U.S. Consumer Sentiment Improves More Than Expected In November

RTTNews | Pred 98 dňami
U.S. Consumer Sentiment Improves More Than Expected In November

(RTTNews) - Preliminary data released by the University of Michigan on Friday showed consumer sentiment has improved by more than expected in the month of November.

The University of Michigan said its consumer sentiment index climbed to 73.0 in November from 70.5 in October. Economists had expected the index to inch up to 71.0.

With the bigger than expected increase, the consumer sentiment index reached its highest level since hitting 77.2 in April.

The advance by the headline index reflected a significant improvement by consumer expectations, as the index of consumer expectations jumped to 78.5 in November from 74.1 in October.

"The expectations index surged across all dimensions, reaching its highest reading since July 2021," said Surveys of Consumers Director Joanne Hsu.

Meanwhile, the report said the current economic conditions index edged down to 64.4 in November from 64.9 in November.

Hsu noted that the interviews for this release concluded on Monday and thus do not capture any reactions to the election results.

On the inflation front, the report said year-ahead inflation expectations slipped to 2.6 percent in November from 2.7 percent in October, hitting the lowest level since December 2020.

Long-run inflation expectations, on the other hand, inched up to 3.1 percent in November from 3.0 percent in October, remaining modestly elevated relative to the range of readings seen in the two years pre-pandemic.

read more
U.S. Producer Price Growth Slightly Exceeds Estimates In January

U.S. Producer Price Growth Slightly Exceeds Estimates In January

Following yesterday's hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January. The Labor Department said its producer price index for final demand rose by 0.4 percent in January after climbing by an upwardly revised 0.5 percent in December.
RTTNews | Pred 1 dňom
U.S. Jobless Claims Dip Slightly More Than Expected To 213,000

U.S. Jobless Claims Dip Slightly More Than Expected To 213,000

First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 213,000, a decrease of 7,000 from the previous week's revised level of 220,000.
RTTNews | Pred 1 dňom
U.S. Consumer Prices Climb 0.5% In January, More Than Expected

U.S. Consumer Prices Climb 0.5% In January, More Than Expected

Consumer prices in the U.S. increased by more than expected in the month of January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index advanced by 0.5 percent in January after climbing by 0.4 percent in December. Economists had expected consumer prices to rise by 0.3 percent.
RTTNews | Pred 2 dňami