New York Manufacturing Index Tumbles Much More Than Expected In October
(RTTNews) - Following a significant turnaround in the previous month, the Federal Reserve Bank of New York released a report on Tuesday showing regional manufacturing activity has returned to contraction in the month of October.
The New York Fed said its general business conditions index tumbled to a negative 11.9 in October from a positive 11.5 in September, with a negative reading indicating contraction. Economists had expected the index to decrease to a positive 2.3.
Despite the downturn in October, the New York Fed said optimism about the six-month outlook grew strongly, with the index for future business activity jumping to a multi-year high of 38.7 in October from 30.6 in September.
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U.S. Dollar Slumps Amid Lingering Worries About Trump Tariffs
Following the rebound seen during trading on Tuesday, the value of the U.S. dollar is extending Monday's slump during trading on Wednesday.
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10 ชม. 35 นาทีที่ผ่านมา
U.S. Pending Home Sales Unexpectedly Increase In October
The National Association of Realtors released a report on Wednesday unexpectedly showing a continued increase by U.S. pending home sales in the month of October. NAR said its pending home sales index jumped by 2.0 percent to 77.4 in October after soaring by 7.5 percent to an upwardly revised 75.9 in September. Economists had expected pending home sales to pull back by 1.3 percent.
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16 ชม. 2 นาทีที่ผ่านมา
U.S. Consumer Price Growth Matches Estimates In October
A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with expectations in the month of October. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in October, matching the uptick seen in September as well as economist estimates.
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16 ชม. 5 นาทีที่ผ่านมา
Chicago Business Barometer Unexpectedly Edges Lower In November
A report released by MNI Indicators on Wednesday showed an unexpected decreased by its reading on Chicago-area business activity in the month of November. MNI Indicators said its Chicago business barometer slipped to 40.2 in November from 41.6 in October, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 44.7.
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16 ชม. 22 นาทีที่ผ่านมา
U.S. Economic Growth Unrevised At 2.8% In Third Quarter
The jump by U.S. economic activity in the third quarter was unrevised compared to the previous estimate, according to a report released by the Commerce Department on Wednesday. The Commerce Department said gross domestic product surged by 2.8 percent in the third quarter, unchanged versus the "advance" estimate issued last month.
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16 ชม. 36 นาทีที่ผ่านมา
U.S. Durable Goods Orders Rise 0.2% In October, Less Than Expected
The Commerce Department released a report on Wednesday showing new orders for U.S. manufactured durable goods increased by less than expected in the month of October. The report said durable goods orders crept up by 0.2 in October after falling by a revised 0.4 percent in September. Economists had expected durable goods orders to climb by 0.5 percent.
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16 ชม. 39 นาทีที่ผ่านมา
U.S. Consumer Prices Rise In Line With Estimates In October
A closely watched report released by the Commerce Department on Wednesday showed consumer prices in the U.S. increased in line with estimates in the month of October.
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16 ชม. 41 นาทีที่ผ่านมา
U.S. Weekly Jobless Claims Unexpectedly Edge Lower Once Again
A report released by the Labor Department on Wednesday showed first-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 23rd. The Labor Department said initial jobless claims dipped to 213,000, a decrease of 2,000 from the previous week's revised level of 215,000. Economists had expected jobless claims to rise to 217,000.
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17 ชม. 5 นาทีที่ผ่านมา
