Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

U.S. consumer confidence near 17-year high; goods trade deficit widens

From Reuters:

U.S consumer confidence surged to a near 17-year high in November, driven by a robust labor market, while house prices rose sharply in September, which should underpin consumer spending and boost economic growth.

The near-term growth outlook was, however, marred by other data on Tuesday showing a big rise in the goods trade deficit in October and a drop in inventory accumulation. The wider goods trade gap and weak inventory investment prompted economists to slash their fourth-quarter gross domestic product estimates.

Read the rest here

FacebookEmailShare

Find other news on this topic by clicking on the tags and category key words above.