U.S. Import Prices Unchanged In May

RTTNews | 49 dni temu
U.S. Import Prices Unchanged In May

(RTTNews) - With a steep drop in prices for fuel imports offset by an increase in prices for non-fuel imports, the Labor Department released a report on Tuesday showing U.S. import prices were unchanged in the month of May.

The Labor Department said import prices came in flat in May after inching up by 0.1 percent in April. Economists had expected import prices to dip by 0.2 percent.

Meanwhile, the report said the annual rate of import price growth crept up to 0.2 percent in May from 0.1 percent in April.

The unchanged monthly reading came as prices for fuel imports plunged by 4.0 percent in May after tumbling by 2.6 percent in April, while prices for non-fuel imports rose by 0.3 percent in May after climbing by 0.4 percent in April.

The Labor Department said higher prices for non-fuel industrial supplies and materials, capital goods, consumer goods and automotive vehicles more than offset lower prices for foods, feeds, and beverages.

The report also said export prices slumped by 0.9 percent in May after inching up by 0.1 percent in April. Economists had expected export prices to edge down by 0.1 percent.

With the much bigger than expected monthly decrease, the annual rate of export price growth slowed to 1.7 percent in May from 1.9 percent in April.

The notable pullback by export prices came as prices for non-agricultural exports tumbled by 1.0 percent, more than offsetting a 0.2 percent uptick in prices for agricultural exports.

read more
U.S. Service Sector Growth Unexpectedly Slows In July

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.
RTTNews | 2g 45 minut temu
U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.
RTTNews | 3g 31 minut temu
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | 1 dni temu
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 4 dni temu
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 4 dni temu
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 4 dni temu