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U.S. GDP Jumps Less Than Previously Estimated In Q1
(RTTNews) - Revised data released by the Commerce Department on Thursday showed the U.S. economy grew by less than previously estimated in the first quarter of 2026.
The report said real gross domestic product shot up by 1.6 percent in the first quarter, reflecting a downward revision from the previously reported 2.0 percent surge.
The downward revision came as a surprise to economists, who had expected jump in GDP to be upwardly revised to 2.1 percent.
The Commerce Department said the slower than previously estimated growth primarily reflected downward revisions to investment and consumer spending.
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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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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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U.S. Jobless Claims Unexpectedly Edge Down To 206,000
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U.S. Producer Prices Increase In Line With Estimates In August
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