ISM Manufacturing Index unch at 46.7% in November 2023
12/01/23 10:00AM - Economic activity in the manufacturing sector contracted in November for the 13th consecutive month following a 28-month period of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: …more…
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Construction Spending increased 0.6% in October 2023
12/01/23 08:30AM - Total Construction
Construction spending during October 2023 was estimated at a seasonally adjusted annual rate of $2,027.1 billion, 0.6 percent (±1.0 percent)* above the revised September estimate of $2,014.7 billion. The October figure is 10.7 percent (±1.6 percent) above the October 2022 estimate of $1,830.5 billion. During the first ten …more…
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Pending Home Sales dropped 1.5% in October 2023
11/30/23 10:00AM - Pending home sales dropped 1.5% in October, according to the National Association of REALTORS®. The Northeast posted a monthly gain in transactions while the Midwest, South and West all recorded losses. All four U.S. regions noted year-over-year declines in transactions.
The Pending Home Sales Index (PHSI)* – a forward-looking indicator of home sales based on contract signings – dropped 1.5% to 71.4 in October, the lowest number since the index was originated in 2001. Year over year, pending transactions declined 8.5%. An index of 100 is …more…
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Weekly Initial Unemployment Claims increase 7,000 to 218,000
11/30/23 09:47AM - In the week ending November 25, the advance figure for seasonally adjusted initial claims was 218,000, an increase of
7,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 209,000 to
211,000. The 4-week moving average was 220,000, a decrease of 500 from the previous week's revised …more…
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Personal Income Increased 0.2%, Spending Increased 0.2% in September 2023
11/30/23 08:30AM - Personal income increased $57.1 billion (0.2 percent at a monthly rate) in October, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $63.4 billion (0.3 percent) and personal consumption expenditures (PCE) …more…
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Beige Book: Economic Activity slowed since the previous report
11/29/23 02:00PM - Overall Economic Activity
On balance, economic activity slowed since the previous report, with four Districts reporting modest growth, two indicating conditions were flat to slightly down, and six noting slight declines in activity. Retail sales, including autos, remained mixed; sales of discretionary items and durable goods, like furniture …more…
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3Q2023 GDP preliminary estimate increased 5.2%
11/29/23 08:30AM - Real gross domestic product (GDP) increased at an annual rate of 5.2 percent in the third quarter of 2023 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.1 percent.
The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was 4.9 percent. The update primarily reflected upward revisions to nonresidential fixed …more…
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Purchase Apps up, Refi's down in Latest MBA Weekly Survey
11/29/23 07:00AM - Mortgage applications increased 0.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 24, 2023. This week’s results include an adjustment for the observance of the …more…
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Consumer Confidence increased in November 2023 to 102.0
11/28/23 10:00AM - The Conference Board Consumer Confidence Index® increased in November to 102.0 (1985=100), up from a downwardly revised 99.1 in October. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—ticked down slightly to 138.2 (1985=100), from 138.6. The Expectations Index—based on …more…
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Richmond Fed's Current Activity slowed to -5 in November 2023
11/28/23 10:00AM - Fifth District manufacturing activity slowed in November, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index decreased from 3 in October to −5 in November. Of its three component indexes, shipments fell from 9 to −8, new orders edged down from −4 to −5, and employment decreased from …more…
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