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New York Manufacturing Index Unexpectedly Returns To Positive Territory
(RTTNews) - 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. Economists had expected the index to climb to a negative 1.8.
Looking ahead, the New York Fed said firms grew more optimistic about the outlook, with the future general business conditions index jumping to 30.3 in October from 14.8 in September.
The index reached its highest level since hitting 36.7 in January, as close to half of firms expect conditions to improve in the months ahead.
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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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2 дней спустя
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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2 дней спустя
U.S. Small Business Confidence Weakens For First Time In 3 Months: NFIB
Small business morale in the U.S. eroded for the first time in three months in September as business struggle with rising inflation, weaker sales outlook and labor shortage, survey data from the National Federation of Independent Business showed on Tuesday.
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2 дней спустя
