- Exports dropped 1.6% in August, continuing July’s downward trend.
- Imports rose 0.7% yet have so far posted a trade negative for the quarter.
- The trade deficit hit $75.8 billion, yet analysts believe this gap will narrow slightly once more 3rd quarter data emerges.
ECONOMIC CALENDARMonday: PMI Manufacturing Index, Construction Spending Wednesday: PMI Services Index Thursday: Jobless Claims, Factory Orders Friday: Employment Situation, International Trade
Quote Of The Week
“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” – Franklin D. Roosevelt