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Philly Fed Index Plummets Much More Than Expected In April
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing a steep drop by its reading on regional manufacturing activity in the month of April.
The Philly Fed said its diffusion index for current general activity plummeted to a negative 26.4 in April from a positive 12.5 in March, with a negative reading indicating contraction. Economists had expected the index to slump to a positive 2.0.
Looking ahead, the Philly Fed said future activity indicators continue to suggest subdued expectations for growth over the next six months, although the diffusion index for future general activity inched up to 6.9 in April from 5.6 in March.
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U.S. Factory Orders Spike Slightly Less Than Expected In March
The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
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1 day ago
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
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1 day ago
U.S. Employment Jumps Much More Than Expected In April
Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday.
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1 day ago
U.S. Construction Spending Unexpectedly Falls 0.5% In March
Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
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2 days ago
U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April
The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.
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2 days ago
U.S. Jobless Claims Rise Much More Than Expected To Two-Month High
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
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2 days ago
U.S. Weekly Jobless Claims Rise Much More Than Expected
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th.
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2 days ago
U.S. Pending Home Sales Unexpectedly Spike 6.1% March
Partly reflecting a substantial increase in the South, the National Association of Realtors released a report on Wednesday showing an unexpected spike by pending home sales in the U.S. in the month of March. NAR said its pending home sales index surged by 6.1 percent to 76.5 in March after jumping by 2.1 percent to a revised to 72.1 in February.
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3 days ago
