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U.S. Durable Goods Orders Rebound Much More Than Expected In November
(RTTNews) - Reflecting a significant rebound in orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods surged by much more than expected in the month of November.
The report said durable goods orders spiked by 5.4 percent in November after tumbling by a revised 5.1 percent in October.
Economists had expected durable goods orders to jump by 2.2 percent compared to the 5.4 percent nosedive that had been reported for the previous month.
Excluding the rebound in orders for transportation equipment, durable goods orders climbed by 0.5 percent in November after falling by 0.3 percent in October. Ex-transportation orders were expected to inch up by 0.1 percent.
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U.S. Homebuilder Confidence Improves Much More Than Expected In October
A report released by the National Association of Home Builders on Thursday showed homebuilder confidence in the U.S. has improved by much more than anticipated in the month of October. The report said the NAHB/Wells Fargo Housing Market Index jumped to 37 in October after holding steady at 32 in September. Economists had expected the index to inch up to 33.
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Philly Fed Index Plunges To Six-Month Low In October
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current general activity plummeted to a negative 12.8 in October after spiking to a positive 23.2 in September, with a negative reading indicating contraction.
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Philly Fed Index Plunges Much More Than Expected In October
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October.
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Fed's Beige Book Says U.S. Economic Activity Little Changed
Economic activity in the U.S. has shown little change since early September, according to the Federal Reserve's Beige Book.
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U.S. Mortgage Applications Fall For Third Week: MBA
Mortgage applications for house purchase in the U.S. decreased for a third week in a row, survey results from the Mortgage Bankers Association showed on Wednesday.
The market composite index, which measures the house purchase mortgage loan application volume, dropped a seasonally adjusted 1.8 percent in the week ended October 10 following a 4.7 percent decline in the previous week, results of th
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New York Manufacturing Index Unexpectedly Indicates Growth In October
New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index surged to a positive 10.7 in October after plunging to a negative 8.7 in September, with a positive reading indicating growth.
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New York Manufacturing Index Unexpectedly Returns To Positive Territory
New York manufacturing activity has seen a significant turnaround in the month of October, according to a report released by the Federal Reserve Bank of New York on Wednesday.
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IMF Raises Global Growth Forecast As Tariff Impact Less Severe Than Feared
The International Monetary Fund lifted the global growth forecast for this year and next as the impact of the trade tariffs has been less severe than initially expected but warned that the policy uncertainty remains high.
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