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Consumer sentiment in the U.S. unexpectedly improved to its best level in thirteen years in the month of January, according to a report released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for January was upwardly revised to 98.5.
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Economic growth in the U.S. slowed by more than anticipated in the final three months of 2016, according to a report released by the Commerce Department on Friday. The Commerce Department said gross domestic product increased by 1.9 percent in the fourth quarter following a 3.5 percent jump in the third quarter.
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Personal income in the U.S. increased by slightly less than expected in the month of December, according to a report released by the Labor Department on Monday.
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Personal income in the U.S. increased by slightly less than expected in the month of December, according to a report released by the Commerce Department on Monday.
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With increases in the South and West offset weakening activity in the Northeast and Midwest, the National Association of Realtors released a report on Monday showing that pending home sales increased by much more than expected in the month of December.
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Chicago-area business activity was nearly flat in the month of January, according to a report released by MNI Indicators on Tuesday. MNI Indicators said its Chicago business barometer dropped to 50.3 in January from a revised 53.9 in December, hitting its lowest level since last May.
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After reporting U.S. consumer confidence at a fifteen-year high in the previous month, the Conference Board released a report on Tuesday showing a drop in consumer confidence in the month of January. The Conference Board said its consumer confidence index fell to 111.8 in January from a revised 113.3 in December.
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Reflecting a steep drop in spending on public construction, the Commerce Department released a report on Wednesday showing an unexpected pullback in U.S. construction spending in the month of December. The report said construction spending dipped by 0.2 percent to an annual rate of $1.182 trillion.
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A report released by the Institute for Supply Management on Wednesday showed growth in the U.S. manufacturing sector accelerated to the fastest rate in over two years in the month of January. The ISM said its purchase managers index rose to 56.0 in January from a revised 54.5 in December.
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Reflecting a sharp increase in orders for non-durable goods, the Commerce Department released a report on Friday showing a bigger than expected rebound in new orders for U.S. manufactured goods in the month of December. The Commerce Department said factory orders surged up by 1.3 percent.
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