New York Manufacturing Index Unexpectedly Increases In August
(RTTNews) - The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August.
The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.
With the unexpected increase, the general business conditions index reached its highest level since hitting 20.2 in November 2024.
Looking ahead, the New York Fed said firms continue to expect conditions to improve in the months ahead, although optimism has diminished compared to last month.
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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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U.S. Industrial Production Unexpectedly Flat In August
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U.S. Pending Home Sales Rebound From Six-Month Low In August
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Philly Fed Index Pulls Back Off Five-Year High In September
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U.S. Housing Starts Unexpectedly Tumble 2.6% In August
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U.S. Jobless Claims Unexpectedly Dip To Lowest Level Since Mid-July
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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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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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