New York Manufacturing Index Unexpectedly Turns Positive In September
(RTTNews) - The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing grew for the first time in nearly a year in the month of September.
The New York Fed said its general business conditions index surged to a positive 11.5 in September from a negative 4.7 in August, with a positive reading indicating growth. Economists had expected the index to inch up to a negative 3.9.
The report also said firms grew more optimistic that conditions would improve in the months ahead, as the index for future business activity climbed to 30.6 in September from 22.9 in August.
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U.S. Existing Home Sales Slump To Ten-Month Low In August
The National Association of Realtors released a report on Thursday showing a sharp pullback by U.S. existing home sales in the month of August. NAR said existing home sales tumbled by 2.5 percent to an annual rate of 3.86 million in August after jumping by 1.3 percent to an annual rate of 3.95 million in July.
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U.S. Leading Economic Index Dips Slightly Less Than Expected In August
A report released by the Conference Board on Thursday showed its reading on leading U.S. economic indicators edged down slightly less than expected in the month of August. The Conference Board said its leading economic index dipped by 0.2 percent in August after falling by 0.6 percent in July. Economists had expected the index to decrease by 0.3 percent.
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Philly Fed Index Indicates Return To Growth In September
A reading on Philadelphia-area manufacturing activity returned to positive territory in the month of September, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday. The report said the diffusion index for current general activity jumped to a positive 1.7 in September from a negative 7.0 in August, with a positive reading indicating growth.
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U.S. Jobless Claims Unexpectedly Decrease To Nearly Four-Month Low
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slid to 219,000, a decrease of 12,000 from the previous week's revised level of 231,000. Jobless claims fell to their lowest level since the week ended May 18th.
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Philly Fed Index Returns To Positive Territory In September
A reading on Philadelphia-area manufacturing activity returned to positive territory in the month of September, the Federal Reserve Bank of Philadelphia revealed in a report released on Thursday.
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U.S. Weekly Jobless Claims Unexpectedly Decrease To 219,000
First-time claims for U.S. unemployment benefits unexpectedly fell to a nearly four-month low in the week ended September 14th, according to a report released by the Labor Department on Thursday.
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Federal Reserve Slashes Rates By 50 Basis Points, Forecasts Continued Rate Cuts
The Federal Reserve on Wednesday announced its widely expected decision to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. With the Fed saying officials have gained greater confidence inflation is moving sustainably toward its 2 percent target, the central bank lowered the target range for the federal funds rate by 50 basis points.
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U.S. Housing Starts, Building Permits Rebound More Than Expected In August
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August. The Commerce Department said housing starts spiked by 9.6 percent to an annual rate of 1.356 million in August after plunging by 3.9 percent to a revised rate of 1.237 million in July.
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