Browsing: Economy

Economy

The U.S. international trade deficit widened in May to $41.9 billion, up $1.2 billion from April. The increase reflects a $1.5 billion decrease in exports and $0.3 billion decrease in imports.

Economy

New orders for manufactured goods fell 0.1 percent in May to $470.5 billion, the Commerce Department said today. The decline followed a 0.7 percent rise the month before. Shipments were down 0.1 percent, landing at $482.1 billion. Inventories were $649.7 billion, virtually unchanged.

Economy

The ISM Manufacturing Index rose to 53.5 points in June, tying the highest reading of the year. Index readings above 50 indicate expansion in the manufacturing economy. Of the 18 component industries, 11 reported growth, down from 14 in May. Some respondents noted that a downturn in oil and gas markets is impacting demand, while others noted that business is soft in Europe and declining in Asia.

Economy

Construction spending increased 0.8 percent in May to a seasonally adjusted annual rate (SAAR) of $1,035.8 billion. April spending was revised up from $1,006.1 billion to $1,027.0 billion. Construction spending during the first five months of 2015 amounted to $382.1 billion, 5.9 percent higher than in the first 5 months of 2014.

Economy

According to the ADP National Employment report, the private sector added 237,000 jobs in June, as both the goods-producing and service-providing sectors experienced increased job growth. The June report upwardly revised the May and April headline numbers by 2,000 and 14,000 respectively.

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