Philly Fed Index Skyrockets Into Positive Territory In January
(RTTNews) - 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. Economists had expected the index to jump to a negative 5.0.
Looking ahead, the Philly Fed said the diffusion index for future general activity jumped to 46.3 in January from 33.8 in December, suggesting more widespread expectations for overall growth over the next six months.
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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
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hace 9h 12min
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
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hace 9h 28min
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
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hace 9h 31min
U.S. Retail Sales Rise 0.4% In December, Less Than Expected
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by less than expected in the month of December. The report said retail sales rose by 0.4 percent in December after advancing by an upwardly revised 0.8 percent in November. Economists had expected retail sales to climb by 0.6 percent.
RTTNews
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hace 9h 38min
U.S. Weekly Jobless Claims Rebound From Nearly Eleven-Month Low
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended January 11th. The Labor Department said initial jobless claims climbed to 217,000, an increase of 14,000 from the previous week's revised level of 203,000. Economists had expected jobless claims to rise to 210,000.
RTTNews
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hace 9h 43min
U.S. Import Prices Inch Up In Line With Estimates 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.
RTTNews
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hace 10h 56min
U.S. Retail Sales Rise Less Than Expected In December
The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by less than expected in the month of December.
RTTNews
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hace 10h 58min
U.S. Weekly Jobless Claims Rebound To 217,000
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended January 11th.
RTTNews
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hace 11h 1min
