logo

US Economic News

Share

consumer sentiment3 012723 Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved by slightly more than initially estimated in the month of January. The report showed the consumer sentiment index for January was upwardly revised to 64.9 from the preliminary reading of 64.6. Economists had expected the index to be unrevised.

pending home sales 012723 After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the month of December. NAR said its pending home sales index jumped by 2.5 percent to 76.9 in December after tumbling by 2.6 percent to a revised 75.0 in November.

personal income3 012723 Personal income in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Commerce Department on Friday. The report said personal income inched up by 0.2 percent in December after rising by a downwardly revised 0.3 percent in November.

Personal income in the U.S. increased in line with economist estimates in the month of December, according to a report released by the Commerce Department on Friday.

new home sales 012623 New home sales in the U.S. increased for the third straight month in December, the Commerce Department revealed in a report released on Thursday. The report said new home sales surged by 2.3 percent to an annual rate of 616,000 in December after climbing by 0.7 percent to a downwardly revised rate of 602,000 in November.

durable goods orders 012623 A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods soared by much more than expected in the month of December. The Commerce Department said durable goods orders spiked by 5.6 percent in December after tumbling by 1.7 percent in November.

gdp 012623 The Commerce Department released a report on Thursday showing U.S. economic activity surged by more than expected in the fourth quarter of 2022. The report said real gross domestic product shot up by 2.9 percent in the fourth quarter after spiking by 3.2 percent in the third quarter. Economists had expected GDP to jump by 2.6 percent.

jobless claims06 012623 First-time claims for U.S. unemployment benefits unexpectedly showed another modest decrease in the week ended January 21st, according to a report released by the Labor Department on Thursday. The report said initial jobless claims edged down to 186,000, a decrease of 6,000 from the previous week's revised level of 192,000.

A report released by the Commerce Department on Thursday showed new orders for U.S. manufactured durable goods soared by much more than expected in the month of December.

The Commerce Department released a report on Thursday showing U.S. economic activity surged by more than expected in the fourth quarter of 2022.

First-time claims for U.S. unemployment benefits unexpectedly showed another modest decrease in the week ended January 21st, according to a report released by the Labor Department on Thursday.

bank of canada 102622 With persistent excess demand putting continued upward pressure on prices, the Bank of Canada on Wednesday announced its decision to raise interest rates by another quarter point. The Bank of Canada increased its target for the overnight rate by 25 basis points to 4.5 percent, in line with expectations.

leading index 012323 Continuing to signal a near-term recession for the U.S. economy, the Conference Board released a report on Monday showing another sharp drop by its reading on leading U.S. economic indicators in the month of December.

existing home sales 012023 The National Association of Realtors released a report on Friday showing a continued decline in U.S. existing home sales in the month of December, although the decrease was much smaller than economists had expected. NAR said existing home sales slumped by 1.5 percent to an annual rate of 4.02 million in December.

philadelphia fed2 011923 The Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity has contracted at a slower rate in the month of January. The Philly Fed said its diffusion index for current activity climbed to a negative 8.9 in January from a negative 13.7 in December.

Follow RTT