Chicago Business Barometer Drops More Than Expected In April

RTTNews | 135天前
Chicago Business Barometer Drops More Than Expected In April

(RTTNews) - MNI Indicators released a report on Wednesday showing its reading on Chicago-area business activity fell by more than expected in the month of April.

The report said the Chicago business barometer slid to 44.6 in April from 47.6 in March, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to dip to 45.5.

The bigger than expected decrease by Chicago business barometer was driven by pullbacks in new orders and production, with the new orders index and the production index slumping by 7.0 points and 7.6 points, respectively.

Meanwhile, MNI Indicators said the employment index inched up by 0.4 points but noted the index has been below 40 for eight of the last twelve months.

The report also said the inventories index surged by 17.0 points to its highest level since November 2023, potentially reflecting tariff front-loading.

On the inflation front, MNI Indicators said the prices paid index increased by 1.3 points, reaching the highest level since August 2022.

read more
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews | 12小時4分鐘前
U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.
RTTNews | 1天前
U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
RTTNews | 1天前
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
RTTNews | 2天前
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
RTTNews | 2天前
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews | 2天前