U.S. Consumer Confidence Unexpectedly Deteriorates In February

RTTNews | 45 days ago
U.S. Consumer Confidence Unexpectedly Deteriorates In February

(RTTNews) - Reflecting persistent uncertainty about the U.S. economy, the Conference Board released a report on Tuesday showing an unexpected deterioration in U.S. consumer confidence in the month of February.

The Conference Board said its consumer confidence index slid to 106.7 in February from a downwardly revised 110.9 in January.

The decrease surprised economists, who had expected the consumer confidence index to inch up to 115.0 from the 114.8 originally reported for the previous month.

"The drop in confidence was broad-based, affecting all income groups except households earning less than $15,000 and those earning more than $125,000," said Dana Peterson, Chief Economist at The Conference Board.

She added, "Confidence deteriorated for consumers under the age of 35 and those 55 and over, whereas it improved slightly for those aged 35 to 54."

The report also said the present situation index fell to 147.2 in February from 154.9 in January, as consumers' views of both business conditions and the employment situation became less favorable.

The expectations index also slipped to 79.8 in February from 81.5 in January, with a reading below 80 often signaling recession ahead.

read more
U.S. Consumer Sentiment Drops More Than Expected, Inflation Expectations Rise

U.S. Consumer Sentiment Drops More Than Expected, Inflation Expectations Rise

Consumer sentiment in the U.S. has deteriorated by more than expected in the month of April, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment fell to 77.9 in April from 79.4 in March. Economists had expected the index to edge down to 79.0.
RTTNews | 4h 37min ago
U.S. Import Prices Climb 0.4% In March, Slightly More Than Expected

U.S. Import Prices Climb 0.4% In March, Slightly More Than Expected

Import prices in the U.S. increased by slightly more than expected in the month of March, according to a report released by the Labor Department on Friday. The report said import prices climbed by 0.4 percent in March after rising by 0.3 percent in February. Economists had expected import prices to increase by another 0.3 percent.
RTTNews | 5h 28min ago
U.S. Weekly Jobless Claims Pull Back Off Two-Month High

U.S. Weekly Jobless Claims Pull Back Off Two-Month High

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended April 6th after reaching a two-month high in the previous week. The Labor Department said initial jobless claims fell to 211,000, a decrease of 11,000 from the previous week's revised level of 222,000.
RTTNews | 1 day ago
U.S. Producer Prices Rise 0.2% In March, In Line With Estimates

U.S. Producer Prices Rise 0.2% In March, In Line With Estimates

Following yesterday's hotter-than-expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices increased in line with economist estimates in the month of March. The Labor Department said its producer price index for final demand crept up by 0.2 percent in March after climbing by 0.6 percent in February.
RTTNews | 1 day ago
U.S. Weekly Jobless Claims Pull Back More Than Expected

U.S. Weekly Jobless Claims Pull Back More Than Expected

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended April 6th after reaching a two-month high in the previous week.
RTTNews | 1 day ago
U.S. Producer Prices Rise In Line With Estimates In March

U.S. Producer Prices Rise In Line With Estimates In March

Following yesterday's hotter-than-expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices increased in line with economist estimates in the month of March.
RTTNews | 1 day ago