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Attachment 46787
Preliminary data released by the University of Michigan on Friday unexpectedly showed an improvement in U.S. consumer sentiment in the month of December. The report said the consumer sentiment index climbed to 59.1 in December from 56.8 in November, while economists had expected the index to drop to 53.3.
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Attachment 46822
U.S. economic activity unexpectedly jumped more than previously estimated in the third quarter, according to revised data released by the Commerce Department on Thursday. The report showed the surge in real gross domestic product in the third quarter was upwardly revised to 3.2 percent from the previously reported 2.9 percent.
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Attachment 47106
The U.S. economy grew by much more than previously estimated in the first quarter of 2023, according to revised data released by the Commerce Department on Thursday. The Commerce Department said gross domestic product jumped by 2.0 percent in the first quarter compared to the previously estimated 1.3 percent increase. Economists had expected the pace of GDP growth to be unrevised.
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Attachment 47161
A report released by the Institute for Supply Management on Tuesday showed U.S. manufacturing activity contracted for the ninth consecutive month in July. The ISM said its manufacturing PMI crept up to 46.4 in July from 46.0 in June, but a reading below 50 continues to indicate contraction. Economists had expected the index to inch up to 46.8.
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A report released by MNI Indicators on Thursday showed Chicago-area business activity unexpectedly expanded for the first time in over a year in the month of November. MNI Indicators said its Chicago business barometer surged to 55.8 in November from 44.0 in October, with a reading above 50 indicating growth. Economists had expected the index to inch up to 45.4.
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The National Association of Realtors released a report on Friday showing pending home sales in the U.S. skyrocketed by much more than expected in the month of December. NAR said its pending home sales index spiked by 8.3 percent to 77.3 in December after slipping by 0.3 percent to a downwardly revised 71.4 in November.
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U.S. service sector activity grew in May after shrinking in April for the first time since December 2022, survey data from the Institute for Supply Management on Wednesday. The ISM services PMI rose to 53.8 in May from 49.4 in April, with a reading above 50 indicating growth in the sector. Economists had expected the index to inch up to 50.8.
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The National Association of Realtors released a report on Wednesday showing a substantial rebound by pending home sales in the U.S. in the month of June. NAR said its pending home sales surged by 4.8 percent to 74.3 in June after tumbling by 1.9 percent to a revised reading of 70.9 in May. Economists had expected pending home sales to jump by 1.3 percent.
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New residential construction in the U.S. saw a steep drop in the month of July, according to a report released by the Commerce Department on Friday. The report said housing starts plunged by 6.8 percent to an annual rate of 1.238 million in July after jumping by 1.1 percent to a revised rate of 1.329 million in June.
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Consumer sentiment in the U.S. has improved by more than anticipated in the month of September, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index rose to 69.0 in September from 67.9 in August, while economists had expected the index to inch up to 68.0.
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