New York Manufacturing Index Plunges Much More Than Expected In March

RTTNews | 271 days ago
New York Manufacturing Index Plunges Much More Than Expected In March

(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March.

The New York Fed said its general business conditions index plunged to a negative 20.0 in March after jumping to a positive 5.7 in February, with a negative reading indicating contraction. Economists had expected the index to fall to a negative 1.9.

Looking ahead, the report said optimism about the outlook waned considerably for a second consecutive month, as the index for future business activity slumped to 12.7 in March after tumbling to 22.2 in February.

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U.S. Wholesale Inventories Climb Much More Than Expected In September

U.S. Wholesale Inventories Climb Much More Than Expected In September

Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August. Economists had expected wholesale inventories to inch up by 0.1 percent.
RTTNews | 1 day ago
U.S. Trade Deficit Unexpectedly Narrows In September As Exports Surge

U.S. Trade Deficit Unexpectedly Narrows In September As Exports Surge

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September. The Commerce Department said the trade deficit shrank to $52.8 billion in September from a revised $59.3 billion in August. Economists had expected the trade deficit to widen to $63.3 billion.
RTTNews | 2 days ago
U.S. Jobless Claims Rebound More Than Expected To 236,000

U.S. Jobless Claims Rebound More Than Expected To 236,000

First-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended December 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 236,000, an increase of 44,000 from the previous week's revised level of 192,000. Economists had expected jobless claims to climb to 220,000.
RTTNews | 2 days ago
U.S. Trade Deficit Unexpectedly Narrows In September

U.S. Trade Deficit Unexpectedly Narrows In September

Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September.
RTTNews | 2 days ago
U.S. Leading Economic Index Falls 0.3% In September

U.S. Leading Economic Index Falls 0.3% In September

A report released by the Conference Board on Tuesday showed a continued decrease by its reading on leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index fell by 0.3 percent in September, matching an upwardly revised dip in August.
RTTNews | 4 days ago