Edition:
United Kingdom

Lucia Mutikani

Boeing looms large over struggling U.S. manufacturing sector

5:42pm BST

WASHINGTON New orders for long-lasting U.S.-made goods fell for a second straight month in May as troubles at Boeing weighed on demand for aircraft, suggesting manufacturing could remain weak even as business spending on equipment appears to stabilize.

U.S. consumer confidence dives, trade tensions hurting economy

25 Jun 2019

WASHINGTON U.S. consumer confidence tumbled to a 21-month low in June as households grew a bit more pessimistic about business and labor market conditions amid concerns about a recent escalation in trade tensions between the United States and China.

U.S. labour market on solid ground; manufacturing struggling

20 Jun 2019

WASHINGTON The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labour market strength despite a sharp slowdown in job growth in May.

U.S. housing starts drop in May masks some signs of improvement

18 Jun 2019

WASHINGTON U.S. homebuilding fell in May, but groundbreaking activity in the prior two months was stronger than previously thought, pointing to some tentative signs of improvement in the struggling housing market.

Strong U.S. retail sales improve economy's fortunes

14 Jun 2019

WASHINGTON U.S. retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up in consumer spending that eased fears the economy was slowing down sharply in the second quarter.

U.S. weekly jobless claims rise; imported inflation subdued

13 Jun 2019

WASHINGTON The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after job growth slowed sharply in May.

Muted U.S. inflation strengthens case for Fed rate cut

12 Jun 2019

WASHINGTON U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year.

World News