U.S. Consumer Prices Rise Slightly Less Than Expected In April

US Construction Spending Logs Surprise Fall In April

US construction spending shrunk unexpectedly in April amid declines in both private and public construction, preliminary data from the U.S. Census Bureau showed Monday. Construction spending dipped 0.1 percent to $2,099.0 billion from the revised estimate of $2,101.5 billion in March. Spending was expected to grow 0.2 percent after a 0.2 percent decrease in March.

RTTNews | 8h 40min ago

U.S. Manufacturing Index Unexpectedly Edges Lower In May

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of May, according to a report released by the Institute for Supply Management on Monday.

RTTNews | 9h 52min ago

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May

Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of May, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer fell to 35.4 in May from 37.9 in April, with a reading below 50 indicating contraction. Economists had expected the business barometer to rise to 41.0.

RTTNews | 3 days ago

U.S. Consumer Prices Rise In Line With Estimates, Core Prices Edge Up Less Than Expected

A highly anticipated report released by the Commerce Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of April, although core consumer prices edged up by slightly less than expected.

RTTNews | 3 days ago

U.S. Consumer Prices Increase In Line With Estimates In April

RTTNews | 3 days ago

U.S. Pending Home Sales Pull Back Much More Than Expected In April

A report released by the National Association of Realtors on Thursday showed a sharp pullback by pending home sales in the U.S. in the month of April. NAR said its pending home sales index plunged by 7.7 percent to 72.3 in April after spiking by 3.6 percent to an upwardly revised 78.3 in March. Economists had expected pending home sales to decrease by 0.6 percent.

RTTNews | 4 days ago

U.S. Weekly Jobless Claims Show Modest Increase

First-time claims for U.S. unemployment benefits crept modestly higher in the week ended May 25th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 219,000, an increase of 3,000 from the previous week's revised level of 216,000. Economists had expected jobless claims to inch up to 218,000.

RTTNews | 4 days ago

U.S. GDP Growth Slows More Than Previously Estimated In Q1

Revised data released by the Commerce Department on Thursday showed U.S. economic growth slowed by more than previously estimated in the first quarter of 2024. The Commerce Department said gross domestic product climbed by 1.3 percent in the first quarter compared to the previously reported 1.6 percent jump.

RTTNews | 4 days ago

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