New York Manufacturing Index Pulls Back Less Than Expected In July
(RTTNews) - After reporting a significant turnaround in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Monday showing a pullback in the pace of growth in the month of July.
The New York Fed said its general business conditions index fell to 1.1 in July after surging to 6.6 in June, although a positive reading still indicates growth. Economists had expected the index to drop to zero.
Looking ahead, the New York Fed said firms expect conditions to improve but noted optimism remains muted.
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U.S. Leading Economic Index Unexpectedly Edges Lower In August
A report released the Conference Board on Friday unexpectedly showed a modest decrease by its reading on leading U.S. economic indicators in the month of August. The Conference Board said its leading economic index edged down by 0.1 percent in August after rising by 0.2 percent in July. Economists had expected the index to inch up by 0.1 percent.
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2 days ago
U.S. Industrial Production Unexpectedly Flat In August
With a jump in utilities output offset by a decrease in manufacturing output, the Federal Reserve released a report on Friday showing U.S. industrial production unexpectedly came in flat in the month of August. The Fed said industrial production was unchanged in August after rising by an unrevised 0.2 percent in July. Economists had expected industrial production to climb by 0.3 percent.
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2 days ago
U.S. Pending Home Sales Rebound From Six-Month Low In August
A report released by the National Association of Realtors on Thursday showed a modest rebound in pending home sales in the month of August. NAR said pending home sales index rose by 0.3 percent to 71.2 in August after tumbling by 2.6 percent to a revised 71.0 in July. Economists had expected pending home sales to climb by 0.5 percent.
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3 days ago
Philly Fed Index Pulls Back Off Five-Year High In September
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September. The Philly Fed said its diffusion index for current general activity fell to 37.8 in September after climbing to 47.4 in August, although a positive reading still indicates growth.
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3 days ago
U.S. Housing Starts Unexpectedly Tumble 2.6% In August
New residential construction in the U.S. unexpectedly saw further downside in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said housing starts tumbled by 2.6 percent to an annual rate of 1.309 million in August after plunging by 9.0 percent to a revised rate of 1.439 million in July.
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3 days ago
U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July
A report released by the Labor Department on Thursday showed an unexpected decline in first-time claims for U.S. unemployment benefits in the week ended September 12th. The Labor Department said initial jobless claims fell to 196,000, a decrease of 10,000 from the previous week's unrevised level of 206,000. Economists had expected jobless claims to inch up to 208,000.
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3 days ago
Philly Fed Index Pulls Back Much Less Than Expected In September
The Federal Reserve Bank of Philadelphia released a report on Thursday showing a smaller-than-expected pullback by its reading on regional manufacturing activity in the month of September.
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3 days ago
U.S. Housing Starts Unexpectedly See Further Downside In August
New residential construction in the U.S. unexpectedly saw further downside in the month of August, according to a report released by the Commerce Department on Thursday.
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3 days ago
