Manufacturing firms responding to the Federal Reserve Bank of Philadelphia's monthly Business Outlook Survey unexpectedly indicated that regional manufacturing activity has contracted in the month of May.
While the Commerce Department released a report on Thursday showing that U.S. housing starts fell by much more than anticipated in the month of April, the report also showed a substantial increase in building permits. The Commerce Department said housing starts tumbled 16.5 percent to a seasonally adjusted annual rate of 853,000 in April from the revised March estimate of 1.021 million.
Following a recent downward trend, first-time claims for U.S. unemployment benefits rebounded by much more than anticipated in the week ended May 11th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims rose to 360,000, an increase of 32,000 from the previous week's revised figure of 328,000.
With energy prices showing a substantial decrease, the Labor Department released a report on Thursday showing that U.S. consumer prices fell by slightly more than expected in the month of April.
While the Commerce Department released a report on Thursday showing that U.S. housing starts fell by much more than expected in the month of April, the report also showed a substantial increase in building permits.
Following a recent downward trend, first-time claims for U.S. unemployment benefits rebounded by more than anticipated in the week ended May 11th, according to a report released by the Labor Department on Thursday.
previous article inaccurately stated change in overall industrial production)
Industrial production fell in April, according to new government statistics released Wednesday. This came with another decline in manufacturing output. The figures also indicated that the economy remains sluggish in terms...
U.S. homebuilder confidence rose has risen more than expected in May, as attractive interest rates and a relatively low supply of existing homes has encouraged people to build new dwellings.
Builder confidence in the market for newly built, single-family homes improved three points to a 44 reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for May.
Wholesale inflation remained in check in April. New government figures showed that producer prices fell during the month, spurred lower by a continued slide in energy prices. Meanwhile, core prices showed only a slight advance, keeping pressure off the Federal Reserve to change its low-interest rate stance.
Manufacturing activity in New York State unexpectedly shrank in May, according to the results of a key regional factory survey released on Wednesday. The Federal Reserve Bank of New York said its Empire State Manufacturing Index came in at a negative 1.4 for May. This was down from a positive 3.1 in the previous month. Economists had expected the index to rise to a reading of positive 3.75.
The New York Federal Reserve said its Empire State Manufacturing Index came in at a negative 1.4 for May. This was down from a positive 3.1 in the previous month.
Economists had expected the index to rise to a reading of positive 3.75.
The Empire State Index measures manufacturing activity in...
Producer prices dropped 0.7 percent in April, according to figures released Wednesday by the U.S. Department of Labor. The decline was spurred by a slide in energy prices. Core prices, which exclude the volatile food and energy sector, edged up by a modest 0.1 percent.
Import prices in the U.S. fell in line with economist estimates in the month of April, according to a report released by the Labor Department on Tuesday.
The report said imports prices fell by 0.5 percent in April following a revised 0.2 percent drop in March. The drop in import prices matched economist estimates.
Import prices in the U.S. fell in line with economist estimates in the month of April, according to a report released by the Labor Department on Tuesday.
A leading indicator of the Organization for Economic Cooperation and Development (OECD) area economy recorded further increase in March, signaling that economic growth is gaining momentum, latest data showed Tuesday.
The composite leading index, which is designed to anticipate turning points in economic...