Philly Fed Index Unexpectedly Turns Negative In November
(RTTNews) - A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November.
The Philly Fed said its diffusion index for current general activity tumbled to a negative 5.5 in November from a positive 10.3 in October, with a negative reading indicating contraction. Economists had expected the index to edge down to a positive 8.0.
However, the Philly Fed said firms continue to expect growth over the next six months, with growth expectations more widespread this month.
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U.S. Consumer Sentiment Improves Less Than Previously Estimated In November
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U.S. Leading Economic Index Falls Slightly More Than Expected In October
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Philly Fed Index Unexpectedly Indicates Contraction In November
A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity softened overall in the month of November. The Philly Fed said its diffusion index for current general activity tumbled to a negative 5.5 in November from a positive 10.3 in October, with a negative reading indicating contraction.
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U.S. Weekly Claims Dip To Lowest Level In Over Six Months
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th. The report said initial jobless claims slipped to 213,000, a decrease of 6,000 from the previous week's revised level of 219,000. Economists had expected jobless claims to inch up to 220,000.
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U.S. Weekly Claims Unexpectedly Dip To 213,000
The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended November 16th
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Fed's Barkin Warns U.S. Vulnerable To Inflation Shocks - FT
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U.S. Housing Starts Tumble 3.1% In October, More Than Expected
New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.
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