U.S. CPI falls for third straight month
The U.S. economy was pushed into a severe recession in February
- June 10, 2020 June 10, 2020
- 10:19
The U.S. economy was pushed into a severe recession in February
The monthly decline in April was the largest on record
Economists had expected an even bigger drop
The international economy is receiving a significant boost from central banks' low-rate policies
High energy prices helped lift the consumer price index by 0.3%
After drops in August and September, gasoline prices rose 3.7% last month
Projections include 2.6% growth in U.S., 1.5% growth in Canada
Construction was down 0.9%, and applications for building permits fell 6.1%
Deficit in the trade of goods with China rose 29.7%
The Institute for Supply Management's manufacturing index rose to 58.7 in May