October Trade Deficit Up 8.6%, Revisions Whack 3rd Quarter GDP

The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a broad decline in imports hinted at a slowdown in domestic demand......»»

The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a fall in imports of consumer goods hinted at a slowdown in domestic demand......»»

The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a fall in imports of consumer goods hinted at a slowdown in domestic demand......»»

The report came on the heels of recent upbeat October data on the goods trade deficit, housing and manufacturing that led economists to boost their gross domestic product estimates for the fourth quarter......»»

The U.S. trade deficit in goods climbed 5.5% in November to a new record high, reflecting weaker U.S. exports tied to the coronavirus pandemic. The trade gap in goods increased to $84.8 billion in November from a revised $80.4 billion in October......»»

U.S. business inventories fell as expected in January, suggesting that any lift to gross domestic product in the first quarter from a shrinking trade deficit was likely to be offset by a slow pace of inventory accumulation......»»

The U.S. trade deficit dropped for the first time in six years in 2019 as the White House's trade war with China curbed the import bill, helping the economy to continue growing moderately in the fourth quarter despite a slowdown in consumer spending......»»

The U.S. economy grew slightly faster than 2% in the final three months of 2019, aided by a temporary plunge in imports and a resurgent housing market. The modest rate of growth likely foreshadows what lies ahead......»»

The U.S. economy grew slightly faster than 2% in the final three months of 2019, aided by a temporary plunge in imports and a resurgent housing market. The modest rate of growth likely foreshadows what lies ahead......»»

WASHINGTON (MarketWatch) - The U.S. economy grew at a 2.1% annual pace in the fourth quarter, getting a big but temporary boost from a sharply lower trade deficit. Economists polled by Market.....»»

The U.S. economy grew slightly faster than 2% in the final three months of 2019, aided by a temporary plunge in imports and a resurgent housing market. The modest rate of growth likely foreshadows what lies ahead......»»

The U.S. economy grew slightly faster than 2% in the final three months of 2019, aided by a temporary plunge in imports and a resurgent housing market. The modest rate of growth likely foreshadows what lies ahead......»»

The U.S. trade deficit in goods jumped 8.5% in December, reflecting a big increase in imports after trade tensions with China eased......»»

The U.S. trade deficit fell to a more than three-year low in November as imports declined further, weighed down by the Trump administration's trade war with China, and exports rebounded, suggesting solid economic growth in the fourth quarter......»»

Mainstream economists say the trade deficit reflects an economic reality that doesn’t yield much to changes in government policy......»»

The nation’s trade deficit dropped almost 8% in October to a 16-month low, largely because of lower imports from China tied to the ongoing U.S. trade dispute with the Asian giant. The deficit slid to $47.2 billion from $51.1 billion......»»

The U.S. goods trade deficit fell sharply in October as both exports and imports declined, pointing to a continued reduction in trade flows that has been blamed on the Trump administration' "America First" policy......»»

An early look at U.S. trade patterns in October showed a nearly 6% decline in the nation’s trade deficit in goods. The gap was the lowest level in 17 months, but the U.S. is still likely to post the biggest deficit in 2019 in 11 years......»»

Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on housing starts and permits for October will be released at 8:30 a.m. ET. The Census Bureau quarterly services report for the third quarter and e-com.....»»

World stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third quarter, adding to concerns about the U.S.-China trade war's impact on global growth......»»