected in the month of January. The Commerce Department said durable goods orders shot up by 3.1 percent in January after tumbling by a revised 1.8 percent in December.
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U.S. Jobless Claims Climb More Than Expected To Two-Month High
The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits climbed much more than expected in the week ended February 22nd. The report said initial jobless claims rose to 242,000, an increase of 22,000 from the previous week's revised level of 220,000. Economists had expected initial jobless claims to inch up to 221,000.
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