U.S. GDP Jumps Slightly Less Than Previously Estimated In Q4
(RTTNews) - Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by slightly less than previously estimated in the fourth quarter of 2023.
The Commerce Department said the jump by real gross domestic product in the fourth quarter was downwardly revised to 3.2 percent from the previously reported 3.3 percent. Economists had expected the surge in GDP to be unrevised.
The slightly slower than previously estimated growth reflected downward revisions to private inventory investment and federal government spending as well as an upward revision to imports, which are a subtraction in the calculation of GDP.
Meanwhile, the report also showed upward revisions to state and local government spending, consumer spending, residential fixed investment, nonresidential fixed investment and exports.
baca selengkapnya
U.S. Construction Spending Unexpectedly Increases In August
A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.
RTTNews
|
14 jam 9 menit yang lalu
U.S. Manufacturing Index Edges Lower In September But Still Indicates Growth
Manufacturing activity in the U.S. expanded for the ninth consecutive month in September, according to a report released by the Institute for Supply Management on Thursday. The ISM said its manufacturing PMI edged down to 54.5 in September from 54.6 in August, but a reading above 50 still indicates growth. Economists had expected the index to inch up to 55.0.
RTTNews
|
14 jam 16 menit yang lalu
U.S. Jobless Claims Unexpectedly Edge Down To 197,000
A day ahead of the release of its more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 26th. The Labor Department said initial jobless claims slipped to 197,000, a decrease of 1,000 from the previous week's revised level of 198,000.
RTTNews
|
15 jam 47 menit yang lalu
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 197,000
A day ahead of the release of its more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 26th.
RTTNews
|
16 jam 35 menit yang lalu
Chicago Business Barometer Surges Back Into Expansionary Territory In September
A report released by MNI Indicators on Wednesday showed a substantial rebound by its reading on Chicago-area business activity in the month of September. MNI Indicators said its Chicago business barometer spiked to 58.8 in September from 47.1 in August, with a reading above 50 indicating growth. Economists had expected the index to jump to 51.0.
RTTNews
|
1 hari yang lalu
U.S. Consumer Prices Rise 0.3% In August, Slightly Less Than Expected
The Commerce Department released a closely watched report on Wednesday showing consumer prices in the U.S. rose by slightly less than expected in the month of August. The Commerce Department said its personal consumption expenditures (PCE) price index increased by 0.3 percent in August following a revised 0.1 percent uptick in July.
RTTNews
|
1 hari yang lalu
U.S. Private Sector Job Growth Exceeds Estimates In September
Private sector employment in the U.S. jumped by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday. ADP said private sector employment shot up by 90,000 jobs in September after rising by a downwardly revised 36,000 jobs in August. Economists had expected private sector employment to increase by 70,000 jobs.
RTTNews
|
1 hari yang lalu
U.S. GDP Jumps Much More Than Previously Estimated In Q2
Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by much more than previously estimated in the second quarter of 2026.
RTTNews
|
1 hari yang lalu
