U.S. Construction Spending Unexpectedly Edges Down 0.2% In March
(RTTNews) - Reflecting a decrease in spending on private construction, the Commerce Department released a report on Wednesday showing U.S. construction spending unexpectedly edged lower in the month of March.
The report said construction spending dipped by 0.2 percent to an annual rate of $2.084 trillion in March, while economists had expected construction spending to rise by 0.3 percent.
Meanwhile, revised data showed construction spending came in unchanged in February compared to the previously reported 0.3 percent drop.
The Commerce Department said spending on private construction spending fell by 0.5 percent to an annual rate of $1.601 trillion.
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U.S. Business Inventories Increase In Line With Estimates In April
A report released by the Commerce Department on Tuesday showed business inventories in the U.S. increased in line with economist estimates in the month of April. The Commerce Department said business inventories rose by 0.3 percent in April after edging down by 0.1 percent in March. Economists had expected business inventories to climb by 0.3 percent.
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7h 38min ago
U.S. Industrial Production Jumps Much More Than Expected In May
Industrial production in the U.S. increased by much more than expected in the month of May, the Federal Reserve revealed in a report released by on Tuesday. The Fed said industrial production jumped by 0.9 percent in May after coming in unchanged in April. Economists had expected industrial production to rise by 0.3 percent.
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8h 13min ago
U.S. Retail Sales Inch Up 0.1% In May, Slightly Less Than Expected
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said retail sales crept up by 0.1 percent in May after dipping by a revised 0.2 percent in April. Economists had expected retail sales to rise by 0.2 percent compared to the unchanged reading originally reported for the previous month.
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8h 24min ago
U.S. Retail Sales Inch Up Slightly Less Than Expected In May
Retail sales in the U.S. inched slightly higher in the month of May, according to a report released by the Commerce Department on Tuesday.
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9h 18min ago
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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1 day ago
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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1 day ago
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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4 days ago
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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4 days ago
