Philly Fed Index Unexpectedly Slumps To -19.4 In November
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday showed regional manufacturing activity unexpectedly contracted at a faster rate in the month of November.
The Philly Fed said its diffusion index for current activity tumbled to a negative 19.4 in November from a negative 8.7 in October, with a negative reading indicating a contraction in regional manufacturing activity.
The decrease by the Philly Fed index came as a surprise to economists, who had expected the index to inch up to a negative 6.2.
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Fed Leaves Interest Rates Unchanged After Three Straight Cuts
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17h 38min ago
U.S. Consumer Confidence Index Decreases From Upwardly Revised Level
The Conference Board released a report on Tuesday showing its U.S. consumer confidence index decreased from a notably upwardly revised level in January. The report said the consumer confidence index slid to 104.1 in January from an upwardly revised 109.5 in December. Economists had expected the consumer confidence index to climb to 106.3 from the 104.7 originally reported for the previous month.
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U.S. Durable Goods Orders Unexpectedly Plunge 2.2% In December
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U.S. New Home Sales Surge Much More Than Expected In December
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2 days ago
U.S. Consumer Sentiment Deteriorates More Than Previously Estimated In January
Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. unexpectedly deteriorated by more than previously estimated in the month of January. The University of Michigan said its consumer sentiment index for January was downwardly revised to 71.1 from the preliminary reading of 73.2. Economists had expected the index to be unrevised.
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U.S. Existing Home Sales Jump Much More Than Expected In December
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U.S. Weekly Jobless Claims Extend Rebound
After reporting a rebound by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further upside in the week ended January 18th. The Labor Department said initial jobless claims rose to 223,000, an increase of 6,000 from the previous week's unrevised level of 217,000.
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6 days ago
U.S. Weekly Jobless Claims Inch Up More Than Expected
After reporting a rebound by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further upside in the week ended January 18th.
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6 days ago
