Tag Archives: US Economy

Trade deficit in the United States rose by $4.4 billion to $84.8 billion in November, data showed on Wednesday. According to the US Census Bureau and the US Bureau of Economic Analysis exports of goods for November were $127.2 billion, $1.1 billion more than October exports, while imports of goods …

The United States Senate is set to discuss later this week the proposal made by President Donald Trump, as well as many Democrats, to an increase the stimulus payments from $600 to $2,000 per household, according to Senate Majority Leader Mitch McConnell, Reuters reported. This comes after the Senate’s Republican …

The United States House of Representatives will vote on Monday on raising the second government stimulus package to $2,000 per household, CNBC reported. Both the Democratic Party and President Donald Trump want to give people more money than the already approved $600 per household, while the Republican Party, which remains …

Consumer confidence in the United States declined for the second month in a raw in December, reaching its lowest level since August, amid a new wave of the Coronavirus pandemic. The consumer confidence index plunged to 88.6 in December from a revised reading of 92.9 in November, according to data …

The United States’ Real Gross Domestic Product (GDP) expanded at an annual rate of 33.4% in the third quarter, the US Bureau of Economic Analysis’ third estimate showed on Tuesday. This reading beat the previous estimate and the market expectation of 33.1%.

The US Congress has passed the long-awaited “stimulus package” Covid relief bill and the government’s funding plan Here are key provisions that will be included as part of the agreement, according to summaries of the legislation released by Democratic and GOP leadership: Direct payment checks of up to $600 per …

Housing starts and building permits in the United States increased during November, signaling the strength of the housing market, data by the US Department of Commerce showed on Thursday. Housing starts increased by 1.2% to a seasonally adjusted annual rate of 1.547 million units in November. On an annual basis, …

The United States National Association of Home Builders (NAHB) Housing Market Index (HMI) declined by four points in December to a reading of 86, compared with 90 in November. However, this is the second-highest level on record for the index. It is worth noting that any reading above 50 indicates …

Retail sales in the United States declined by more than expected during November, data by the US Department of Commerce showed on Wednesday. Last month, retail sales decreased by 1.1%, while the October reading was revised down to show a decline of 0.1% instead of an increase of 0.3% as …

Manufacturing capacity utilization in the United States increased to 72.6% in November from 72% in October, data by the US Federal Reserve showed on Tuesday. Total utilization increased to 73.3%. Meanwhile, utility output decreased by 4.3% last month, while mining output increased by 2.3%.