Tag Archives: US Economy

The merchandise trade deficit widened in the United States in August, as imports rose as companies rebuild stocks that ran out when the coronavirus pandemic severely affected the flow of goods. The US Commerce Department said the commodity trade deficit increased 3.5% to $ 82.9 billion last month. Merchandise imports …

The Texas factory production index increased by nine points to 22.3 in September, its highest reading in two years, according to data by the Texas Manufacturing Outlook Survey. This is the fourth consecutive monthly increase for the index, signaling recovery from the impacts of the COVID-19 pandemic. Meanwhile, future production …

New home sales in the United States increased by 4.8% to a seasonally adjusted annual rate of 1.011 million units in August, according to data released by the US Department of Commerce on Thursday. This is the highest level for new home sales since September 2006, according to Reuters. July’s …

The IHS Markit Flash U.S. Composite PMI Output Index posted 54.4 at the end of the third quarter (Q3) of 2020, down from 54.6 in August, adjusted for seasonal factors. However, the index’s quarterly average was the highest since the opening three months of 2019. The seasonally adjusted IHS Markit …

The activity in the Federal Reserve’s Fifth District’s manufacturing sector expanded at a stronger pace in September than it did in August with the Composite Index of the Richmond Fed’s Survey of Manufacturing Activity rising to 21 from 18. Further details of the report showed that the Manufacturing Shipment Index declined …

Oil and natural gas rigs in the United States increased this week, according to data by Baker Hughes. Active oil and gas rigs increased by one to 255, but remained 71% below the level of rigs for the same time last year at 613 rigs. Oil rigs fell by one …

Current account deficit in the United States increased during the second quarter (Q2) of 2020, data by the US Department of Commerce showed on Friday. The current account deficit surged by 52.9% to $170.5 billion in Q2 of 2020, its highest level in about 12 years, since Q3 of 2008. …

The Federal Reserve purchased $25.682 billion worth of mortgage-backed securities this week, compared with $29.69 billion last week, data by the Federal Reserve Bank of New York showed on Thursday.

Investors have pulled around $994 million out of stock funds in the United States last week, Reuters reported, citing data by Lipper. Money mark funds declined by $50.5 billion during the week that ended on Wednesday. Meanwhile, emerging market equity funds lost about $525 million.

Consumer spending in the United States slowed last month, according to data released on Wednesday. The value of overall sales increased 0.6%. Retail sales, excluding automobiles, gasoline, building materials, and food services, decreased by 0.1% in August, after rising by 0.9% in July, as per the reading revised from a …