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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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U.S. Business Inventories Rise In Line With Estimates In February
A report released by the Commerce Department on Wednesday showed business inventories in the U.S. increased in line with economist estimates in the month of February. The Commerce Department said business inventories rose by 0.2 percent in February after climbing by 0.3 percent in January.
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U.S. Homebuilder Confidence Unexpectedly Inches Higher In April
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U.S. Industrial Production Falls 0.3% In March As Utilities Output Plummets
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U.S. Industrial Production Falls Slightly More Than Expected In March
Reflecting a steep drop by utilities output, the Federal Reserve released a report on Wednesday showing U.S. industrial production decreased by slightly more than expected in the month of March.
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U.S. Retail Sales Surge 1.4% In March As Auto Sales Spike
Retail sales in the U.S. saw a sharp increase in the month of March, according to a report released by the Commerce Department on Wednesday. The Commerce Department said retail sales shot up by 1.4 percent in March after inching up by 0.2 percent in February. Economists had expected retail sales to jump by 1.3 percent.
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U.S. Retail Sales Surge Slightly More Than Expected In March
Retail sales in the U.S. saw a sharp increase in the month of March, according to a report released by the Commerce Department on Wednesday.
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New York Manufacturing Index Rebounds But Still Indicates Contraction In April
New York manufacturing activity has declined modestly in the month of April, the Federal Reserve Bank of New York revealed in a report released on Tuesday. The New York Fed said its general business conditions index jumped to a negative 8.1 in April after plunging to a negative 20.0 in March, although a negative reading still indicates contraction.
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U.S. Import Prices Edge Slightly Lower In March
Import prices in the U.S. edged slightly lower in the month of March, according to a report released by the Labor Department on Tuesday. The Labor Department said import prices slipped by 0.1 percent in March after rising by a downwardly revised 0.2 percent in February. Economists had expected import prices to come in unchanged.
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