The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in Octo...
WASHINGTON - The U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in October, suggesting trade could contribute to economic growth in the fourth quarter, though a broad decline in imports hinted at a slowdown in domestic demand.
The Commerce Department said the trade deficit tumbled 7.6% to $47.2 billion, the smallest since May 2018, as both imports and exports of goods declined. It was the second straight monthly drop in the trade bill and the percent drop was the biggest since January. While Washington and Beijing are working on a “phase one” trade deal, the United States has ratcheted up tensions with other trade partners including Brazil, Argentina and France.
In a second report on Thursday, the Commerce Department said factory orders increased 0.3% in October, but shipments were unchanged and unfilled orders barely rose, indicating the manufacturing downturn could persist for a while. Employment gains have slowed this year, averaging 167,000 per month compared with an average monthly gain of 223,000 in 2018, because of ebbing demand and a shortage of workers. But the pace of hiring has been more than the roughly 100,000 jobs needed per month to keep up with growth in the working-age population.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. trade deficit at 1-1/2-year low; labor market strongThe U.S. trade deficit dropped to its lowest level in nearly 1-1/2 years in Octo...
Baca lebih lajut »
US trade deficit drops in October to lowest level in more than a yearThe U.S. trade deficit fell in October to its lowest level in more than a year as exports and imports both slid for the month.
Baca lebih lajut »
Euro zone growth curbed by trade, retail sales sharplyThe euro zone economy grew at a modest pace in the third quarter with a negative...
Baca lebih lajut »
Amazon faces U.S. antitrust scrutiny on cloud business: BloombergU.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc...
Baca lebih lajut »
Proper U.S.-China trade deal more important than timing: U.S. Commerce chiefU.S. Commerce Secretary Wilbur Ross on Tuesday rejected any deadlines on a trade...
Baca lebih lajut »
Trump comments, Uighur bill hit prospects of U.S.-China trade dealPresident Donald Trump's comments that a trade deal with China might have to wait until late 2020 raised fresh doubts on when the dispute might end, while a U.S. House bill targeting camps for Muslims in Xinjiang drew Beijing's ire
Baca lebih lajut »