U.S. Retail Sales Unexpectedly Dip 0.3% In May
(RTTNews) - Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected decrease in U.S. retail sales in the month of May.
The report showed retail sales fell by 0.3 percent in May after climbing by a downwardly revised 0.7 percent in April. Economists had expected retail sales to edge up by 0.2 percent compared to the 0.9 percent increase originally reported for the previous month.
Excluding the steep drop in sales by motor vehicles and parts dealers, retail sales rose by 0.5 percent in May following a 0.4 percent increase in April. Ex-auto sales were expected to advance by 0.8 percent.
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Fed's Beige Book Says U.S. Economic Activity Rose Slightly
Economic activity rose slightly in most Federal Reserve districts, according to the central bank's Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts. The Beige Book, released Wednesday afternoon, said three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others.
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11h 30min ago
U.S. Factory Orders Rise In Line With Estimates In October
The Commerce Department released a report on Wednesday showing a modest increase by new orders for U.S. manufactured goods in the month of October. The report said factory orders rose by 0.2 percent in October after dipping by a revised 0.2 percent in September. Economists had expected factory orders to rise by 0.2 percent.
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15h 5min ago
U.S. Service Sector Growth Slows More Than Expected In November
A report released by the Institute for Supply Management on Wednesday showed U.S. service sector growth slowed by more than anticipated in the month of November. The ISM said its services PMI fell to 52.1 in November from 56.0 in October. While a reading above 50 still indicates growth, economists had expected the index to show a much more modest decrease to 55.5.
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15h 24min ago
U.S. Private Sector Job Growth Falls Modestly Short Of Estimates In November
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November. ADP said private sector employment climbed by 146,000 jobs in November after jumping by a downwardly revised 184,000 jobs in October.
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15h 56min ago
U.S. Private Sector Employment Climbs Slightly Less Than Expected November
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by slightly less than expected in the month of November.
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17h 21min ago
U.S. Job Openings Rise More Than Expected In October
A report released by the Labor Department on Tuesday showed job openings in the U.S. increased by more than expected in the month of October.
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1 day ago
U.S. Manufacturing PMI Rises More Than Expected But Still Indicates Contraction
The Institute for Supply Management released a report on Monday showing its reading on U.S. manufacturing increased by more than expected in the month of November but continued to indicate a contraction. The ISM said its manufacturing PMI rose to 48.4 in November from 46.5 in October, although a reading below 50 still indicates contraction. Economists had expected the index to inch up to 47.5.
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2 days ago
U.S. Construction Spending Climbs More Than Expected In October
Construction spending in the U.S. increased more than expected in the month of October, according to a report released by the Commerce Department on Monday. The Commerce Department said construction spending climbed by 0.4 percent to an annual rate of $2.174 trillion in October after inching up by 0.1 percent to a rate of $2.165 trillion in September.
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2 days ago
