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17.30 4+ USA: October, Imports +0.4% to $233.3bn
17.30 4+ US: October, Imports +0.4% to $233.3bn
Do you know if there's any way to stop seeing this constantly popping up topic of yours about nothing?
Last month, the ADP report did not foreshadow a strong Labor Department report. After such a big miss, economists seem unlikely to change their projections for Friday.
The unemployment rate is forecast to fall to 7.2% from 7.3% in October. According to the ADP , firms with 1-49 workers hired added 102,000 new workers in November . Medium-sized businesses with 50-499 workers increased payrolls by 48,000 . Large firms of 500 employees , hired more than 65,000 workers .
Payrolls in the service sector increased by 176,000 last month, while the industrial sector had 18,000 new hires.
US exports rose by 1.8% to $192.7bn in October, compared to September.
Imports rose more moderately, up 0.4% to $233.3 billion.
Strengthening exports reduced the foreign trade deficit to $40.6 billion, down from $43 billion in September. Economists had expected a foreign trade deficit of $40.2 billion in October.
The increase in exports is another indication that the modest growth rate of the US economy may get a boost from the stabilisation of the global economy. This year and last, the weak state of the economies of major trading partners, together with government spending cuts, have put restraining pressure on US manufacturers.
Recent data on manufacturing, which is the engine of growth for the economy as a whole, has pointed to solid growth in most of the major economies.
Industrial output growth in China in November was similar to that in October, a sign of stabilisation after the Chinese economy slowed rapidly at the start of the year.
Exports from the USA to China increased by 6.9% year-on-year from January to October. Exports to China stood at $13.1 billion in October, a record high.
Industrial output growth in Europe also continued, although some countries saw a weakening - output fell in France and Spain in November, a sign that the region's economies are struggling to emerge from a recession that was the longest since World War II.
Exports from the US to the EU fell by 1.7% in the first 10 months of the year. Exports to Canada, its biggest trading partner, rose 1.3%.
Exports from the USA of refined petroleum products reached a record high in October, further evidence of the energy boom. Exports of manufactured goods and consumer goods also rose.
A survey of US manufacturers shows that companies expect exports to rise in the coming months, according to ISM data.
Slower growth in imports in October may be evidence of weak consumer demand ahead of the selling season.
What's this about? The birth of a new GURU? No - GURU's.
What's it about? The birth of a new GURU? No, the Gurus.
It's about making a little money with copypasting.
It's about how to make a little money with copypasting.
Here. Just wanted to ask him about his great mission with a hint of credits at the expense of doing nothing...
Dear.
This is for those who need news....
Dear.
This is for those who need news....
Have you decided to lump everything from all the news resources into one pile? Nuh-uh.
I think you're the only one who wants it.