Friday, October 28, 2005

Quick Overview

    • U.S. consumer sentiment fell in October to the lowest level in 13 years, the University of Michigan reported Friday in its monthly consumer sentiment index.



    • The U.S. economy grew at an annual rate of 3.8% in the third quarter, an increase from the second quarter’s 3.3%, the Commerce Department said Friday.


    • Surface trade amid the United States, Canada and Mexico rose 12.3% in August from a year earlier to a total of $60.2 billion, the highest monthly level ever recorded, the Department of Transportation reported Thursday.

    • The core rate of U.S. personal consumption expenditures, increased at an annual rate of 1.3% in the third quarter, down from 1.7% in the second quarter and less than expected.

    • Mexico's central bank pushed interest rates lower for a third straight month on Friday to help boost a struggling economy.

    • Japan's household spending was down 0.2% in September and Industrial production was up 0.2% -- less than expected.

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