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Consumer sentiment in the U.S. improved by less than initially estimated in the month of March, the University of Michigan revealed in a report on Friday. The report said the consumer sentiment index for March was downwardly revised to 96.9 from the preliminary reading of 97.6.
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After reporting a drop in U.S. construction spending in the previous month, the Commerce Department released a report on Monday showing that construction spending rebounded in the month of February. The report said construction spending climbed by 0.8 percent to an annual rate of $1.193 trillion in February.
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After reporting U.S. service sector growth at its fastest rate in well over a year in the previous month, the Institute for Supply Management released a report on Wednesday showing that the pace of growth in the sector slowed by more than expected in the month of March.
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With the monthly jobs report looming, the Labor Department released a report on Thursday showing a much bigger than expected drop in first-time claims for U.S. unemployment benefits in the week ended April 1st. The report said initial jobless claims fell to 234,000.
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With revolving and non-revolving credit both rising, the Federal Reserve released a report on Friday showing that U.S. consumer credit increased roughly in line with economist estimates in the month of February.
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A report released by the Commerce Department on Friday showed U.S. wholesale inventories rebounded in line with economist estimates in the month of February. The Commerce Department said wholesale inventories rose by 0.4 percent in February after edging down by 0.2 percent in January.
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Reflecting a steep drop in fuel prices, the Labor Department released a report on Wednesday showing an unexpected decline in U.S. import prices in the month of March. The Labor Department said import prices dipped by 0.2 percent in March after climbing by a revised 0.4 percent in February.
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Consumer sentiment in the U.S. has unexpectedly improved in the month of April, according to a report released by the University of Michigan on Thursday. The report said the consumer sentiment index rose to 98.0 in April from 96.9 in March. Economists had expected the index to edge down to 96.6.
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A report released by the Labor Department on Thursday showed a modest decrease in U.S. producer prices in the month of March. The Labor Department said its producer price index for final demand edged down by 0.1 percent in March after rising by 0.3 percent in February.
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Business inventories in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Commerce Department on Friday. The Commerce Department said business inventories rose by 0.3 percent in February.
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