Consumer Sentiment Jumps to Highest Level in a Year
Consumer confidence in the U.S. jumped in May to the highest level in almost a year, propelled by the strongest views on inflation-adjusted income gains in a decade.
Consumer Sentiment Declines to Seven-Month Low in April
Consumer confidence fell to a seven-month low in April as Americans’ expectations about economic growth dropped to the lowest point since September 2014.
Manufacturing Output Falls by Most Since February 2015
U.S. manufacturing output unexpectedly declined in March by the most since February 2015, indicating factories remain scarred by global challenges that are slow to dissipate.
US Services Grow at Faster Pace for First Time in Five Months
Growth in America’s service industries accelerated in March for the first time in five months, indicating the economy was improving after a sluggish start to the year.
Core US Consumer Prices Increase More Than Forecast Again
Consumer prices in the United States excluding food and fuel climbed more than forecast in February for a second month, adding to signs inflation is moving closer to the Federal Reserve’s target. The overall cost of living fell amid cheaper fuel.
Wholesale Prices Decrease in February on Fuel, Food
Wholesale prices in the United States fell in February, held down by lower fuel costs that have kept inflation languishing below the Federal Reserve’s goal.
Consumer Spending Rises in January by Most in Eight Months
Consumer purchases climbed in January by the most in eight months, fueled by faster earnings growth and indicating the biggest part of the U.S. economy gained momentum at the start of 2016.
Manufacturing Output Rises by Most Since July 2015
U.S. manufacturing output rose in January by the most since July 2015, a sign the industry was starting to stabilize at the beginning of the year.
Jobless Claims Rise as Post-Holiday Adjustments Continue
More Americans filed applications for unemployment benefits last week as employers continued to adjust staffing levels after the holidays.
Service Industries Expand at Slowest Pace Since 2014
Service industries expanded in January at the slowest pace in nearly two years, raising the risk that persistent weakness in manufacturing is starting to spread to the rest of the U.S. economy.