Official data from the Labor Department has today revealed that US consumer prices fell for the third consecutive month in June, by 0.1% on a monthly basis.
The fall was attributed to declines in energy prices, which were down 2.9%, food prices remained flat.
The fall in June followed declines of 0.1% and 0.2% in April and [...]
The Commerce Department today announced retail sales fell by 0.5% in June – the second consecutive monthly fall after a downwardly revised 1.1% fall in May.
Sales were hit by a decline in sales of petrol and cars and were slightly worse than the 0.2% fall expected by analysts.
Meanwhile, on an annual basis, sales were [...]
Industrial production in the euro zone increased for the third month in a row in May.
Industrial output rose by 0.9% from April and was 9.4% higher than in May 2009, according to European Union statistics agency Eurostat.
However, the figures missed forecasts of a 1.3% monthly rise and an 11.3% annual gain.
“May’s euro zone [...]
The National Association of Realtors (NAR) today said its Pending Home Sales Index rose for the third consecutive month in April boosted by the expiration of a Government tax credit.
The NAR said the index rose 6% in April – far exceeding the 4.3% rise which many analysts had predicted.
However, the index is 22.4% higher [...]
According to the Commerce Department, consumer spending in the US rose for a fifth consecutive month in February, by 0.3%, as widely expected.
The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, followed a revised 0.4% rise in January.
According to the data, consumers increased their spending [...]
According to the Commerce Department, US consumer spending rose faster than expected in January by 0.5% – the fourth consecutive monthly rise.
The rise in consumer spending, which makes up for more than two-thirds of overall economic activity in the US, was better than expectations of 0.4%.
Meanwhile, the data said personal incomes crept up 0.1% – [...]