Factory activity in Texas expanded in October for the fifth straight month, accelerating to a more than two-year high, data from the Federal Reserve Bank of Dallas showed Monday. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, came in at 25.5 in October, up from 22.3 in September and indicative of a solid expansion of output. In the survey, researchers at the Federal Reserve in Dallas ask Texas executives about a range...
Purchases of new single-family houses in the U.S. decreased in September, breaking a four-month streak of gains. Here are the main takeaways from the Commerce Department's report released Monday:. --New home sales fell 3.5% in September compared with August to a seasonally adjusted annual rate of 959,000..
The U.S. economy continued to expand at an above-average rate in September but growth lost steam compared with previous months, data from the Federal Reserve Bank of Chicago showed Monday. The Chicago Fed National Activity Index stood at 0.27 in September, down from an upwardly revised 1.11 in August. The figure came in below economists' consensus, who polled by FactSet expected the indicator to be at 0.73.
--German business sentiment fell in October, ending a five-month rising streak. --Companies' assessment of their current situation improved slightly, but their expectations worsened. --Business climate improved for manufacturing, but worsened for the trade, service and construction sectors.
German business sentiment fell in October after increasing for five consecutive months, the Ifo Institute said Monday. In view of rising coronavirus cases, German businesses are becoming increasingly worried, Ifo said. The Ifo business-climate index came in at 92.7 points in October, compared with a downwardly revised 93.2 points in September.
The surname of Zach Mottl was misspelled as Motti in "China Trade War Didn't Boost U.S. Manufacturing Might "at 5: 44 a.m. (END) Dow Jones Newswires 10-25-20 1550 ET Copyright (c) 2020 Dow Jones& Company, Inc..
Former Vice President Joe Biden is running for president on the sort of platform that usually makes business sweat: higher taxes on corporations and investors, aggressive action to phase out fossil fuels, stronger unions and an expanded government role in health care. Yet many business executives and their allies are greeting the prospect of a Biden presidency with either ambivalence or relief. Credit that not to who Mr.
WASHINGTON-- President Trump's trade war against China didn't achieve the central objective of reversing a U.S. decline in manufacturing, economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports. The tariffs did succeed in reducing the trade deficit with China in 2019, but the overall U.S. trade imbalance was bigger than ever that year and has continued climbing, soaring to a record $84 billion in August as U.S. importers...
The following are forecasts for next week's U.S. data from a survey compiled by The Wall Street Journal. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Monday 1000 New Home Sales Sep 1.02 M 1.01 M-- percent change Sep +1.0% +4.8% 1030 Dallas Fed Mfg Svy Oct N/A 13.6 Tuesday 0830 Durable Goods Orders Sep +0.3% +0.5%* 0900 S&P/Case-Shiller 20- City Aug N/A +3.9% HPI Y/Y 1000 Consumer Confidence Oct 102.3 101.8 1000 Richmond Fed Mfg Svy Oct N/A 21 Thursday 0830 Jobless Claims Oct 24 783 K 787...
Economic activity in the U.S. grew at the fastest pace in more than a year and a half as businesses anticipated greater demand, an easing of coronavirus-related restrictions and less uncertainty following November's election, surveys of purchasing managers showed. The U.S. survey figures are the latest sign the economy continues to recover from the shock created by the coronavirus pandemic. Worker filings for jobless benefits so far this month fell to the lowest level since...
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