The U.S. economy grew at a better-than-expected 2.5% rate in the third quarter, the U.S. Commerce Department announced Tuesday, in its second estimate for the quarter. Higher exports, investment, and increased consumer spending quickened the pace of co…
Manufacturing activity in the mid-Atlantic region unexpectedly surged in November. The Philly Fed’s Business Outlook Survey index jumped to 22.5 in November from 1 in October, its highest reading since December 2009.
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The nation’s factories continue to show signs that they will support economic growth in the immediate quarters ahead, as manufacturing output rose 0.5% in October — the sector’s biggest gain in three months — the Federal Reserve announced Tuesday.
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Aided by a decline in imports and a two-year high in exports, the U.S. trade deficit unexpectedly plunged 5.3% in September to $44 billion. Strong commercial airline orders helped boost the export total. Further, if the dollar …
China posted its second-largest trade surprlus of the year in October, giving further ammunition to critics who say that the country’s currency should be stronger.
The country’s October exports were worth $27.15 billion more than its imports for the month, the largest figure for any month this year except July, MarketWatch reported.
Critics charge that China keeps the value of its…
Continue reading China Trade Surplus Grows to $27 Billion
China Trade Surplus Grows to $27 Billion originally appeared on DailyFinance on Wed, 10 Nov 2010 07:06:00.