Source: US Census Bureau The United States trade deficit widened to nearly $87 billion in August, as imports grew at a faster pace than exports. DXY is up 0.37% The trade deficit climbed by $0.8 billion to $87.6 billion, up from $86.8 billion in July.Exports climbed $1.1 billion to $149.0 billion, while imports jumped $1.9 billion to $236.6 billion.Wholesale inventories … [Read more...] about US Trade Deficit Hits $87.6 Billion in August
Forex News
China’s Industrial Profits Slowed to 10.1% in Aug. As Industries Gears up for Power Crisis
Source: National Bureau of Statistics of China Profit growth at China’s industrial firms relaxed for a sixth month as factories struggled to overcome high commodity prices, COVID-19 outbreaks, and part shortages. CSI 300 Index up +0.13%, CNY USD up +0.01% Industrial profits increased 10.1% year on year in August to 680.3 billion yuan ($105 billion) compared with a 16.4% … [Read more...] about China’s Industrial Profits Slowed to 10.1% in Aug. As Industries Gears up for Power Crisis
Texas Manufacturing Output Rebounds in September
Source: Federal Reserve Bank of Dallas Texas manufacturing conditions posted a rebound in September, with shipment and capacity utilization up while demand fell. The production index stood at 24.2, up from 20.8 in August and from the 23.5 recorded in September last year.The shipment index climbed to 18.7, and the capacity utilization index grew to 24.5, while the demand … [Read more...] about Texas Manufacturing Output Rebounds in September
OPEC Revises 2021 Supply Growth Outlook on Outages, Hurricane Ida
Source: OPEC The Organization of the Petroleum Exporting Countries (OPEC) has revised its supply growth outlook for the year, following the outages in areas. Non-OPEC liquids supply growth for the year was downgraded by 0.17 million barrels per day from the previous month.The revision is attributed to a decline of 0.5 million barrels per day in the third quarter, given … [Read more...] about OPEC Revises 2021 Supply Growth Outlook on Outages, Hurricane Ida
US Durable Goods Climbs by Three-Month High in August
Source: US Census Bureau US durable goods orders climbed for the fourth straight month in August, marking the highest growth in three months. New orders for manufactured durable goods in August grew 1.8% to $4.6 billion to $263.5 billion, following the 0.5% climb in July.The increase was led by transportation equipment, up by $4.2 billion or 5.5% to $80.8 billion. New … [Read more...] about US Durable Goods Climbs by Three-Month High in August
