U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

RTTNews | 48 dias atrás
U.S. Consumer Prices Virtually Unchanged In March, In Line With Estimates

(RTTNews) - A closely watched report released by the Commerce Department on Wednesday showed U.S. consumer prices were virtually unchanged in the month of March.

The Commerce Department said its personal consumption expenditures (PCE) price index edged down by less than a tenth of a percent in March after rising by an upwardly revised 0.4 percent in February.

Economists had expected the PCE price index to come in unchanged compared to the 0.3 percent increase originally reported for the previous month.

The report showed a 0.5 percent decrease by prices for goods more than offset a 0.2 percent uptick by prices for services.

The Commerce Department also said the annual rate of growth by the PCE price index decelerated to 2.3 percent in March from an upwardly revised 2.7 percent in February.

Economists had expected the annual rate of growth by the PCE price index to slow to 2.2 percent from the 2.5 percent originally reported for the previous month.

Meanwhile, the Commerce Department said the core PCE price index, which excludes food and energy prices, crept up by less than a tenth of a percent in March after climbing by an upwardly revised 0.5 percent in February.

The core PCE price index was expected to come in unchanged compared to the 0.4 percent increase originally reported for the previous month.

The report also said the annual rate of growth by the core PCE price index slowed to 2.6 percent in March from an upwardly revised 3.0 percent in February.

Economists had expected the annual rate of growth by the core PCE price index to dip to 2.6 percent from the 2.8 percent originally reported for the previous month.

The Federal Reserve's preferred readings on consumer price inflation were included in the Commerce Department's report on personal income and spending.

The Commerce Department said personal income rose by 0.5 percent in March after climbing by a downwardly revised 0.7 percent in February.

Personal income was expected to rise by 0.4 percent compared to the 0.8 percent increase originally reported for the previous month.

Disposable personal income, or personal income less personal current taxes, also climbed by 0.5 percent in March following a 0.8 percent advance in February.

The Commerce Department also said personal spending grew by 0.7 percent in March after rising by an upwardly revised 0.5 percent in February.

Economists had expected personal spending to climb by 0.6 percent compared to the 0.4 percent increase originally reported for the previous month.

Excluding price changes, personal spending still grew by 0.7 percent in March after inching up by 0.1 percent in February.

With spending climbing by more than income, personal saving as a percentage of disposable personal income dipped to 3.9 percent in February from 4.1 percent in February.

Marcadores : USD
read more
U.S. Industrial Production Unexpectedly Dips 0.2% In May

U.S. Industrial Production Unexpectedly Dips 0.2% In May

Industrial production in the U.S. unexpectedly saw a modest decrease in the month of May, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production dipped by 0.2 percent in May following a revised 0.1 percent uptick in April.
RTTNews | 2h 1min atrás
U.S. Import Prices Unchanged In May

U.S. Import Prices Unchanged In May

With a steep drop in prices for fuel imports offset by an increase in prices for non-fuel imports, the Labor Department released a report on Tuesday showing U.S. import prices were unchanged in the month of May.
RTTNews | 2h 26min atrás
U.S. Retail Sales Slump 0.9% In May, More Than Expected

U.S. Retail Sales Slump 0.9% In May, More Than Expected

The Commerce Department released a report on Tuesday showing U.S. retail sales decreased by more than expected in the month of May. The report said retail sales slid by 0.9 percent in May after edging down by a revised 0.1 percent in April. Economists had expected retail sales to decline by 0.6 percent compared to the 0.1 percent uptick originally reported for the previous month.
RTTNews | 2h 29min atrás
New York Manufacturing Index Unexpectedly Slides Further Into Negative Territory

New York Manufacturing Index Unexpectedly Slides Further Into Negative Territory

According to a report released by the Federal Reserve Bank of New York on Monday, New York manufacturing activity fell for a fourth consecutive month in June. The New York Fed said its general business conditions index slid to a negative 16.0 in June from a negative 9.2 in May, with a negative reading indicating contraction. Economists had expected the index to climb to a negative 5.5.
RTTNews | 1 dia atrás
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 4 dias atrás