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US Commerce Department

Hong Kong shares end lower
Markets

Hong Kong shares end lower

SHANGHAI: Hong Kong shares closed lower on Tuesday, as uncertainty about the impact of the US government’s move to...
Published 09 Feb, 2022 05:46am
US wholesale inventories rise solidly in March
World

US wholesale inventories rise solidly in March

  • Wholesale inventories shot up 4.5% in March from a year earlier. Sales at wholesalers jumped 4.6% after being unchanged in February.
  • The inventory drawdown subtracted 2.64 percentage points from GDP growth last quarter.
Published 07 May, 2021 08:30pm
US factory orders decline in February
World

US factory orders decline in February

  • The Commerce Department said on Monday that factory orders dropped 0.8% after surging 2.7% in January. Economists polled by Reuters had forecast factory orders slipping 0.5% in February. Orders increased 1.0% on a year-on-year basis.
  • Unfilled orders at factories increased 0.8% in February after gaining 0.2% in January, suggesting a rebound in demand in the coming months.
Published 05 Apr, 2021 07:40pm
Harsh weather temporarily weighs on US retail sales in February
World

Harsh weather temporarily weighs on US retail sales in February

  • Retail sales dropped by a seasonally adjusted 3.0% last month, the Commerce Department said on Tuesday. Data for January was revised up to show sales rebounding 7.6% instead of 5.3% as previously reported. Economists polled by Reuters had forecast retail dropping 0.5% in February.
  • With many households set to get another round of direct checks that are more than double what they received in January, we expect spending to receive another jolt in just a few months time.
Published 16 Mar, 2021 08:39pm
US housing starts fall in January; permits soar
World

US housing starts fall in January; permits soar

  • Housing starts decreased 6.0% to a seasonally adjusted annual rate of 1.580 million units last month, the Commerce Department said on Thursday.
  • Permits for future homebuilding shot up 10.4% to a rate of 1.881 million units in January. Permits typically lead starts by one to two months.
Published 18 Feb, 2021 08:01pm
US trade deficit jumps to 12-year high in 2020
World

US trade deficit jumps to 12-year high in 2020

  • The Commerce Department said on Friday that the trade deficit jumped 17.7% to $678.7 billion last year.
  • Trade flows have been gradually improving. For December, the trade deficit narrowed 3.5% to $66.6 billion.
Published 05 Feb, 2021 07:48pm