U.S. Industrial Production Comes In Flat In April
(RTTNews) - With a surge in utilities output offset by decrease in mining and manufacturing output, the Federal Reserve released a report on Thursday showing U.S. industrial came in flat in the month of April.
The Fed said industrial production came in unchanged in April after inching up by a downwardly revised 0.1 percent in March.
Economists had expected industrial production to edge up by 0.1 percent compared to the 0.4 percent increase originally reported for the previous month.
The report said utilities output shot up by 2.8 percent, while mining output fell by 0.6 percent and manufacturing output dipped by 0.3 percent.
read more
U.S. Dollar Seeing Modest Strength Following Upbeat Service Sector Data
After trending lower over the past few days, the value of the U.S. dollar has shown a modest move back to the upside during trading on Wednesday.
RTTNews
|
6h 1min ago
U.S. Services Index Jumps To Nine-Month In May
Service sector activity in the U.S. returned to growth in the month of May after contracting in April for the first time since December 2022, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI jumped to 53.8 in May from 49.4 in April, with a reading above 50 indicating growth in the sector.
RTTNews
|
11h 41min ago
U.S. Mortgage Applications Tumble For Second Straight Week
Mortgage applications in the U.S. tumbled for the second consecutive week in the week ended May 31st, according to a report released by the Mortgage Bankers Association on Wednesday.
RTTNews
|
12h 57min ago
U.S. Private Sector Job Growth Slows More Than Expected In May
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May. ADP said private sector employment climbed by 152,000 jobs in May after jumping by a downwardly revised 188,000 jobs in April.
RTTNews
|
13h 34min ago
U.S. Private Sector Employment Climbs Less Than Expected In May
A report released by payroll processor ADP on Wednesday showed private sector job growth in the U.S. slowed by more than expected in the month of May.
RTTNews
|
14h 9min ago
U.S. Factory Orders Climb Slightly More Than Expected In April
A report released by the Commerce Department on Tuesday showed new orders for U.S. manufactured goods rose by slightly more than expected in the month of April. The Commerce Department said factory orders climbed by 0.7 percent in April compared to economist estimates for an increase of 0.6 percent.
RTTNews
|
1 day ago
U.S. Job Openings Show Modest Decrease In April
Job opening in the U.S. saw a modest decrease in the month of April, according to a report released by the Labor Department on Tuesday.
RTTNews
|
1 day ago
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
|
2 days ago
