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U.S. GDP Unexpectedly Jumps More Than Previously Estimated In Q3
(RTTNews) - U.S. economic activity unexpectedly jumped more than previously estimated in the third quarter, according to revised data released by the Commerce Department on Thursday.
The report showed the surge in real gross domestic product in the third quarter was upwardly revised to 3.2 percent from the previously reported 2.9 percent. Economists had expected the pace of GDP growth to be unrevised.
The stronger than previously estimated growth in the third quarter came after GDP slumped by 1.6 percent in the first quarter and fell by 0.6 percent in the second quarter.
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U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December
Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.
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U.S. Existing Home Sales Rise Less Than Expected In November
Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.
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Philly Fed Index Unexpectedly Slumps Further Into Negative Territory In December
A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a notable decrease by its reading on regional manufacturing activity in the month of December. The Philly Fed said its diffusion index for current general activity slumped to a negative 10.2 in December from a negative 1.7 in November, with a negative reading indicating contraction.
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U.S. Annual Consumer Price Growth Unexpectedly Slows In November
The annual rate of growth by consumer prices has unexpectedly slowed, according to data released by the Labor Department on Thursday. The Labor Department said consumer prices in November were up by 2.7 percent compared to the same month a year ago. The year-over-year price growth in November reflects a notable slowdown from the 3.0 percent surge in September.
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U.S. Jobless Claims Decrease Roughly In Line With Estimates
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined roughly in line with economist estimates in the week ended December 13th. The Labor Department said initial jobless claims fell to 224,000, a decrease of 13,000 from the previous week's revised level of 237,000. Economists had expected jobless claims to slip to 225,000.
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Philly Fed Index Unexpected Slumps To -10.2 In December
A report released by the Federal Reserve Bank of Philadelphia on Thursday unexpectedly showed a notable decrease by its reading on regional manufacturing activity in the month of December.
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U.S. Consumer Prices Increase Modestly Over Two Months From September-November
Consumer prices in the U.S. saw a modest increase in over the two months from September to November, according to a report released by the Labor Department on Thursday.
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U.S. Weekly Jobless Claims Decrease To 224,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined roughly in line with economist estimates in the week ended December 13th.
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