Trade Deficit Widens as Olympics Drive Imports Higher
The U.S. trade deficit unexpectedly widened in August, as higher imports of capital goods and record purchases of services from abroad overshadowed a gain in exports.
Consumer Spending Little Changed as Income Gains Cool
Consumer spending was little changed in August as income growth cooled, pointing to a softening in consumption after a run of strong gains.
Economy Expanded at Revised 1.4% Rate in Second Quarter
The U.S. economy expanded more in the second quarter than previously estimated, reflecting a smaller drag from business spending on structures and equipment.
Orders for Durable Goods Were Little Changed in August
Orders for U.S. durable goods were little changed in August and shipments of capital equipment declined for a fourth straight month, indicating lingering weakness in manufacturing.
Sales of New Homes Retreated in August From Nine-Year High
Purchases of new U.S. homes dropped in August after surging a month earlier to the fastest pace since 2007, representing a pause in momentum within residential real estate.
Sales of Existing Homes Unexpectedly Declined in August
Sales of previously owned U.S. homes unexpectedly declined to a six-month low in August, signaling that buyers are getting discouraged by a limited selection of properties that’s kept prices high, National Association of Realtors data showed Sept. 22.
Housing Starts Declined in August on Plunge in South
New U.S. home construction fell more than projected in August as a plunge in the South, the biggest region for building, more than offset gains in the rest of the country.
Consumer Prices Rose More Than Forecast in August
The cost of living in the United States rose more than projected in August on higher shelter and health-care prices, indicating that inflation continues to move toward the Federal Reserve’s goal.
Factory Output Declines More Than Forecast in August
Output at American manufacturers fell more than economists forecast in August, a sign the industry is having trouble finding its footing.
Consumer Comfort Rebounds as Personal Finances Improve
Americans’ moods steadied last week after a slight pullback as household finances improved and consumers felt better about making purchases, according to the weekly Bloomberg Consumer Comfort Index released Sept. 8.