Tag: Commerce Department
U.S. annual budget deficit nears $1T with 26% rise
WASHINGTON – The United States budget deficit widened to almost $1 trillion in the latest fiscal year, surging to the highest level since 2012...
U.S. business-equipment orders drop second month, miss forecast
WASHINGTON – Orders placed with United States factories for business equipment declined for a second straight month and shipments matched the biggest drop since...
U.S. retail sales unexpectedly drop in sign consumer shaky
WASHINGTON – United States retail sales unexpectedly posted the first decline in seven months, suggesting consumers are starting to become shaky as the main...
U.S. trade gap with China narrows as exports hit five-month high
WASHINGTON – The United States' merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of...
U.S. economy cools on consumer spending, equipment orders
WASHINGTON – The United States economy cooled in August as Americans spent less than projected and companies cut capital-equipment orders, with below-forecast prices and...
U.S. goods trade deficit widened in August by less than forecast
WASHINGTON – America’s merchandise trade deficit widened in August by less than forecast as a gain in imports exceeded a slight increase in exports.
The...
U.S. goods trade deficit widens to 5-month high in June
WASHINGTON – America’s merchandise trade deficit with China widened slightly in June to a five-month high, government figures showed Friday, a day after President...
U.S. trade gap widens by more than forecast to highest in...
WASHINGTON – The United States trade deficit widened by more than forecast to a five-month high as imports surged the most since 2015, illustrating...
U.S. first-quarter consumer spending revised down to 0.9% gain
WASHINGTON – United States consumer spending in the first quarter was even weaker than previously reported on lower outlays for services while business investment...
U.S. retail sales post broad rise, prior months revised up
WASHINGTON – United States retail sales posted a broad-based gain in May and the prior two months were revised higher, suggesting consumer spending is...