US

ship with liquefied natural gas storage

US Poised to Surpass Qatar and Australia as Top LNG Exporter in 2023

Recent U.S. tanker tracking data has unveiled a remarkable surge in liquefied natural gas (LNG) exports, setting both monthly and annual records in December 2023. Analysts anticipate this surge will position the United States as the leading LNG exporter, surpassing both Qatar and Australia in the same year. Experts, including the Director of global gas […]

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US National Debt Surpasses $34 Trillion as Deadline Looms for Temporary Budget Extension

The US Treasury Department’s recent report has unveiled a concerning milestone: the total federal public debt of the United States has surpassed $34 trillion for the first time in history. Simultaneously, members of Congress are urgently navigating discussions around a temporary budget allocation to sustain expenditures in the upcoming weeks. In its daily fiscal report

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green and yellow crane

US Construction Spending in November Falls Short of Expectations

The latest report from the US Department of Commerce highlights that construction spending in November saw a modest increase of 0.4% month-on-month. This figure fell below analysts’ projections, which had anticipated a 0.6% uptick following a 1.2% rise in October. However, when viewed on a yearly basis, November witnessed a substantial surge in construction spending,

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man wearing orange hard hat

US Manufacturing PMI Contracts Further in December, Hits Lowest Level Since August

According to data released by S&P Global, the US Final Manufacturing Purchasing Managers’ Index (PMI) declined to 47.9 in December. This figure marks a notable drop from November’s 49.4 and falls below the preliminary estimate of 48.2, representing the lowest reading since August. The persistent downward trend keeps the PMI below the crucial 50-mark, indicating

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U.S. Records Lowest Pending Home Sales Index in Over 20 Years

The National Association of Realtors (NAR) disclosed that its Pending Home Sales Index remained stagnant at 71.6 in November, marking its lowest point in more than two decades since the index’s inception in 2001. Contrary to analysts’ expectations of a 1% upsurge, the index’s stability underscored a concerning trend in the housing market. Comparing year-on-year

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house lights turned on

U.S. Home Prices Surge in October, Reveals S&P CoreLogic Case-Shiller Survey

Recent data from the S&P CoreLogic Case-Shiller survey has unveiled a substantial surge in home prices across the United States during the month of October. The national home price index in the U.S. experienced a notable 4.8% year-over-year increase in October, marking the most significant uptick recorded this year, compared to the 4.0% rise observed

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man standing in front of counter

US November Consumer Spending Meets Expectations, Personal Income Rises as Forecasted

The US Department of Commerce has disclosed that personal spending by American consumers exhibited a modest increase of 0.2% in November, aligning precisely with analysts’ projections. This uptick from October’s 0.1% indicates a steady yet cautious growth trajectory in consumer expenditure. Simultaneously, personal income in the United States experienced a parallel rise of 0.4% in

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mother and daughter looking at each other while holding food

US November PCE Index Shows Slight Deceleration in Inflation, Below Analyst Projections

The US Department of Commerce has released data indicating a moderated increase in the Headline Personal Consumption Expenditures (PCE) Price Index for November, marking a 2.6% year-on-year rise. This figure falls slightly below analysts’ expectations of 2.8% and reflects a decrease from October’s recorded 2.9%. Examining the monthly trends, the general PCE index experienced a

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white and orange airliners

US Durable Goods Orders Surpass Expectations, Signaling Robust Economic Growth

According to the latest data released by the US Department of Commerce, orders for durable goods in the United States exhibited a remarkable surge in November, recording a substantial 5.4% increase. This upturn, which encompasses orders for long-lasting items such as airplanes, cars, and heavy machinery with a lifespan of three years or more, marks

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