H
Harry Hope
Guest
In other economic news, the nation's big retail chains reported
lackluster sales in June as consumers, battered by high gasoline
prices and the weak housing market, cut back on their purchases of
discretionary items such as clothing.
From The Associated Press, 7/12/07:
http://www.iht.com/articles/ap/2007/07/12/business/NA-FIN-ECO-US-Economy.php
WASHINGTON:
America's trade deficit rose to its second highest level of the year,
reflecting higher prices for foreign oil and a continued appetite for
Chinese goods despite this year's recalls of tainted products.
The Commerce Department reported that the deficit for May rose to
$60.04 billion, up by 2.3 percent from the April level.
Most of the increase reflected a big jump in energy imports, which
climbed to the highest level in nine months.
The deficit with China rose to $20.02 billion, the biggest imbalance
in four months.
So far this year, the deficit with China is running 17.2 percent ahead
of the pace set last year when the overall deficit soared to an
all-time high of $233 billion.
_________________________________________
Harry
lackluster sales in June as consumers, battered by high gasoline
prices and the weak housing market, cut back on their purchases of
discretionary items such as clothing.
From The Associated Press, 7/12/07:
http://www.iht.com/articles/ap/2007/07/12/business/NA-FIN-ECO-US-Economy.php
WASHINGTON:
America's trade deficit rose to its second highest level of the year,
reflecting higher prices for foreign oil and a continued appetite for
Chinese goods despite this year's recalls of tainted products.
The Commerce Department reported that the deficit for May rose to
$60.04 billion, up by 2.3 percent from the April level.
Most of the increase reflected a big jump in energy imports, which
climbed to the highest level in nine months.
The deficit with China rose to $20.02 billion, the biggest imbalance
in four months.
So far this year, the deficit with China is running 17.2 percent ahead
of the pace set last year when the overall deficit soared to an
all-time high of $233 billion.
_________________________________________
Harry
