U.S. Wholesale Inventories Unexpectedly Flat In August

RTTNews | 8天前
U.S. Wholesale Inventories Unexpectedly Flat In August

(RTTNews) - With an uptick in inventories of durable goods offset by a dip in inventories of non-durable goods, the Commerce Department released a report showing U.S. wholesale inventories came in roughly flat in the month of August.

The report said wholesale inventories were virtually unchanged in August after inching up by 0.1 percent in July. Economists had expected wholesale inventories to slip by 0.2 percent.

Wholesale inventories came in roughly flat as inventories of durable goods crept up by 0.1 percent, while inventories of non-durable goods edged down by 0.1 percent.

Meanwhile, the Commerce Department said wholesale sales inched up by 0.1 percent in August after surging by 1.3 percent in July. Sales of durable goods rose by 0.3 percent, but sales of non-durable goods slipped by 0.1 percent.

The report also said the inventories/sales ratio for merchant wholesalers came in at 1.28 in August, unchanged from the previous month.

read more
U.S. Mortgage Applications Grow Despite Rising Rates: MBA

U.S. Mortgage Applications Grow Despite Rising Rates: MBA

Home loan applications approved and purchase activity in the U.S. increased in the week ended November 21 even as mortgage rates continued to climb, survey data from the Mortgage Bankers Association revealed on Wednesday.
RTTNews | 2天前
Chicago Business Barometer Unexpectedly Plunges In November

Chicago Business Barometer Unexpectedly Plunges In November

MNI Indicators released a report on Wednesday unexpectedly showing a steep drop by its reading on Chicago-area business activity in the month of November. The report said the Chicago business barometer plunged to 36.3 in November after climbing to 43.8 in October, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 44.3.
RTTNews | 3天前
U.S. Durable Goods Orders Climb 0.5% In September, More Than Expected

U.S. Durable Goods Orders Climb 0.5% In September, More Than Expected

New orders for U.S. manufactured durable goods increased by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.5 percent in September after spiking by an upwardly revised 3.0 percent in August. Economists had expected durable goods orders to rise by 0.3 percent.
RTTNews | 3天前
U.S. Weekly Jobless Claims Unexpectedly Dip To Seven-Month Low

U.S. Weekly Jobless Claims Unexpectedly Dip To Seven-Month Low

A report released by the Labor Department on Wednesday showed an unexpected dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd. The Labor Department said initial jobless claims slipped to 216,000, a decrease of 6,000 from the previous week's revised level of 222,000. Economists had expected jobless claims to inch up to 225,000.
RTTNews | 3天前
U.S. Business Inventories Unexpectedly Unchanged In August

U.S. Business Inventories Unexpectedly Unchanged In August

Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.
RTTNews | 4天前
U.S. Consumer Confidence Deteriorates Much More Than Expected In November

U.S. Consumer Confidence Deteriorates Much More Than Expected In November

A report released by the Conference Board on Tuesday showed a substantial deterioration by U.S. consumer confidence in the month of November. The Conference Board said is consumer confidence index tumbled to 88.7 in November from an upwardly revised 95.5 in October. Economists had expected the consumer confidence index to dip to 93.3 from the 94.6 originally reported for the previous month.
RTTNews | 4天前