U.S. Economic News
June 4, 2018
U.S. Economic Indicators
New factory orders for manufactured goods fell 0.8% in April following a 1.7% (revised) increase in March, but are up 8.3% on the year. New orders excluding transportation edged up 0.4% while new orders for nondefense capital goods excluding aircraft rose 1.0%. Census Bureau Report
U.S. News
The Wall Street Journal reports that the synchronized global growth seen in 2017 and early 2018 has begun to fade, worrying investors. Multiple indicators of global demand have begun to weaken, especially in Europe, where recent elections and a slowdown in manufacturing activity have pushed investors to less-risky assets. WSJ
According to the Wall Street Journal the U.S. and China ended their most recent round of trade negotiations without reaching a settlement. China’s official news agency has said that if the U.S. imposes any tariffs on imports from China, any agreement reached in upcoming negotiations will not go into effect. WSJ