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You don't need to read the numbers to know that you are paying more to gas up your vehicle. Gasoline prices have risen about 14% last month. The Labor Department reported that consumer prices rose 0.4% in November. The core rate that excludes food and energy was flat. The core rate is meaningless because food and energy are the key costs that affect all Americans.

The Commerce Department reported that new home construction rose 8.9% in November to a seasonally adjusted rate of 574,000 units. That was stronger than economists had predicted. Applications for new building permits were also up 6.0% to 584,000.

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Energy costs push consumer prices higher originally appeared on BloggingStocks on Wed, 16 Dec 2009 11:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>building permitsconsumer pricescurrent account deficitfeaturedhome constructioninthenewsWed, 16 Dec 2009 11:10:00 EST<![CDATA[U.S. Q3 current account deficit declines -- better, but still not good]]>http://www.bloggingstocks.com/2007/12/17/u-s-q3-current-account-deficit-declines-better-but-still-no/http://www.bloggingstocks.com/2007/12/17/u-s-q3-current-account-deficit-declines-better-but-still-no/http://www.bloggingstocks.com/2007/12/17/u-s-q3-current-account-deficit-declines-better-but-still-no/#commentsFiled under: , , ,

The U.S.'s current account deficit decreased to $178.5 billion in Q3 2007, down from a revised $188.9 billion in Q2 2007, the U.S. Commerce Department announced Monday, as exports of capital goods and motor vehicles increased.

Economists had expected [subscription required] a Q3 2007 account deficit of about $184 billion. The Q3 2007 current account stat represents the smallest account deficit as a percent of the U.S. economy since Q1 2004.

The Q3 2007 account deficit was roughly 5.1% of U.S. GDP using a closing Sept. 2007 GDP of $13.967 trillion. That's down from 5.5% of GDP using a closing June 2007 GDP of $13.769 trillion.

Small victory

In Q3 2007, imports of goods rose to $497.6 billion from $483.6 billion in Q2 2007, but exports of goods rose even more, to $297.9 billion from $279.3 million. Meanwhile, the trade of services rose to a surplus of $26.5 billion from $25.8 billion.

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U.S. Q3 current account deficit declines -- better, but still not good originally appeared on BloggingStocks on Mon, 17 Dec 2007 14:12:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>AsiaChinaconsumer spendingcurrent accountcurrent account deficitemerging marketsEuropeexportsGDPimportsIndiainthenewsLatin AmericatradeU.S. Commerce DepartmentU.S. economyMon, 17 Dec 2007 14:12:00 EST