U.S. GDP Grows Slightly Less Than Previously Estimated In Q4
(RTTNews) - The U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2022, according to revised data released by the Commerce Department on Thursday.
The report said real gross domestic product shot up by 2.6 percent in the fourth quarter compared to the previously reported 2.7 percent jump. Economists had expected the pace of growth to be unrevised.
The Commerce Department said the slower than previously estimated growth reflected downward revisions to exports and consumer spending.
Meanwhile, upward revisions to non-residential fixed investment, residential fixed investment, and state and local government spending helped limit the downside.
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New York Manufacturing Index Pulls Back Sharply But Remains Positive
The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth. The New York Fed said its general business conditions index slumped to 7.6 in September from 20.6 in August.
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9h 39min ago
New York Manufacturing Index Slumps Much More Than Expected In September
The Federal Reserve Bank of New York released a report on Tuesday showing its reading on regional manufacturing activity fell by much more than expected in the month of September but still indicated growth.
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10h 33min ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
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4 days ago
U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.
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4 days ago
U.S. Consumer Prices Increase In Line With Estimates In August
A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August.
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4 days ago
U.S. Wholesale Inventories Jump 1.3% In July, In Line With Estimates
The Commerce Department released a report on Thursday showing a sharp increase in wholesale inventories in the U.S. in the month of July.
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5 days ago
U.S. Existing Home Sales Drop Below 4.0 Mln For First Time Since June 2025
A report released by the National Association of Realtors on Thursday showed an extended slump by existing home sales in the U.S. in the month of August. NAR said existing home sales dove by 2.0 percent to an annual rate of 3.98 million in August after tumbling by 1.7 percent to an annual rate of 4.06 million in July.
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5 days ago
U.S. Producer Prices Increase 0.4% In August, In Line With Estimates
Producer prices in the U.S. increased in line with economist estimates in the month of August, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand rose by 0.4 percent in August following a revised 0.1 percent uptick in July.
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5 days ago
