Tag US

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U.S. housing starts drop 4.2% in October

The U.S. Department of Commerce reported that new residential construction in October fell 4.2% from the previous month to 1.425 million units. The figures for housing starts were impacted by an increase in the price of building materials and the…

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U.S. business inventories lower than expected in September

According to the U.S. Department of Commerce, business inventories rose 0.4% in September from the previous month, following a 0.9% increase in August. Year-over-year, business inventories rose 17.8% in September Retail inventories rose by 0.4% and wholesale inventories by 0.6%.…

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U.S. retail sales rose in October

According to the U.S. Commerce Department, retail sales rose 1.3% in October after leveling off in September. Retail sales were boosted by rising car sales, and the rebound in gasoline prices boosted sales at gas stations. In addition, Amazon’s Prime…

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U.S. wholesale inventories rise less than expected in September

According to the U.S. Commerce Department, wholesale inventories rose 0.6% in September from the previous month, following a 1.4% increase in August. Compared with the same month a year ago, wholesale inventories rose by 24.1% in September. Wholesale sales rose…

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Number of initial jobless claims in the U.S. declines

The Labor Department reported that initial jobless claims fell by 1,000 to 217,000, while analysts had expected an increase of 220,000. The number of claimants for unemployment benefits is above 215,000, the weekly average in the pre-COVID-19 pandemic period in…

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