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Dept. of Commerce finalizes rule to prevent CHIPS and Science Act subsidies from benefiting China, tweaking definition of 'foreign entity of concern' to exclude Chinese nationals in US; move to protect national security, expand US technological leadership

US privately‚Äźowned housing starts in August were at seasonally adjusted annual rate of 1,283,000, down 11.3% from July and 14.8% year-over-year; building permits fell 2.7% annually to 1,543,000, housing completions up 3.8% to 1,406,000: Dep. of Commerce

US manufacturers' shipments and distributive trade sales in July were estimated at US$1.83T, up 0.6% from June but down 1.2% year-over-year; inventories estimated at US$2.54T, virtually unchanged from June but up 1.4% year-over-year: Dept. of Commerce

Advance estimates of US retail and food services sales for August were US$697.6B, up 0.6% from July and up 2.5% from August 2022; retail trade sales rose 0.6% from July and 1.6% year-over-year: Dept. of Commerce

US steel import permit applications in August totaled 2,214,000 net tons, down 3.2% from 2,286,000 permit tons in July, according to US Dept. of Commerce data

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