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U.S. GDP Dips Slightly Less Than Previously Estimated In Q1
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025.
The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
The slightly smaller than previously estimated decline reflected an upward revision to investment that was partly offset by a downward revision to consumer spending.
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Philly Fed Index Unexpectedly Unchanged In June
A report released by the Federal Reserve Bank of Philadelphia on Friday said regional manufacturing activity remained weak in the month of June.
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Fed Leaves Interest Rates Unchanged, Still Signals Two 2025 Rate Cuts
Despite pressure from U.S. President Donald Trump, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged.
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U.S. Housing Starts Pull Back Sharply In May
The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May. The report said housing starts plunged by 9.8 percent to an annual rate of 1.256 million in May after jumping by 2.7 percent to a revised rate of 1.392 million in April.
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U.S. Jobless Claims Pull Back Off Eight-Month High
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday. The report said initial jobless claims dipped to 245,000, a decrease of 5,000 from the previous week's revised level of 250,000.
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U.S. Housing Starts Plunge Much More Than Expected In May
The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May.
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U.S. Weekly Jobless Claims Edge Down In Line With Estimates
First-time claims for U.S. unemployment benefits edged modestly lower in the week ended June 14th, according to a report released by the Labor Department on Wednesday.
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U.S. Homebuilder Confidence Unexpectedly Slips To Five-Year Low In June
Homebuilder confidence in the U.S. has unexpectedly seen a continued deterioration in the month of June, the National Association of Home Builders revealed in a report released on Tuesday.
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U.S. Industrial Production Unexpectedly Dips 0.2% In May
Industrial production in the U.S. unexpectedly saw a modest decrease in the month of May, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production dipped by 0.2 percent in May following a revised 0.1 percent uptick in April.
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