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Philly Fed Index Rises Less Than Expected In October
(RTTNews) - Philadelphia-area manufacturing activity contracted at a slower rate in the month of October, 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 climbed to a negative 9.0 in October from a negative 13.5 in September, although a negative reading still indicates contraction. Economists had expected the index to increase to a negative 6.6.
Looking ahead, the report said firms continue to expect growth overall over the next six months, but most future indicators declined.
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U.S. Job Openings Fall To Ten-Month Low In July
Job openings in the U.S. fell to their lowest level in ten months in July, according to a report released by the Labor Department on Wednesday. The Labor Department said job openings dipped to 7.181 million in July after tumbling to a downwardly revised 7.357 million in June.
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Chicago Business Barometer Slumps Much More Than Expected In August
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U.S. PCE Price Index Increased In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
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