Overview

• Growth slowed to an annualized 1.8 percent in the second quarter, missing the 3 to 4 percent target set by the president.
• Core consumer prices rose 3.6 percent year-on-year, reflecting renewed inflationary pressure.
• Manufacturing output declined 0.4 percent in June, and job creation fell below expectations for a second consecutive month.
• The US trade deficit widened to $71.2 billion in July as Washington imposed sanctions on six Indian petrochemical firms.
• Consumer sentiment sank to its lowest level in 18 months, signaling rising household caution.