U.S. Housing Starts Unexpectedly Tumble 5.5% In May
(RTTNews) - A report released by the Commerce Department on Thursday unexpectedly showed a steep drop in new residential construction in the U.S. in the month of May.
The Commerce Department said housing starts plunged by 5.5 percent to an annual rate of 1.277 million in May after surging by 4.1 percent to a revised rate of 1.352 million in April.
Economists had expected housing starts to climb by 0.7 percent to an annual rate of 1.370 million from the 1.360 million originally reported for the previous month.
The report also said building permits slumped by 3.8 percent to an annual rate of 1.386 million in May after tumbling by 3.0 percent to a rate of 1.440 million in April.
Building permits, an indicator of future housing demand, were expected to increase by 0.7 percent to an annual rate of 1.450 million.
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U.S. Trade Deficit Widens To Largest In Over Two Years In September
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August.
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5h 57min ago
U.S. Trade Deficit Widens Significantly In September
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped.
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6h 57min ago
U.S. Factory Orders Decrease In Line With Estimates In September
New orders for U.S. manufactured goods declined in line with economist estimates in the month of September, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders fell by 0.5 percent in September, matching expectations.
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1 day ago
U.S. Construction Spending Inches Slightly Higher In September
Reflecting an increase in spending on public construction, the Commerce Department released a report on Friday showed an uptick by U.S. construction spending in the month of September. The report said construction spending crept up by 0.1 percent to an annual rate of $2.149 trillion in September after inching up by 0.1 percent to a revised rate of $2.146 trillion in August.
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4 days ago
U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year
A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.
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4 days ago
U.S. Employment Inches Up By 12,000 Jobs In October, Far Less Than Expected
With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October. The Labor Department said non-farm payroll employment crept up by 12,000 jobs in October compared to economist estimates for the addition of 113,000 jobs.
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4 days ago
U.S. Employment Inches Up Far Less Than Expected In October
With increases in healthcare and government jobs partly offset by decreases in temporary and manufacturing jobs, the Labor Department released a report on Friday showing employment in the U.S. edged only slightly higher in the month of October.
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4 days ago
Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October
MNI Indicators released a report on Thursday showing its reading on Chicago-area business activity unexpectedly tumbled to a five-month low in October. The report said MNI Indicators' Chicago business barometer slumped to 41.6 in October from 46.6 in September, with a reading below 50 indicating contraction. Economists had expected the business barometer to inch up to 47.0.
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5 days ago
