Trade Gap With China Narrows as Exports Hit Five-Month High
The United States’ merchandise trade deficit with China narrowed in August as exports rose to a five-month high, a possible sign of goodwill from the Asian nation as the countries try to resolve their trade war.
Services Gauge Drops to Three-Year Low
America’s service industries joined manufacturing in taking a big step back last month, fueling concerns that the global slowdown and trade war are weighing more on the broader economy. Stocks, the dollar and Treasury yields all fell after the report.
Factory Gauge Hits 10-Year Low as Employment Wobbles
A measure of U.S. manufacturing unexpectedly fell deeper into contraction, posting the weakest reading since the end of the last recession as a global slowdown and the U.S.-China trade war increasingly weigh on the sector.
Home Price Index Rises at Slowest Pace Since 2012
Home-price gains in 20 U.S. cities decelerated in July for a 16th straight month, as values proved still too elevated for buyers despite low mortgage rates.
Home Construction Jumps to Highest Level Since 2007
U.S. home construction surged in August to the fastest pace since mid-2007 on more apartment projects and single-family houses, a welcome sign for the housing sector that has struggled to gain momentum.
Job Growth Misses Estimates in August With 130,000 Increase
Companies’ hiring stumbled in August, likely cementing expectations for a second straight Federal Reserve interest-rate cut as trade uncertainty and softer global growth weigh on the outlook.
Consumer Comfort Climbs to Five-Week High
U.S. consumer comfort bounced back to a five-week high as assessments of personal finances reached the second-highest level since 2000, offering hope American households can continue to fuel the economic expansion.
Consumer Sentiment Falls Most Since 2012
U.S. consumer sentiment fell the most in six years, slumping to the lowest level of Donald Trump’s presidency as Americans expressed concern about how his tariffs will affect the economy.
US Goods-Trade Deficit Narrowed to Three-Month Low
The U.S. merchandise-trade deficit unexpectedly narrowed in July to a three-month low as exports picked up and imports declined.
Consumer Confidence Fell Less Than Forecast in August
U.S. consumer confidence declined in August by less than forecast as Americans’ assessment of current conditions climbed to the highest level in almost 19 years, helped by a job market that remains robust.