A report released by the University of Michigan on Friday showed a slight deterioration in U.S. consumer sentiment in the month of January. Preliminary data showed the consumer sentiment index edged down to 99.1 in January from the final December reading of 99.3. Economists had expected the index to come in unchanged.
With utilities output plummeting amid a slump in demand for heating, the Federal Reserve released a report on Friday showing a modest pullback in U.S. industrial production in the month of December. The Fed said industrial production fell by 0.3 percent in December after climbing by a downwardly revised 0.8 percent in November.
After reporting significant increases in new residential construction in the two previous months, the Commerce Department released a report on Friday showing U.S. housing starts saw an even more substantial spike in the month of December. The Commerce Department said housing starts skyrocketed by 16.9 percent to an annual rate of 1.608 million in December.
After reporting significant increases in new residential construction in the two previous months, the Commerce Department released a report on Friday showing U.S. housing starts saw an even more substantial spike in the month of December.
A report released by the Commerce Department on Thursday showed a slightly bigger than expected decrease in U.S. business inventories in the month of November. The Commerce Department said business inventories dipped by 0.2 percent in November after inching up by a revised 0.1 percent in October.
After reporting an unexpected spike in U.S. homebuilder confidence in the previous month, the National Association of Home Builders released a report on Thursday showing a slight pullback in homebuilder confidence in the month of January. The report said the NAHB/Wells Fargo Housing Market Index edged down to 75 in January after jumping to 76 in December.
Import prices in the U.S. increased in line with economist estimates in the month of December, the Labor Department revealed in a report released on Thursday. The report said import prices climbed by 0.3 percent in December after inching up by a revised 0.1 percent in November.
Growth in Philadelphia-area manufacturing activity showed a substantial acceleration in the month of January, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity spiked to 17.0 in January from an upwardly revised 2.4 in December.
With a sharp pullback in auto sales more than offset by strength in other areas, the Commerce Department released a report on Thursday showing U.S. retail sales rose in line with economist estimates in the month of December. The Commerce Department said retail sales climbed by 0.3 percent in December, matching the upwardly revised increase in November.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended January 11th. The report said initial jobless claims fell to 204,000, a decrease of 10,000 from the previous week's unrevised level of 214,000. The drop came as a surprise to economists, who had expected jobless claims to inch up to 216,000.
Import prices in the U.S. increased in line with economist estimates in the month of December, the Labor Department revealed in a report released on Thursday.
Growth in Philadelphia-area manufacturing showed a substantial acceleration in the month of January, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
With a sharp pullback in auto sales more than offset by strength in other areas, the Commerce Department released a report on Thursday showing U.S. retail sales rose in line with economist estimates in the month of December.
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended January 11th.
In a look back at the final six weeks of 2019, the Federal Reserve's Beige Book said Wednesday that U.S. economic activity generally continued to expand modestly. The Beige Book noted the Dallas and Richmond Districts saw above-average growth, while Philadelphia, St. Louis, and Kansas City reported sub-par growth.