ECONOMIC UPDATES
Sunday, November 07
Last Week in the News The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 56.9 in October after reaching 54.4 in September. Economists had anticipated a reading of 54.5. A reading above 50 signals expansion. It was the 15th straight month...
ECONOMIC UPDATES
Monday, November 01
Last Week in the News Existing home sales rose 10% in September to a seasonally adjusted annual rate of 4.53 million units from a revised 4.12 million units in August. The inventory of unsold homes on the market declined 1.9% to 4.04 million, a 10.7-month supply at the current sales pace, down...
ECONOMIC UPDATES
Monday, October 25
Last Week in the News Industrial production at the nation's factories, mines and utilities fell 0.2% in September, following a 0.2% increase in August. Economists had anticipated a gain of 0.2%. Capacity utilization fell to 74.7% in September from a revised 74.8% in August.The National Associa...
ECONOMIC UPDATES
Monday, October 18
Last Week in the News The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending October 8 rose 14.6%. Refinancing applications jumped 21%. Purchase volume fell 8.5%.The trade deficit increased 8.8% to $46.3 billion in August. Eco...
ECONOMIC UPDATES
Thursday, September 30
Last Week in the News The National Association of Home Builders/Wells Fargo housing market index was unchanged in September at 13. An index reading below 50 indicates negative sentiment about the housing market. The combined construction of new single-family homes and apartments in August rose...
ECONOMIC UPDATES
Sunday, September 19
Last Week in the News Retail sales rose 0.4% in August after a revised 0.3% increase in July. It was the biggest gain since March. Economists had anticipated retail sales to rise 0.3% in August.Total business inventories rose 1% in July, following a revised 0.5% increase in June. Total busines...