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November 15, 2024
A report by the Federal Reserve Bank of New York showed that regional manufacturing activity saw a substantial turnaround in November. The New York Fed said its general business conditions index skyrocketed to a positive 31.2 in November from a negative 11.9 in October, with a positive reading indicating growth. Economists expected the index to jump to a negative 0.7. With the anticipated increase, the general business conditions index reached its highest since December 2021. Furthermore, the New York Fed said firms remained optimistic that conditions would continue to improve in the months ahead. 11/15/2024 - 08:43:00 (RTTNews)
The Labor Department released a report revealing an unexpected rise in U.S. import prices in October. Import prices rose by 0.3% in October after falling by 0.4% in September. Economists expected import prices to edge down by 0.1%. Meanwhile, the Labor Department said export prices climbed by 0.8% in October following a revised 0.6% decrease in September. Export prices were expected to slip to 0.1% compared to the 0.7% decline reported for the previous month. 11/15/2024 - 08:40:00 (RTTNews)
Reflecting a rise in sales among motor vehicle and parts dealers, the Commerce Department reported that retail sales in the U.S. increased slightly more than expected in October. Retail sales rose by 0.4% in October, following an upwardly revised 0.8% in September. Economists expected retail sales to climb by 0.3% compared to the 0.4% increase initially reported for the previous month. Excluding the surge in motor vehicle and parts dealer sales, retail sales inched up by 0.1% in October after jumping 1.0% in September. Thus, sales excluding autos were expected to rise by 0.3%. 11/15/2024 - 08:37:00 (RTTNews)
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