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Philly Fed Index Indicates Slightly Slower Contraction In January
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity contracted at a slightly slower rate in the month of January.
The Philly Fed said its diffusion index for current general activity rose to a negative 10.6 in January from a revised reading of negative 12.8 in December. A negative reading indicates a contraction in regional manufacturing activity.
Economists had expected the index to rise to a negative 7.0 from the negative 10.5 originally reported for the previous month.
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U.S. Import Price Growth Exceeds Estimates In July
The Labor Department released a report on Friday showing import prices in the U.S. increased by more than expected in the month of July. The report said import prices climbed by 0.4 percent in July after a downwardly revised 0.1 percent dip in June. Economists had expected import prices to inch up by 0.1 percent, matching the 0.1 percent uptick originally reported for the previous month.
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U.S. Retail Sales Climb 0.5% In July, In Line With Estimates
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U.S. Industrial Production Edges Slightly Lower In July
A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July.
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