The U.S. foreign trade deficit narrowed in September somewhat more than expected. At $56.5B versus an unrevised $59.1B during August, the deficit was its smallest since last October. So far this year the monthly trade deficit has [...]
Global| Nov 13 2008U.S. Trade Deficit Shrank With Lower Oil Prices & Recession
by:Tom Moeller
|in:Economy in Brief
Global| Nov 13 2008U.S. Trade Deficit Shrank With Lower Oil Prices & Recession
The U.S. foreign trade deficit narrowed in September somewhat more than expected. At $56.5B versus an unrevised $59.1B during August, the deficit was its smallest since last October. So far this year the monthly trade deficit has [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 12 2008Euro Area Production Tanks in September
Euro Area industrial output (IP) fell sharply in October dropping by its largest amount in over five years. In Sept MFG IP is dropping across all major product groupings just as it did in August and nearly did so in July. In the EMU [...]
Global| Nov 12 2008Commodity Prices, Inflation and Expectations
Weakening economic growth in the U.S. as well as in other industrial countries has sapped what had been, until early this past summer, pronounced strength in commodity prices. Since then, copper prices, corn prices, crude oil and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 12 2008Commodity Prices, Inflation and Expectations
Weakening economic growth in the U.S. as well as in other industrial countries has sapped what had been, until early this past summer, pronounced strength in commodity prices. Since then, copper prices, corn prices, crude oil and [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 11 2008German Investors A Bit Less Pessimistic About The Outlook Merchants In Japan More Pessimistic Than Ever
Investors in Germany appear to be encouraged by the steps the central bank and the government have taken in recent weeks to deal with the economic slowdown. The European Central Bank reduced it key rate by 50 basis points on October 8 [...]
Global| Nov 11 2008U.S. Chain Store Sales Dropped
According to the International Council of Shopping Centers-Goldman Sachs Index, chain store sales dropped 1.0% last week from the last week in October. That wasn't the first sign of severe weakness in sales. There was one weekly [...]
by:Tom Moeller
|in:Economy in Brief
Global| Nov 11 2008U.S. Gasoline Prices Lowest Since February 2007. Demand Fell Further
The retail price for a gallon of regular gasoline fell by another eighteen cents last week after the twenty six cent drop during the prior week, according to the U.S. Department of Energy survey. The price of $2.22 was the lowest [...]
by:Tom Moeller
|in:Economy in Brief
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