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Aircraft Orders Carry Durable Goods Higher Than Expectations

Durable goods orders increased more than estimated in February, thanks to a second consecutive surge in orders for commercial aircrafts and more demand for electrical goods and appliances. The Commerce Department reported an overall 1.7 percent increase in durable goods orders, and an upward adjustment to 2.3 percent for January’s […]

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The Cost of being Made in Trump’s America

An import tax on goods crossing the Mexico-U.S. border would make American brand cars more expensive than some foreign brand cars, and it would take years before domestic factories could make American brand cars more cost-efficient. President Donald Trump floated the idea of a 20% tax on goods imported from […]

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Trade Deficit Soars to Highest Level in Nearly Five Years

The U.S. trade deficit in January widened to its highest level since March 2012 – unwelcome news for the Trump administration, which recently decried deficits as potential threats to national security. January’s trade deficit was 9.6 percent higher than in December, as the gap between imports and exports grew to […]

Increase in January’s Durable Good Orders, Promising for 2017

Increase in January’s Durable Good Orders, Promising for 2017

The first durable good orders report for 2017 showed an overall increase, but the uptick is largely due to large commercial and military aircraft orders and increased consumer spending. Durable goods are products intended to last at least three years. Of these goods, ransportation and defense goods are the most […]

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Trade Deficit Narrows, Ending Widest Year Since 2012

The U.S. trade deficit narrowed slightly in December as exports outpaced imports, a welcome development for President Donald Trump as he sets out to shrink the gaps with America’s trading partners. The trade deficit for December was $44.3 billion. U.S. goods and services sold abroad in December surpassed imports by […]

Key things to watch in the Personal Income and Outlays report

At 8:30 on Friday, the U.S. Department of Commerce will release its monthly report on Personal Income and Outlays for March. Economists polled by Bloomberg predict a modest rise for the Personal Income, with a median estimate of 0.3% gain. The median estimate on the consumptions is at a weak […]

5 Things To Watch For In The Durable Goods Report

The Commerce Department publishes its first look at the durable goods report at 8:30 a.m. EST Tuesday. Economists expect the headline figure to increase 1.9 percent. That would be a moderate gain from 1 percent decline last month. Here’s what to look for in the report. 1. Boeing effect The […]

Five Things to Watch in the March Housing Starts Report

Five Things to Watch in the March Housing Starts Report

At 8:30 this morning, the Census Bureau will release its monthly report on housing starts for March. Economists polled by Bloomberg predicted a modest drop in housing starts for March, with a median estimate of 1.16 million, slightly down from February’s seasonally adjusted rate of 1.2 million. Economists attribute the […]

Five things to watch in March retail sales

Q1 is almost in the books and so far it’s been a weak quarter for retail sales. At 8.30 AM today the Department of Commerce delivers the last piece in the puzzle. Expectations in the market are a small 0.1 increase in the headline number but the main event is […]