Trade Balance in USA
USA - Trade Balance
Economic growth moderated in the second quarter as falling fixed investment and a weak external sector dragged on growth. Nevertheless, American consumers continued to buttress growth in Q2, with household spending rising robustly over the quarter, and this trend has likely continued into Q3. In July, retail sales were surprisingly strong, consumer confidence recovered and the jobs report highlighted a healthy labor market. That said, the manufacturing sector slowdown persisted in the same month, with the ISM index falling to a near three-year low, weighed on by waning external demand amid the ongoing trade dispute with China. With regards to the latter point, the recent escalation in trade tensions suggests a swift resolution to the trade war is highly unlikely, which will drag on growth ahead and could prompt the Federal Reserve to further loosen monetary policy.United States - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | -700.5 | -749.9 | -761.9 | -749.8 | -805.2 |
United States Trade Balance Chart
United States Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.47 | -0.43 % | Sep 04 |
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 26,355 | 0.02 % | Sep 04 |
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Economic News
United States: U.S. Fed cuts rates a second time in September in another insurance move against growing headwinds
September 18, 2019
At its 17–18 September monetary policy meeting, the Federal Reserve’s Open Market Committee (FOMC) voted to cut its target range for the federal funds rate to 1.75%–2.00%.
United States: U.S. retail spending remains resilient in August
September 13, 2019
Nominal retail sales increased 0.4% over the prior month in seasonally-adjusted terms in August, down from the revised 0.8% rise registered in July (previously reported: +0.7% month-on-month) but exceeding market expectations of softer 0.2% growth.
United States: Inflation eases in August
September 12, 2019
Consumer prices rose 0.1% over the prior month in August, down from the 0.3% increase registered in July.
United States: Non-farm payrolls make more modest gains in August
September 6, 2019
The labor market continues to be in good standing midway through the third quarter, however details of the August jobs report shows signs of weakening economic momentum.
United States: ISM manufacturing index falls into contractionary territory for first time in three years
September 3, 2019
The Institute for Supply Management (ISM) manufacturing index fell to 49.1 in August from 51.2 in July, the lowest reading since January 2016.
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