U.S. Economic News
August 26, 2019
U.S. Economic Indicators
New orders of manufactured durable goods increased 2.1% in July after rising 1.8% (revised) in June and are up 0.3% compared to a year ago. Excluding transportation, new orders fell 0.4% (up 1.1% from last year). Census Bureau Report
The Chicago Fed National Activity Index declined from 0.03 in June to -0.36 in July. All four broad categories of indicators — production, employment, consumption, and sales, orders, & inventories — made negative contributions. Chicago Fed Report
U.S. News
The Financial Times reports that President Trump has announced he is optimistic about the prospects for a trade agreement with China, following a weekend of rising tensions and growing fears of a global economic slowdown. Meanwhile, China’s renminbi weakened to its lowest value against the dollar in eleven years. FT