U.S. international trade deficit decreases in August
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was...
Economy
Back to balance sheet basics
Balance sheet management concerns—net interest margin, cost of funds, core deposit growth—dominate banker concerns in the newest CSBS survey.
New orders for manufactured goods increased in August
New orders for manufactured goods increased 1.2% to $586.1 billion in August, the U.S. Census Bureau reported Wednesday. This followed...
ISM: Service sector expanded in September
The ISM Services Index decreased 0.9 percentage points (pp) to 53.6% in September—the ninth consecutive month of expansion for the...
ISM Manufacturing rises in September
The U.S. manufacturing sector contracted in September, Manufacturing PMI® registered 49%, 1.4 percentage points (pp) higher than the 47.6% recorded...
Fed’s Barr: Rates may be held at restrictive level for some time
The Federal Reserve must “proceed carefully” as it considers making monetary policy more restrictive to rein in inflation, with the...
Construction spending increases in August
Construction spending during August 2023 was estimated at a seasonally adjusted annual rate of $1,983.5 billion, 0.5% above the revised...
Second quarter GDP (Third Estimate) increases 2.1%
Real GDP grew at an annual rate of 2.1% in the second quarter of 2023, according to the “third” estimate...
New home sales decreased in August
New single-family home sales decreased to a seasonally adjusted annual rate of 675,000 in August, according to the U.S. Census...
ABA: Bank economists see weakening credit conditions through end of 2024
Credit quality and availability will weaken over the next six months for both consumers and businesses, according to the latest...
