U.S. manufacturing activity grew at an accelerated rate in the month of February, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI rose to 60.8 in February from 58.7 in January, with a reading above 50 indicating growth in the manufacturing sector. Economists had expected the index to inch up to 58.8.
Revised data released by the University of Michigan on Friday showed U.S. consumer sentiment deteriorated by slightly less than initially estimated in the month of February. The report showed the consumer sentiment index for February was upwardly revised to 76.8 from the initial estimate of 76.2.
MNI Indicators released a report on Friday showing a bigger than expected slowdown in the pace of growth in Chicago-area business activity in the month of February. The report said MNI Indicators' Chicago business barometer dropped to 59.5 in February after jumping to a more than two-year high of 63.8 in January.
Primarily reflecting the $600 stimulus checks included in the last coronavirus relief bill, the Commerce Department released a report on Friday showing U.S. personal income skyrocketed in the month of January. The Commerce Department said personal income spiked by 10.0 percent in January after rising by 0.6 percent in December.
Reflecting an increase in government benefits in response to the COVID-19 pandemic, the Commerce Department released a report on Friday showing U.S. personal income skyrocketed in the month of January.
With inventory constraints continuing to hold back prospective buyers, the National Association of Realtors released a report on Thursday showing a steep drop in U.S. pending home sales in the month of January.
Revised data released by the Commerce Department on Thursday showed U.S. gross domestic product jumped by slightly more than originally estimated in the fourth quarter of 2020. The Commerce Department said GDP surged up by 4.1 percent in the fourth quarter compared to the previously reported 4.0 percent spike.
New orders for U.S. manufactured durable goods spiked by much more than expected in the month of January, according to a report released by the Commerce Department on Thursday. The report said durable goods orders soared by 3.4 percent in January after jumping by an upwardly revised 1.2 percent in December.
A report released by the Labor Department on Thursday showed a steep drop in first-time claims for U.S. unemployment benefits in the week ended February 20th. The Labor Department said initial jobless claims tumbled to 730,000, a decrease of 111,000 from the previous week's revised level of 841,000.
Revised data released by the Commerce Department on Thursday showed U.S. gross domestic product jumped by slightly more than originally estimated in the fourth quarter of 2020.
New orders for U.S. manufactured durable goods spiked by much more than expected in the month of January, according to a report released by the Commerce Department on Thursday.
A report released by the Labor Department on Thursday showed a steep drop in first-time claims for U.S. unemployment benefits in the week ended February 20th.
Data released by the Commerce Department on Wednesday showed a much bigger than expected jump in new home sales in the U.S. in the month of January. The Commerce Department said new home sales spiked by 4.3 percent to an annual rate of 923,000 in January after soaring by 5.5 percent to a revised rate of 885,000 in December.