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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. Business Inventories Unexpectedly Unchanged In August
Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.
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18h 22min ago
U.S. Consumer Confidence Deteriorates Much More Than Expected In November
A report released by the Conference Board on Tuesday showed a substantial deterioration by U.S. consumer confidence in the month of November. The Conference Board said is consumer confidence index tumbled to 88.7 in November from an upwardly revised 95.5 in October. Economists had expected the consumer confidence index to dip to 93.3 from the 94.6 originally reported for the previous month.
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18h 33min ago
U.S. Pending Home Sales Unexpectedly Surge To 11-Month High In October
The National Association of Realtors released a report on Tuesday showing an unexpected jump by pending home sales in the U.S. in the month of October. October said its pending home sales index shot up by 1.9 percent to 76.3 in October after inching up by 0.1 percent to an upwardly revised 74.9 in September. Economists had expected pending home sales to decrease by 0.4 percent.
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18h 52min ago
U.S. Producer Price Growth Matches Estimates In September
A long-delayed report released by the Labor Department on Tuesday showed producer prices in the U.S. increased in line with economist estimates in the month of September. The Labor Department said its producer price index for final demand rose by 0.3 percent in September after edging down by 0.1 percent in August. The monthly price growth matched expectations.
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18h 55min ago
U.S. Retail Sales Rise 0.2% In September, Less Than Expected
Retail sales in the U.S. increased by less than expected in the month of September, according to a long-delayed reported released by the Commerce Department on Tuesday. The Commerce Department said retail sales rose by 0.2 percent in September after climbing by 0.6 percent in August. Economists had expected retail sales to rise by 0.4 percent.
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19h 12min ago
U.S. Producer Prices Increase In Line With Estimates In September
A long-delayed report released by the Labor Department on Tuesday showed producer prices in the U.S. increased in line with economist estimates in the month of September.
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20h 25min ago
U.S. Retail Sales Rise Less Than Expected In September
Retail sales in the U.S. increased by less than expected in the month of September, according to a long-delayed reported released by the Commerce Department on Tuesday.
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20h 29min ago
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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4 days ago
