U.S. Manufacturing Index Dips Slightly More Than Expected In April
(RTTNews) - The Institute for Supply Management released a report on Wednesday showing a modest contraction by U.S. manufacturing activity in the month of April.
The ISM said its manufacturing PMI slipped to 49.2 in April from 50.3 in March, with a reading below 50 indicating contraction. Economists had expected the index to edge down to 50.0.
The slight pullback by the index came after it indicated a modest expansion in March following sixteen consecutive months of contraction.
"Although demand improvement slowed, output remains positive and inputs stayed accommodative," said Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee.
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U.S. Consumer Confidence Unexpectedly Rebounds In May
Consumer confidence in the U.S. unexpectedly saw a significant improvement in the month of May, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 102.0 in May from an upwardly revised 97.5 in April. The rebound surprised economists, who had expected the consumer confidence index to decrease to 95.3.
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U.S. Consumer Sentiment Drops Slightly Less Than Previously Estimated In May
Consumer sentiment in the U.S. deteriorated slightly less than previously estimated in the month of May, according to revised data released by the University of Michigan on Friday. The report said the consumer sentiment index for May was upwardly revised to 69.1 from the preliminary reading of 67.4. Economists had expected the index to be unrevised.
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U.S. Durable Goods Orders Unexpectedly Rise In April But March Jump Downwardly Revised
New orders for U.S. manufactured durable goods unexpectedly increased in the month of April, according to a report released by the Commerce Department on Friday, although the growth came following a significantly downwardly revised jump in March. The report said durable goods orders climbed by 0.7 percent in April following a downwardly revised 0.8 percent advance in March.
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U.S. Durable Goods Orders Unexpectedly Increase In April
New orders for U.S. manufactured durable goods unexpectedly increased in the month of April, according to a report released by the Commerce Department on Friday, although the growth came following a significantly downwardly revised jump in March.
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U.S. New Home Sales Pull Back Much More Than Expected In April
After reporting a sharp increase in new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing new home sales pulled back by much more than expected in the month of April. The Commerce Department said new home sales plunged by 4.7 percent to an annual rate of 634,000 in April after surging by 5.4 percent to a revised rate of 665,000 in March.
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U.S. Jobless Claims Decrease More Than Expected To 215,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th. The Labor Department said initial jobless claims slid to 215,000, a decrease of 8,000 from the previous week's revised level of 223,000. Economists had expected jobless claims to edge down to 220,000.
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U.S. Weekly Jobless Claims Decrease More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by more than expected in the week ended May 18th.
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Fed Minutes Suggest Interest Rates To Remain Higher For Longer
With recent data not increasing confidence inflation is moving sustainably toward 2 percent, the minutes of the latest Federal Reserve meeting suggest officials expect to maintain interest rates at current levels longer than previously thought.
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