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Anonymous ID: 4d04f6 Jan. 7, 2020, 7:43 a.m. No.7740457   🗄️.is 🔗kun

BEAST01 WUT02 MAXX01 F-16's coupla others too. you do not often see these transponders on. Training and sum fun

 

not a notable. the NICE OKIE SOONR wasn't either. just for keks

Anonymous ID: 4d04f6 Jan. 7, 2020, 7:52 a.m. No.7740519   🗄️.is 🔗kun   >>0590 >>0787 >>0915 >>1050

Declining imports push U.S. trade deficit to three-year low

 

The U.S. trade deficit fell to a more than three-year low in November as imports declined further, likely weighed down by the Trump administration’s trade war with China, and exports rebounded, suggesting the economy ended 2019 on solid footing. The strength in the economy was underscored by other data on Tuesday showing activity in the vast services sector picking up in December. But services industries reported a moderation in growth in new orders and hiring. That is in line with expectations that economic growth would slow in 2020 as the stimulus from 2018 tax cuts fades.

 

The Commerce Department said the trade deficit decreased 8.2% to $43.1 billion, the smallest since October 2016. The percentage drop was the largest since January.

 

The trade deficit narrowed 0.7% through November and is on track to record its first annual decline since 2013. While the shrinking trade bill should provide a boost to gross domestic product in the fourth quarter, falling consumer goods imports also suggest a cooling in domestic demand.

 

Data for October was revised to show the trade gap declining to $46.9 billion instead of the previously reported $47.2 billion. Economists polled by Reuters had forecast the trade gap narrowing to $43.8 billion in November.

 

The goods trade deficit with China, the focus of the White House’s “America First” agenda tumbled 15.7% to $26.4 billion, with imports dropping 9.2% and exports jumping 13.7%. The goods trade gap with the European Union fell 20.2% to $13.1 billion.

 

In a separate report on Tuesday, the Institute for Supply Management (ISM) said its non-manufacturing activity index rose to a reading of 55.0 last month from 53.9 in November. A reading above 50 indicates expansion in the services sector, which accounts for more than two-thirds of U.S. economic activity. The dollar rose against a basket of currencies. U.S. Treasury prices were higher, while stocks in Wall Street fell.

 

The Atlanta Federal Reserve is forecasting GDP increasing at a 2.3% annualized rate in the fourth quarter. The economy grew at a 2.1% pace in the third quarter. In November, goods imports dropped 1.4% to $201.1 billion, declining for a third straight month. Consumer goods imports fell $1.0 billion, pulled down by declines in cellphones and other household items, and artwork and other collectibles.

https://www.reuters.com/article/us-usa-economy/declining-imports-push-u-s-trade-deficit-to-three-year-low-idUSKBN1Z61NB