US service sector grows in March

Source: Business Insider
The ISM Non-Manufacturing Index jumped to 55.7 points in the fourth month of the year, following March's 54.5 reading and surpassing analysts' expectations of 54.8. Meanwhile, the Markit Services PMI for the United States improved to 52.8 from the initial reading of 52.1 and March's 51.3 points.
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Wed, 04 May 2016 15:20:09 GMT

US crude oil inventories increase more-than-expected

On Wednesday, the Energy Information Administration's weekly report revealed that crude oil inventories in the US increased by 2.8 million barrels in the period ended April 29, following a 2.0 million increase seen in the previous seven days and surpassing analysts' forecasts for a 0.5 million gain.

Wed, 04 May 2016 14:47:06 GMT

US unit labour costs grow 4.1% in Q1

ULC in the United States' private sector jumped 4.1% in the first three months of the year, according to the latest data released on Wednesday. In the meantime, US hourly compensation grew 3.0% in the Q1 of 2016, whereas productivity posted a 1.0% decrease. Unit labour costs rose 2.3% over the past four quarters.

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