Business inventories in the U.S. edged higher in the month of December, according to a report released by the Commerce Department on Friday. The report said business inventories inched up by 0.1 percent in December after slipping by 0.2 percent in November. The uptick in inventories matched economist estimates.
Reflecting an improvement in expectations, the University of Michigan released a report on Friday showing an unexpected increase in U.S. consumer sentiment in the month of February. Preliminary data showed the consumer sentiment index rose to 100.9 percent in February from the final January reading of 99.8. The uptick surprised economists, who had expected the index to edge down to 99.5.
As unseasonably warm weather led to another steep drop in utilities output, the Federal Reserve released a report on Friday showing a continued decrease in U.S. industrial production in the month of January. The Fed said industrial production fell by 0.3 percent in January following a revised decrease of 0.4 percent in December.
A report released by the Labor Department on Friday showed U.S. import prices came in flat in the month of January, while export prices unexpectedly showed a notable rebound. The Labor Department said import prices were unchanged in January after rising by a downwardly revised 0.2 percent in December.
Retail sales in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday. The Commerce Department said retail sales rose by 0.3 percent in January after edging up by a downwardly revised 0.2 percent in December.
A report released by the Labor Department on Friday showed U.S. import prices came in flat in the month of January, while export prices unexpectedly showed a notable rebound.
Retail sales in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Friday.
With higher prices for food and shelter offsetting a steep drop in gasoline prices, the Labor Department released a report on Thursday showing a modest increase in U.S. consumer prices in the month of January. The Labor Department said its consumer price index inched up by 0.1 percent in January after rising by 0.2 percent in December.
First-time claims for U.S. unemployment benefits inched up by less than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 205,000, an increase of 2,000 from the previous week's revised level of 203,000.
With higher prices for food and shelter offsetting a steep drop in gasoline prices, the Labor Department released a report on Thursday showing a modest increase in U.S. consumer prices in the month of January.
First-time claims for U.S. unemployment benefits inched up by less than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday.
Federal Reserve Chairman Jerome Powell said the central bank is closely monitoring the emergence of the coronavirus in testimony before the House Financial Services Committee on Tuesday. Powell noted in prepared remarks that some of the uncertainties around trade have diminished following the signing of the phase one U.S.-China trade deal but cautioned risks to the outlook remain.
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by more than expected in the month of January.
The Labor Department said employment jumped by 225,000 jobs in January following a revised increase of 147,000 jobs in December.
Economists...
A closely watched report released by the Labor Department on Friday showed employment in the U.S. increased by more than expected in the month of January.