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U.S. Industrial Production Climbs Much More Than Expected In February
(RTTNews) - The Federal Reserve released a report on Tuesday showing industrial production in the U.S. increased by much more than expected in the month of January.
The report said industrial production climbed by 0.7 percent in February after climbed by a downwardly revised 0.3 percent in January.
Economists had expected industrial production to rise by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.
The Fed said mining output surged by 2.8 percent and manufacturing output advanced by 0.9 percent, while utilities output tumbled by 2.5 percent.
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U.S. Industrial Production Climbs 0.7% In February, Much More Than Expected
The Federal Reserve released a report on Tuesday showing industrial production in the U.S. increased by much more than expected in the month of January. The report said industrial production climbed by 0.7 percent in February after climbing by a downwardly revised 0.3 percent in January.
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U.S. Import, Export Prices Unexpectedly Increase In February
A report released by the Labor Department on Tuesday showed an unexpected increases by U.S. import and export prices in the month of February. The Labor Department said import prices climbed by 0.4 percent in February, matching an upwardly revised increase in January.
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U.S. Housing Starts Spike 11.2% In February, Much More Than Expected
New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday. The Commerce Department said housing starts spiked by 11.2 percent to an annual rate of 1.501 million in February after plunging by 11.5 percent to a revised rate of 1.350 million in January.
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U.S. Import Prices Unexpectedly Climb 0.4% In February
A report released by the Labor Department on Tuesday showed an unexpected increase by U.S. import prices in the month of February.
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U.S. Housing Starts Rebound Much More Than Expected In February
New residential construction in the U.S. rebounded by much more than anticipated in the month of February, according to a report released by the Commerce Department on Tuesday.
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U.S. Business Inventories Rise In Line With Estimates In January
Business inventories in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said business inventories rose by 0.3 percent in January after dipping by 0.2 percent in December. The rebound matched expectations.
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U.S. Homebuilder Confidence Slumps To Seven-Month Low In March
A report released by the National Association of Home Builders on Monday showed a continued deterioration by U.S. homebuilder confidence in the month of March. The report said the NAHB/Wells Fargo Housing Market Index fell to 39 in March after slumping to 42 in February. Economists had expected the index to remain unchanged.
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New York Manufacturing Activity Drops Significantly In March
The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing activity dropped significantly in the month of March. The New York Fed said its general business conditions index plunged to a negative 20.0 in March after jumping to a positive 5.7 in February, with a negative reading indicating contraction. Economists had expected the index to fall to a negative 1.9.
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