- Wednesday, 06 September 2017
- News
ISM Non-Manufacturing PMI increased to 55.3
Economic activity in the non-manufacturing sector grew in August for the 92nd consecutive month, say the nation’smpurchasing and supply executives in the latest NonManufacturing ISM® Report On Business®. The NMI® registered 55.3 percent. This represents continued growth in the non-manufacturing sector at a faster rate. The NonManufacturing Business Activity Index increased to 57.5 percent, 1.6 percentage points higher than the July reading of 55.9 percent, reflecting growth for the 97th consecutive month, at a faster rate in August.
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- Wednesday, 06 September 2017
- News
US Trade Balance deficit rose to $43.7 billion
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.
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- Tuesday, 05 September 2017
- News
US Factory Orders in line with market expectations
New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but orders for capital goods were stronger than previously reported, pointing to robust business spending at the start of the third quarter. Factory goods orders tumbled 3.3 percent amid a slump in demand for transportation equipment, the Commerce Department said on Tuesday. That was the biggest drop since August 2014. June’s data was revised to show orders rising 3.2 percent instead of the previously reported 3.0 percent surge.
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- Thursday, 31 August 2017
- News
Pending Home Sales declined by 0.8%
The Pending Home Sales Index a forward-looking indicator based on contract signings, decreased 0.8 percent to 109.1 in July from a downwardly revised 110.0 in June. After last month’s decline, the index is now 1.3 percent below a year ago and has fallen on an annual basis in three of the past four months. Lawrence Yun, NAR chief economist, says the staggering inventory woes throughout the country continue to stall contract activity.
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