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US trade deficit widens in June

The Commerce Department today announced the US trade deficit widened in June to $49.90 billion (£31.8 billion) – the highest level in 20 months and much higher than the $42.2 billion most economists had expected. According to the Commerce Department,...

Published 08-11-2010 6:32 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, exports, China, Commerce Department, imports, higher, June, expected, trade deficit, widen

World’s largest economy expands by 2.4% in Q2

Official figures have revealed the world’s largest economy experienced annualised growth of 2.4% in the April to June period, according to the US Commerce Department. The figure came in slightly below expectations but it is the first of three estimates...

Published 07-30-2010 2:37 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, unemployment, housing market, Commerce Department, expectations, slow, recovery, expand, below, strength, quarter two

More woes for US housing market

The Commerce Department has today revealed a rise in sales of new homes in the US for the month of June. However, the rate of sales was the second slowest since records began in 1963. According to the Commerce Department, new single-family home sales...

Published 07-26-2010 6:48 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Property News, Government, sales, housing market, Commerce Department, National Association of Realtors, new homes, June, second, tax incentive, slowest

US retail sales fall in June

The Commerce Department today announced retail sales fell by 0.5% in June – the second consecutive monthly fall after a downwardly revised 1.1% fall in May. Sales were hit by a decline in sales of petrol and cars and were slightly worse than the...

Published 07-14-2010 6:14 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, fall, unemployment, retail sales, Commerce Department, June, second, month, consecutive

US trade deficit widens in May

The Commerce Department today announced the US trade deficit widened in May to $42.3 billion (£28 billion) – an 18-month high. Most economists had expected the deficit to fall to $39.4 billion. The trade gap for goods and services grew 4.8% from $40.3...

Published 07-13-2010 5:30 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, exports, Yuan, China, Commerce Department, imports, May, trade deficit, widen, currency peg

US consumer spending creeps up 0.2% in May

According to the Commerce Department, consumer spending in the US rose to an eight-month high in May, by 0.2% on month, suggesting the recovery is still on course. The rise in consumer spending, which makes up for more than two-thirds of overall economic...

Published 06-28-2010 6:15 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, unemployment, rise, growth, consumer spending, Commerce Department, expectations, first quarter, exceed, May, revised, downwards, closely-watched

US new home sales plunge to record low in May

The Commerce Department has revealed a record fall in sales of new homes in the US for the month of May. According to the Commerce Department, new single-family home sales fell by 32.7% on year to an all-time low of 300,000 units – the lowest since records...

Published 06-24-2010 11:36 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, Property News, sales, housing market, Commerce Department, National Association of Realtors, record low, fears, May, surprise, new home, strength, tax incentive

Mixed data for world’s largest economy

Figures at the end of last week revealed mixed messages for the US economy with an unexpected fall in retail sales and a rise in consumer confidence. Firstly, the Commerce Department revealed a 1.2% fall in retail sales for the month of May. The fall...

Published 06-14-2010 9:52 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, retail sales, Commerce Department, data, stocks, consumer confidence, mixed, Thomson Reuters/University of Michigan’s Survey, consumer index

US trade deficit widens in April

The Commerce Department today announced the US trade deficit widened to $40.3 billion (£27.5 billion) in April – a 16-month high. The deficit was slightly lower than the $41.3 billion the market had forecast. According to official figures, imports...

Published 06-10-2010 5:36 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, fall, exports, Commerce Department, imports, trade deficit, widen

US factory orders up 1.2% in April

The Commerce Department reported a rise in US factory orders, suggesting the US economy is continuing to grow strongly. According to the Commerce Department, orders for manufactured goods grew 1.2% in April, easing slightly from the 1.7% rise in March...

Published 06-04-2010 8:24 AM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, rise, growth, orders, Commerce Department, recovery, factory, April, jobs data

US housing starts surge, building permits fall

The Commerce Department has today revealed US housing starts soared in April, boosted by the expiration of a Government tax credit, which ended last month. According to the Commerce Department, construction of new US homes rose 5.8% in the month to a...

Published 05-18-2010 6:07 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, interest rates, US, Property News, rise, Commerce Department, boost, April, building permits, housing starts, wholesale prices, Government tax credit

World’s largest economy expands by 3.2% in Q1

Official figures have revealed the world’s largest economy continued its strong recovery after annualised growth of 3.2% was recorded in the first three months of 2010, according to the US Commerce Department. However, the figure is the first of three...

Published 05-03-2010 5:29 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, exports, growth, Commerce Department, strong, recovery, quarter one

US trade deficit widens in February

The Commerce Department today announced the US trade deficit widened to $39.7 billion (£20.8 billion) in February, as imports continued to outperform exports. The deficit was marginally higher than the $38.5 billion the market had forecast. According...

Published 04-13-2010 5:52 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, UK, US, February, deficit, exports, Commerce Department, imports, widen, traded

US consumer spending up 0.3% in February

According to the Commerce Department, consumer spending in the US rose for a fifth consecutive month in February, by 0.3%, as widely expected. The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US...

Published 03-29-2010 5:05 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, February, GDP, rise, consumer spending, Commerce Department, revised, month, consecutive, personal incomes, fifth

US Q4 economic growth figures revised downwards

The Commerce Department has revealed that the world’s no.1 economy grew at a slower rate in the fourth quarter than previous estimates showed. According to official figures, the US economy grew by an annualised 5.6% between the October and December period...

Published 03-28-2010 7:45 PM by Finance Markets: Finance News | UK Personal Financial News & Daily Finance Market News

Filed under: All Financial News, Economy News, US, figures, GDP, housing market, growth, Commerce Department, revised, downwards, Q4, estimates

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