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Philly Fed Index Inches Up Less Than Expected In October
(RTTNews) - The Federal Reserve Bank of Philadelphia released a report on Thursday showing a continued contraction in regional manufacturing activity in the month of October.
The Philly Fed said its diffusion index for current activity inched up to a negative 8.7 in October from a negative 9.9 in September, but a negative reading still indicates a contraction. Economists had expected the index to climb to a negative 5.0.
Looking ahead, the Philly Fed said the survey's future general activity indexes suggest that the surveyed firms expect declines overall over the next six months.
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U.S. Jobless Claims Unexpectedly Slip To 227,000
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U.S. Weekly Jobless Claims Unexpectedly Edge Lower
First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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U.S. Wholesale Inventories Dip In Line With Estimates In May
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American Households' Inflation Expectations Steady; More Optimism On Finances: NY Fed Survey
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