Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October

RTTNews | Před 80 dny
Chicago Business Barometer Unexpectedly Slumps To Five-Month Low In October

(RTTNews) - MNI Indicators released a report on Thursday showing its reading on Chicago-area business activity unexpectedly tumbled to a five-month low in October.

The report said MNI Indicators' Chicago business barometer slumped to 41.6 in October from 46.6 in September, with a reading below 50 indicating contraction. Economists had expected the business barometer to inch up to 47.0.

The unexpected decrease dragged the Chicago business barometer down to its lowest level since May 2024.

The steep drop by the Chicago business barometer came as the production index plunged by 7.8 basis points to its lowest level since April due to nearly 40 percent of respondents reporting lower production.

The new orders and order backlogs indexes also dove by 4.6 points and 8.5 points, respectively, falling to their lowest levels since May.

MNI Indicators said the employment index also slumped by 5.5 points, as over 90 percent of respondents reported same or smaller employment.

On the inflation front, the prices paid index softened by 7.0 points after reaching its highest level since August 2023 in September.

Značky : USD
read more
U.S. Housing Starts Skyrocket To Ten-Month High In December

U.S. Housing Starts Skyrocket To Ten-Month High In December

A report released by the Commerce Department on Friday showed new residential construction in the U.S. surged by much more than anticipated in the month of December. The Commerce Department said housing starts soared by 15.8 percent to an annual rate of 1.499 million in December after tumbling by 3.7 percent to a revised rate of 1.294 million in November.
RTTNews | Před 2 dny
U.S. Housing Market Index Unexpectedly Inches Up To Nine-Month High In January

U.S. Housing Market Index Unexpectedly Inches Up To Nine-Month High In January

Reflecting hopes for an improved economic growth and regulatory environment, the National Association of Home Builders released a report on Thursday unexpectedly showing a modest improvement by U.S. homebuilder confidence in the month of January. The report said the NAHB/Wells Fargo Housing Market Index crept up to 47 in January from 46 in December.
RTTNews | Před 3 dny
Philly Fed Index Skyrockets To Highest Level Since April 2021

Philly Fed Index Skyrockets To Highest Level Since April 2021

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial turnaround by regional manufacturing activity in the month of January. The Philly Fed said its diffusion index for current general activity skyrocketed to a positive 44.3 in January from a negative 10.9 in December, with a positive reading indicating growth.
RTTNews | Před 3 dny
U.S. Import Prices Inch Up 0.1% For Third Straight Month In December

U.S. Import Prices Inch Up 0.1% For Third Straight Month In December

Following yesterday's more closely watched report on consumer price inflation, the Labor Department released a report on Thursday showing import prices in the U.S. crept up in line with estimates in the month of December. The Labor Department said import prices inched up by 0.1 percent in December, matching the upticks seen in November and October as well as expectations.
RTTNews | Před 3 dny