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Retail sales, manufacturing and homebuilding data have suggested the economy lost considerable momentum early in the first quarter. The Atlanta Federal Reserve is forecasting GDP rising at a 1.3 percent annualized rate in the January-March quarter. The government reported last month that the economy grew at a 2.6 percent pace in the fourth quarter. But that estimate is likely to be lowered when the government publishes a revision on Thursday as some economic data for December was weaker than had been previously assumed mechanical watch cufflinks.
The trade deficit in January was pushed down by a 0.9 percent increase in exports to $207.3 billion. Soybean exports rose by $0.9 billion in January mechanical watch cufflinks. Exports of motor vehicles and parts increased by $1.2 billion, but shipments of capital goods decreased by $0.8 billion, led by a $1.3 billion decline in civilian aircraft. Export growth, however, continues to be constrained by slowing global demand and the dollar’s strength last year, which is making U.S.-made goods less competitive on foreign markets. Despite the rise in soybean shipments, exports to China were the smallest since September 2010..
In January, imports fell 2.6 percent to $258.5 billion, the lowest level since last June. Imports previously had surged, likely as businesses stocked up in anticipation of further duties on Chinese imports. Capital goods imports dropped by $3.0 billion in January, led by a $0.9 billion decline in imports of computer accessories. There were also decreases in imports of semiconductors and civilian aircraft. Crude oil imports dropped by $1.4 billion, partly reflecting lower prices. Imported oil prices averaged $42.59 per barrel in January, the cheapest since December 2016 mechanical watch cufflinks.
FRANKFURT (Reuters) – Lufthansa is looking to merge the European operations of its catering unit LSG with a peer as it struggles with low margins in a competitive market on the continent, people close to the matter said. Lufthansa has provided information to potential bidders and has asked them to make offers for the business in early April, the people said, adding that Lufthansa was not interested in a deal with private equity mechanical watch cufflinks. Austria’s Do&Co and Switzerland’s Gategroup are expected to make offers for the European LSG operations, the people said, adding that given its low profitability and low expected value even medium-sized Do&Co could do a deal without a partner..
Lufthansa reiterated that it was considering options for LSG, while Gategroup declined to comment and Do&Co was not immediately available for comment mechanical watch cufflinks. While Lufthansa is currently focused on finding a solution for its European operations, a deal for its international business could follow at a later stage, the people said. The catering business is challenged by a large number of locations it serves, high staff costs and exposure to currency exchange rates, Lufthansa’s Chief Executive Carsten Spohr said recently..