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US real GDP decreased at an annual rate of 0.6% in Q2, unchanged from the second estimate; update reflected upward revision to consumer spending that was offset by downward revision to exports: Dept. of Commerce

US Dept. of Commerce awards US$5M CARES Act grant to Menominee Tribal Enterprises In Wisconsin towards upgrade of its timber and sawmill processing capacity; investment supports job creation and is expected to generate US$2M in private investment

US net international investment position was -US$16.31T in Q2, compared to -US$17.75T in Q1; assets totaled US$30.98T in Q2, liabilities were US$47.29T: Dept. of Commerce

Sales of new US single‚Äźfamily houses in August at seasonally adjusted annual rate of 685,000, up 28.8% from revised July rate, down 0.1% year-over-year; median sales price was US$436,800, inventory at end of August was 461,000: Dept. of Commerce

New orders for US manufactured durable goods in August decreased by US$0.6B to US$272.7B; shipments increased by US$2.0B, up 0.7% to US$272.1B, inventories rose 0.2%, or US$1.0B to US$487.2B: Dept. of Commerce

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