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U.S. Producer Prices Inch Up Less Than Expected In May
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
Economists had expected producer prices to rise by 0.3 percent compared to the 0.4 percent decline originally reported for the previous month.
Meanwhile, the report said the annual rate of growth by producer prices accelerated to 2.6 percent in May from 2.5 percent in April, in line with economist estimates.
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U.S. Wholesale Inventories Inch Up Less Than Expected In June
Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
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U.S. Jobless Claims Rise More Than Expected To 226,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
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U.S. Labor Productivity Surges 2.4% In Second Quarter
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U.S. Weekly Jobless Claims Rise More Than Expected
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U.S. Service Sector Growth Unexpectedly Slows In July
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U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge
The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
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2 days ago
U.S. Trade Deficit Narrows Slightly More Than Expected In June
The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.
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