The U.S. foreign trade deficit improved slightly in June, about as expected, versus a record May deficit that was deepened slightly. Trade deficits in 2Q02 ran at a $444.6B annual rate versus a $373.3B rate in 2Q01. Exports rose [...]
Global| Aug 20 2002
U.S. Trade Deficit Improved in June
by:Tom Moeller
|in:Economy in Brief
Global| Aug 19 2002
Leading Indicators Fall
The Composite Index of Leading Economic Indicators fell slightly less than expected last month. It was the third decline in the index during the last four months. June figures were revised down and now show a decline versus the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 13 2002
July Retail Sales Rose; June Revised Higher
Retail sales increased 1.2% in July according to the Advance Monthly Sales for Retail and Food Services, after a revised increase of 1.4% in June. Sales of motor vehicle and parts dealers rose 4.2% in each month as a result of zero- [...]
Global| Aug 09 2002
Nonfarm Productivity Firm
Nonfarm labor productivity grew more than expected last quarter. Consensus estimates were for a 0.8% rate of growth. Revisions to productivity left 1Q02 growth unchanged at 8.6% but 2001 growth was lowered to 1.1% from 1.8%. Growth in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 09 2002
Nonfarm Productivity Firm
Nonfarm labor productivity grew more than expected last quarter. Consensus estimates were for a 0.8% rate of growth. Revisions to productivity left 1Q02 growth unchanged at 8.6% but 2001 growth was lowered to 1.1% from 1.8%. Growth in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 08 2002
Producer Prices Fell
Finished producer prices were weak last month, falling instead of rising 0.2% as the Consensus expected. It was the third decline in producer prices this year. Excluding food and energy prices also were weaker than expectations for a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 07 2002
Import Prices Rose Sharply
Prices for imported commodities rose twice the Consensus expectation last month. June figures were revised up. Petroleum import prices reversed all of their June decline. So far in August, the price of Arab Light crude oil is up [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 06 2002
Weekly Chain Store Sales Tick Higher
Chain store sales rose 0.1% following a 0.4% dip the prior week according to the BTM-UBSW survey. Sales began the month of August about even with the average for July. During the last five years there has been a 61% correlation [...]
by:Tom Moeller
|in:Economy in Brief
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