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Monthly archive July, 2019

U.S. Housing Starts Drop 0.9% In June, Building Permits Plunge To Two-Year Low

Reflecting a steep drop in multi-family housing starts, the Commerce Department released a report on Wednesday showing a bigger than expected decrease in new residential construction in the month of June. The report also unexpectedly showed a substantial pullback in Read More →

Fed’s Beige Book Indicates Positive Outlook Despite Trade-Related Uncertainty

A report from the Federal Reserve on Wednesday said economic activity continued to expand at a modest pace overall from mid-May through early July. The Fed referenced widespread concerns about the possible negative impact of trade-related uncertainty but said the Read More →

Singapore Exports Decline More-Than-Forecast

Singapore's exports declined sharply at a faster-than-expected pace in June as trade disputes weighed heavily on both electronics and non-electronics shipments, data from Enterprise Singapore showed Wednesday. Non-oil domestic exports declined 17.3 percent year-on-year in June, after decreasing 16.3 percent Read More →

U.S. Business Inventories Rise Slightly Less Than Expected In May

The Commerce Department released a report on Tuesday showing U.S. business inventories increased by slightly less than expected in the month of May. The report said business inventories rose by 0.3 percent in May after climbing by 0.5 percent in Read More →

China Factory Prices Fail To Rise For First Time In 3 Years

China's factory prices in June were unchanged from a year ago after an almost three-year long sequence of increases, raising concerns of a return of deflation in the industrial sector. Meanwhile, consumer price inflation was steady despite a further rise Read More →

Powell Says Crosscurrents Continue To Weigh On U.S. Economic Outlook

Reigniting optimism about a near-term interest rate cut, Federal Reserve Jerome Powell is prepared to tell lawmakers that crosscurrents have continued to weigh on the U.S. economic outlook since the central bank's June meeting.Original Article Read More →