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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. Wholesale Inventories Unexpectedly Flat In August
With an uptick in inventories of durable goods offset by a dip in inventories of non-durable goods, the Commerce Department released a report showing U.S. wholesale inventories came in roughly flat in the month of August. The report said wholesale inventories were virtually unchanged in August after inching up by 0.1 percent in July.
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4h 18min atrás
U.S. Consumer Sentiment Deteriorates Slightly Less Than Previously Estimated In November
Partly reflecting the end of the U.S. government shutdown, the University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of November. The University of Michigan said its consumer sentiment index for November was upwardly revised to 51.0 from the preliminary reading of 50.3.
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4h 30min atrás
U.S. Existing Home Sales Jump To Eight-Month High In October
Partly reflecting strength in the Midwest, the National Association of Realtors released a report on Thursday showing existing home sales in the U.S. increased by much more than expected in the month of October. NAR said existing home sales shot up by 1.2 percent to an annual rate of 4.10 million in October after jumping by 1.3 percent to a downwardly revised rate of 4.05 million in September.
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1 dia atrás
Philly Fed Index Rebounds But Remains Negative In November
After reporting a steep drop by its reading on regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released on report on Thursday showing the index rebounded in November but remained in negative territory. The Philly Fed said its diffusion index for current general activity jumped to a negative 1.7 in November.
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1 dia atrás
U.S. Jobless Claims Dip Slightly More Than Expected To 220,000
First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended November 15th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 220,000, a decrease of 8,000 from the previous week's level of 228,000. Economists had expected jobless claims to edge down to 223,000.
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1 dia atrás
U.S. Employment Jumps By 119,000 Jobs In September, Much More Than Expected
A long-delayed report released by the Labor Department on Thursday showed employment in the U.S. increased by much more than expected in the month of September. The Labor Department said non-farm payroll employment jumped by 119,000 jobs in September after a revised dip of 4,000 jobs in August. Economists had expected employment to rise by 50,000 jobs.
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1 dia atrás
Philly Fed Index Rebounds More Than Expected In November
After reporting a steep drop by its reading on regional manufacturing activity in the previous month, the Federal Reserve Bank of Philadelphia released on report on Thursday showing the index rebounded in November but remained in negative territory.
RTTNews
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1 dia atrás
U.S. Weekly Jobless Claims Dip More Than Expected
First-time claims for U.S. unemployment benefits fell by more than expected in the week ended November 15th, according to a report released by the Labor Department on Thursday.
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1 dia atrás
