Factory Production Drops for First Time in Three Months
U.S. factory output dropped in November for the first time in three months, showing an anemic recovery in manufacturing after an extended slowdown.
Manufacturing Expands at Best Pace in Five Months
Manufacturing expanded in November at the fastest pace in five months, indicating American producers are finding more relief in resilient domestic demand.
Consumer Spending Rises at More Moderate Pace, Incomes Jump
Personal spending increased at a more moderate pace in October after the biggest gain in five months, while faster income growth signaled demand will be sustained.
US Economy Expanded More Than Previously Reported on Sunnier Consumer Spending
The U.S. economy expanded last quarter more than previously reported on a sunnier picture of household spending, the primary growth engine.
Sales of New Homes Declined to Four-Month Low in October
Purchases of new U.S. homes declined in October to a four-month low, showing the residential real estate market began to soften a month prior to a jump in borrowing costs.
Job Openings Rose in September From Lowest Level This Year
Job openings in the rose in September from the lowest level of the year and hiring slowed, figures from the U.S. Department of Labor’s Job Openings and Labor Turnover Survey showed Nov. 8.
Companies in US Add Fewest Workers in Five Months, ADP Says
Companies added 147,000 workers in October, the fewest in five months and marking a more limited pace of job creation, data from the ADP Research Institute showed Oct. 2.
Consumer Comfort Jumps on Big Upswing in Views of US Economy
Consumer sentiment climbed during the week of Oct. 17 by the most since January 2015 on one of the biggest gains ever recorded for Americans’ attitudes about the economy, according to figures from the Bloomberg News Consumer Comfort Index released Oct. 27.
Sales of New Homes Remain Close to Nine-Year High
Purchases of new U.S. homes in September stayed near a nine-year high, showing residential real estate was maintaining momentum heading into the quieter selling season.
Sales of Existing Homes Increase More Than Forecast
Sales of previously owned U.S. homes increased more than projected in September, showing residential real estate continues to contribute modestly to growth, National Association of Realtors data showed Oct. 20.