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New York Manufacturing Index Jumps But Remains Negative In June
(RTTNews) - The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity was little changed in the month of June.
The report showed the general business conditions index rose to a negative 1.2 in June from a negative 11.6 in May, with a negative reading indicating a contraction in regional manufacturing activity. The index was expected to jump to a positive 3.0.
Looking ahead, the New York Fed said optimism about the six-month outlook remained muted, with the index for future business conditions falling to 14.0 in June from 18.0 in May.
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U.S. New Home Sales Rebound Less Than Expected In February
After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing new home sales rebounded by less than expected in the month of February. The Commerce Department said new home sales jumped by 1.8 percent to an annual rate of 676,000 in February after plunging by 6.9 percent to a revised rate of 664,000 in January.
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10h 54min ago
U.S. Consumer Confidence Tumbles More Than Expected In March
Consumer confidence in the U.S. deteriorated by more than expected in the month of March, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index tumbled to 92.9 in March from an upwardly revised 100.1 in February.
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10h 57min ago
U.S. Leading Economic Index Falls Slightly More Than Expected In February
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators fell by slightly more than expected in the month of February. The Conference Board said its leading economic index decreased by 0.3 percent in February after slipping by a revised 0.2 percent in January.
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U.S. Existing Home Sales Unexpectedly Surge 4.2% In February
After reporting a sharp pullback by U.S. existing home sales in the previous month, the National Association of Realtors released a report on Thursday showing existing home sales unexpectedly rebounded in the month of February. NAR said existing home sales surged by 4.2 percent to an annual rate of 4.26 million in February after tumbling by 4.7 percent to a revised rate of 4.09 million in January.
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Philly Fed Index Extends Pullback But Still Indicates Growth In March
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall but was less widespread in the month of March. The Philly Fed said its diffusion index for current general activity slid to 12.5 in March after plunging to 18.1 in February, although a positive reading still indicates growth.
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5 days ago
U.S. Weekly Jobless Claims Inch Up To 223,000
First-time claims for U.S. unemployment benefits crept slightly higher in the week ended March 15th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims inched up to 223,000, an increase of 2,000 from the previous week's revised level of 221,000. Economists had expected jobless claims to rise to 224,000.
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5 days ago
Philly Fed Index Drops Less Than Expected In March
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall but was less widespread in the month of March.
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5 days ago
U.S. Weekly Jobless Claims Inch Slightly Higher
First-time claims for U.S. unemployment benefits crept slightly higher in the week ended March 15th, according to a report released by the Labor Department on Thursday.
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5 days ago
