U.S. Services PMI Unexpectedly Indicates Contraction In April
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday.
The ISM said its services PMI dipped to 49.4 in April from 51.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0.
With the unexpected decrease, the services PMI indicated activity in the sector contracted for the first time since December 2022.
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New York Manufacturing Index Indicates Notably Slower Contraction In June
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index climbed to a negative 6.0 in June from a negative 15.6 in May, although a negative reading still indicates contraction.
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New York Manufacturing Index Rebounds More Than Expected But Remains Negative
New York manufacturing activity contracted at a notably slower rate in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday.
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U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June
The University of Michigan released preliminary data on Friday unexpectedly showing a continued deterioration in U.S. consumer sentiment in the month of June. The report said the consumer sentiment index fell to 65.6 in June after tumbling to 69.1 in May. Economists had expected the index to rebound to 72.0.
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U.S. Import Price Unexpectedly Decrease 0.4% In May
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent.
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U.S. Import, Export Prices Unexpectedly Decrease In May
A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May.
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U.S. Producer Prices Unexpectedly Dip In May, Annual Growth Slows
A report released by the Labor Department on Thursday showed producer prices in the U.S. unexpectedly edged lower in the month of May. The Labor Department said its producer price index for final demand dipped by 0.2 percent in May after climbing by 0.5 percent in April. Economists had expected producer prices to inch up by 0.1 percent.
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U.S. Weekly Jobless Claims Unexpectedly Climb To Nearly 10-Month High
The Labor Department released a report on Thursday showing an unexpected increase by first-time claims for U.S. unemployment benefits in the week ended June 8th. The report said initial jobless claims climbed to 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000. Economists had expected jobless claims to edge down to 225,000.
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U.S. Producer Prices Unexpectedly Edge Lower In May
A report released by the Labor Department on Thursday showed producer prices in the U.S. unexpectedly edged lower in the month of May.
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