Sunday, 24 June 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Trade Gap in U.S. Narrows to 11-Month Low as Exports Increase
Thursday, 5 October 2017 19:47 WIB | UNITED STATES |Ekonomi AS

Improving global demand and a weaker dollar are helping boost U.S. exports, with the trade deficit narrowing to an 11-month low in August, Commerce Department data showed Thursday. 

Highlights of Trade (August) :

Deficit decreased 2.7% to $42.4b (est. $42.7b) from a revised $43.6b in the prior month. 

Exports rose 0.4% to $195.3b, highest since December 2014, led by pharmaceuticals, cars, telecommunications equipment.

Imports fell 0.1% to $237.7b on industrial supplies, capital goods.

The report indicates that an improving picture for the global economy is supporting demand for American goods and services. Exports of capital goods and non-petroleum exports were both the highest since April 2015, while the goods deficit was the smallest since October 2016.

At the same time, the merchandise-trade deficit with China, not adjusted for seasonal fluctuations, was the widest since September 2015 at $34.9 billion.

Trade and inventories are the two volatile components that feed into the government™s calculation of gross domestic product. In the last 12 quarters, for example, trade has contributed to growth five times and subtracted in seven periods.

 

Source: Bloomberg

RELATED NEWS
Jobless claims drop fourth week in a row to 218,000...
Thursday, 21 June 2018 19:48 WIB

Jumlah orang Amerika yang kehilangan pekerjaan mereka jatuh untuk minggu keempat berturut-turut pada pertengahan Juni, mempertahankan tingkat PHK di dekat level yang terakhir terlihat pada awal tahun ...

Existing-home sales sink as tight supply smothers market...
Wednesday, 20 June 2018 21:28 WIB

Penjualan rumah yang sudah ada berada pada tingkat tahunan yang disesuaikan sebesar 5,43 juta secara musiman di bulan Mei, turun 0,4% dari April, National Association of Realtors mengatakan Rabu. Pen...

Housing starts roar to an 11-year high in May...
Tuesday, 19 June 2018 20:00 WIB

Housing starts AS melonjak pada tingkat tahunan yang disesuaikan secara musiman sebesar 1,35 juta per tahun pada bulan Mei, Departemen Perdagangan mengatakan Selasa. Izin pembangunan berada pada tingk...

Manufacturing picks up steam in May, ISM survey says...
Friday, 1 June 2018 21:14 WIB

Institute for Supply Management mengatakan hari Jumat bahwa indeks manufaktur naik ke pembacaan 58,7%, naik 1,4 poin persentase dari April dan tingkat tertinggi dua bulan. Ekonom yang disurvei oleh M...

U.S. gains 223,000 jobs in May; unemployment falls to 3.8%...
Friday, 1 June 2018 19:49 WIB

AS menciptakan 223.000 pekerjaan baru pada bulan Mei, kenaikan kuat lainnya yang menurunkan tingkat pengangguran ke level terendah 18 tahun di 3,8%. Ekonom yang disurvei oleh MarketWatch mengharapkan...

POPULAR NEWS
Gold settles at fresh 2018 low as dollar index taps 11-month high

Gold prices marked a third straight session...

Oil Trades Near $66 as OPEC Moves Closer to Output Boost Deal

Oil traded near $66 as OPEC and its allies...

Gold Prices Edge Up After Flash PMI Data Disappoints

The gold market saw a small uptick after the...

LATEST NEWS
HK stocks post biggest weekly loss in 3 months amid trade war fears (Review)

Hong Kong™s benchmark stock index ended slightly higher on Friday, but posted its biggest weekly loss in three months amid escalating trade tensions between Beijing and Washington. The Hang Seng index rose 0.2 percent to 29,338.70, while the...

Dow Halts Skid at 8 Straight Sessions, But Stock Market Ends The Week Lower Amid Trade Jitters

The Dow Jones Industrial Average on Friday closed higher, ending an eight-session slide that drove the broader market to weekly loss, amid rising global trade tensions. The Dow closed up about 120 points, or 0.5%, at 24,581, avoiding a nine-day...

Oil Ends Week With a Rally After OPEC Agrees to Smaller-Than-Expected Production Boost

Oil prices rallied Friday, with U.S. prices jumping nearly 6% for the week, as OPEC members agreed to raise output, but by an amount that appears to be less than traders had anticipated. August West Texas Intermediate crude on the New York...