free counter
World

This Week: Trade gap, consumer borrowing, Kroger earns

A glance at a few of the key business events and economic indicators upcoming this week:

OUT OF BALANCE

The Commerce Department delivers its monthly snapshot of the nations trade gap Wednesday.

The gap between your value of goods and services the U.S. sells abroad and what it buys narrowed in June to $79.6 billion, a six-month low. The decline came as exports hit an archive high, while imports fell. Economists predict the U.S. trade gap narrowed to $70.4 billion in July. That might be the tiniest trade gap in per year.

Trade balance, monthly, vast amounts of dollars, seasonally adjusted:

Feb. -88.1

March -107.7

April -86.7

May -84.9

June -79.6

July (est.) -70.4

Source: FactSet

JUST CHARGE IT

Americans have already been ramping up their usage of credit this season.

U.S. consumer borrowing, excluding mortgages along with other loans secured by property, jumped by $40.2 billion in June from May, when consumer borrowing increased by $23.8 billion. The June increase was the largest in 90 days and pushed total credit to around $4.63 trillion. The Federal Reserve releases its July snapshot of consumer borrowing Thursday.

Credit, monthly change, seasonally adjusted, vast amounts of dollars:

Jan. 15.9

Feb. 34.7

March 47.1

April 35.0

May 23.8

June 40.2

Source: FactSet

MIXED RESULTS?

Wall Street expects that Krogers latest sydney card will show mixed results.

Analysts predict the supermarket operators fiscal second-quarter earnings declined from the year earlier, even while revenue increased. In June, Kroger raised its full-year guidance after posting earnings and revenue growth for the initial quarter. The business, which also owns Ralphs, Dillons along with other chains, reports quarterly results Friday.

Read More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker