Consumer Prices Increase for Third Consecutive Month
The cost of living in the United States rose for a third consecutive month, driven by fuel and housing and indicating that inflation is moving closer to the Federal Reserve’s goal.
Housing Starts Surged to a Nine-Year High in October
U.S. new-home construction jumped to a nine-year high in October as an outsize advance in the number of apartment projects accompanied a strong pickup for single-family housing.
Manufacturing Output Rises for a Second Month in October
Output at U.S. manufacturers rose for a second month in October, a sign the industry is gradually recovering from a prolonged period of weakness.
Retail Sales Jump More Than Forecast in Broad Advance
Sales at U.S. retailers rose in October more than forecast in a broad advance after an even stronger September than initially estimated, showing consumers continue to pump up the economy.
Third-Quarter Productivity Increases by Most in Two Years
Worker productivity rose in the third quarter by the most in two years as the economy picked up steam, offering a respite from the weak efficiency gains that have defined the U.S. expansion.
Jobless Claims Rise to Highest Level in Almost Three Months
Filings for U.S. unemployment benefits unexpectedly rose to the highest level in almost three months, extending increases from a four-decade low.
Consumer Spending Climbs by Most in Three Months
Consumer purchases climbed in September by the most in three months as incomes grew, signaling momentum in the biggest part of the U.S. economy.
US Economic Growth Rebounds on Inventory, Export Boost
U.S. economic growth picked up in the third quarter after an uninspiring first half of the year as a build in inventories and a soybean-related jump in exports helped cushion softer household spending.
Orders for Capital Goods Decline by Most Since February
Orders for U.S. business equipment fell in September by the most in seven months, indicating corporate investment is having trouble gaining traction.
Wholesale Prices Rose More Than Expected in September
Wholesale prices in the United States rose by more than projected in September, helped by higher costs for energy and food and indicating inflation may be picking up.