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Philly Fed Index Slumps More Than Expected In May
(RTTNews) - Philadelphia-area manufacturing activity saw a notable slowdown in the pace of growth in the month of May, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday.
The Philly Fed said its diffusion index for current general activity tumbled to 4.5 in May from 15.5 in April, although a positive reading still indicates growth. Economists had expected the index to decrease to 8.0.
Looking ahead, the Philly Fed said firms continue to expect growth over the next six months.
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U.S. Business Inventories Increase In Line With Estimates In September
The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with economist estimates in the month of September. The report said business inventories rose by 0.2 percent in September after coming in unchanged in August.
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U.S. Retail Sales Unchanged In October As Auto Sales Tumble
A report released by the Commerce Department on Tuesday showed retail sales in the U.S. were roughly flat in the month of October. The Commerce Department said retail sales were virtually unchanged in October after inching up by a downwardly revised 0.1 percent in September. Economists had expected retail sales to rise by 0.2 percent.
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U.S. Job Growth Exceeds Estimates In November After October Slump
Employment in the U.S. increased by more than expected in the month of November, according to a report released by the Labor Department on Tuesday, although the job growth followed a notable decrease in employment in October. The report said non-farm payroll employment climbed by 64,000 jobs in November after tumbling by 105,000 jobs in October.
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U.S. Retail Sales Unexpectedly Unchanged In October
A report released by the Commerce Department on Tuesday showed retail sales in the U.S. were roughly flat in the month of October.
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U.S. Employment Climbs More Than Expected In November
Employment in the U.S. increased by more than expected in the month of November, according to a report released by the Labor Department on Tuesday.
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U.S. Homebuilder Confidence Inches Up In Line With Estimates In December
The National Association of Home Builders released a report on Monday showing a modest improvement by U.S. homebuilder confidence in the month of December. The report said the NAHB/Wells Fargo Housing Market Index crept up to 39 in December after inching up to 38 in November. The uptick, which matched economist estimates, lifted the index to its highest level since hitting 40 in April.
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New York Manufacturing Index Unexpectedly Turns Negative In December
A report released by the Federal Reserve Bank of New York on Monday showed an unexpected downturn by regional manufacturing activity in the month of December. The New York Fed said its general business conditions index plunged to a negative 3.9 in December from a positive 18.7 in November, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 10.6
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New York Manufacturing Index Plunges Much More Than Expected In December
A report released by the Federal Reserve Bank of New York on Monday showed an unexpected downturn by regional manufacturing activity in the month of December.
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