U.S. Consumer Sentiment Improves In December, Year-Ahead Inflation Expectations Jump

RTTNews | Pred 5 dňami
U.S. Consumer Sentiment Improves In December, Year-Ahead Inflation Expectations Jump

(RTTNews) - A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than anticipated in the month of December.

The University of Michigan said its consumer sentiment index climbed to 74.0 in December from 71.8 in November. Economists had expected the index to rise to 73.0.

The consumer sentiment index reached its highest level since April, as the current economic conditions index spiked to 77.7 in December from 63.9 in November.

"A surge in buying conditions for durables led Current Economic Conditions to soar more than 20%," said Surveys of Consumers Director Joanne Hsu.

She added, "Rather than a sign of strength, this rise in durables was primarily due to a perception that purchasing durables now would enable buyers to avoid future price increases."

Meanwhile, the report said the index of consumer expectations slumped to 71.6 in December from 76.9 in November, falling to its lowest level since July.

"The expectations index continued the post-election re-calibration that began last month, climbing for Republicans and declining for Democrats in December," said Hsu.

On the inflation front, the report said year-ahead inflation expectations jumped to 2.9 percent in December from 2.6 percent in November.

Year-ahead inflation expectations reached their highest level in six months but remain within the 2.3-3.0 percent range seen in the two years pre-pandemic.

The University of Michigan said long-run inflation expectations edged down to 3.1 percent in December from 3.2 percent in November but are still modestly elevated relative to the range of readings seen in the two years pre-pandemic.

read more
U.S. Consumer Prices Rise 0.3% In November, In Line With Estimates

U.S. Consumer Prices Rise 0.3% In November, In Line With Estimates

The Labor Department released a closely watched report on Wednesday showing consumer prices in the U.S. rose in line with economist estimates in the month of November. The report said the consumer price index climbed by 0.3 percent in November after rising by 0.2 percent for four straight months. The increase matched expectations.
RTTNews | Pred 19 h 22 min
US Small Business Optimism Jumps To Highest In Over 3 Years - NFIB

US Small Business Optimism Jumps To Highest In Over 3 Years - NFIB

Small business confidence in the U.S. surged in November to its highest level in more than three years as the uncertainty regarding future economic conditions reduced following the election of Donald Trump as the next president and businesses are now looking forward to favorable tax and regulation policies, results of a survey by the National Federation of Independent Business showed on Tuesday.
RTTNews | Pred 1 dňom
U.S. Labor Productivity Growth In Q3 Unrevised From Initial Estimate

U.S. Labor Productivity Growth In Q3 Unrevised From Initial Estimate

While the Labor Department released a report on Tuesday showing the jump by U.S. labor productivity in the third quarter was unrevised from the previous estimate, the report also showed a downward revision to the increase by U.S. unit labor costs.
RTTNews | Pred 1 dňom
U.S. Wholesale Inventories Rise In Line With Estimates In October

U.S. Wholesale Inventories Rise In Line With Estimates In October

A report released by the Commerce Department on Monday showed a modest rebound by wholesale inventories in the U.S. in the month of October. The Commerce Department said wholesale inventories rose by 0.2 percent in October after slipping by 0.2 percent in September. The uptick matched economist estimates.
RTTNews | Pred 2 dňami
U.S. Employment Surges By 227,000 Jobs In November, More Than Expected

U.S. Employment Surges By 227,000 Jobs In November, More Than Expected

Employment in the U.S. surged by more than expected in the month of November, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 227,000 jobs in November after rising by an upwardly revised 36,000 jobs in October. Economists had expected employment to jump by 200,000 jobs.
RTTNews | Pred 5 dňami