U.S. Services PMI Unexpectedly Indicates Contraction In April
(RTTNews) - After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday.
The ISM said its services PMI dipped to 49.4 in April from 51.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0.
With the unexpected decrease, the services PMI indicated activity in the sector contracted for the first time since December 2022.
read more
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
|
1 дней спустя
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
|
1 дней спустя
U.S. Consumer Prices Increase In Line With Estimates In April
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
|
1 дней спустя
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
|
2 дней спустя
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
|
2 дней спустя
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
|
2 дней спустя
U.S. GDP Climbs Less 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.
RTTNews
|
2 дней спустя
U.S. Weekly Jobless Claims Inch Up To 219,000
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.
RTTNews
|
2 дней спустя
