New York Manufacturing Index Unexpectedly Turns Positive In February
(RTTNews) - A report released by the Federal Reserve Bank of New York on Tuesday showed a turnaround by regional manufacturing activity in the month of February.
The New York Fed said its general business conditions index jumped to a positive 5.7 in February from a negative 12.6 in January, with a positive reading indicating growth. Economists had expected the index to climb to a negative 1.0.
Meanwhile, the report said optimism about the outlook for conditions over the next six months dropped significantly, with the index for future business activity slumping to 22.2 in February from 36.7 in January.
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U.S. Leading Economic Index Unexpectedly Decreases In January
Reversing most of the gains from the previous two months, the Conference Board released a report on Thursday showing an unexpected decrease by its reading on leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index fell by 0.3 percent in January following a revised 0.1 percent uptick in December.
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8h 49min ago
Philly Fed Index Pulls Back Sharply But Still Indicates Growth In February
Philadelphia-area manufacturing activity continued to expand in the month of February, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the index of activity in the sector pulled back sharply. The Philly Fed said its diffusion index for current general activity plunged to 18.1 in February after skyrocketing to 44.3 in January.
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9h 43min ago
U.S. Jobless Claims Rise More Than Expected To 219,000
A report released by the Labor Department showed a modest increase by first-time claims for U.S. unemployment benefits in the week ended February 15th. The Labor Department said initial jobless claims rose to 219,000, an increase of 5,000 from the previous week's revised level of 214,000. Economists had expected jobless claims to inch up to 215,000.
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9h 46min ago
Philly Fed Index Pulls Back Sharply In February
Philadelphia-area manufacturing activity continued to expand in the month of February, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the index of activity in the sector pulled back sharply.
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11h 15min ago
U.S. Weekly Jobless Claims Rise More Than Expected
A report released by the Labor Department showed a modest increase by first-time claims for U.S. unemployment benefits in the week ended February 15th.
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11h 21min ago
Fed Officials Want Further Progress On Inflation Before Cutting Rates
Provided the U.S. economy remains near maximum employment, the minutes of the Federal Reserve's latest monetary policy meeting revealed officials want to see further progress on inflation before they consider resuming lowering interest rates.
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1 day ago
U.S. Housing Starts Pull Back Sharply Off Eleven-Month High In January
After reporting a substantial increase by new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts pulled back by more than expected in the month of January. The Commerce Department said housing starts plunged by 9.8 percent to an annual rate of 1.366 million in January.
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1 day ago
U.S. Housing Starts Pull Back More Than Expected In January
After reporting a substantial increase by new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts pulled back by more than expected in the month of January.
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1 day ago
