Government, Business

New Home Sales Unexpectedly Rise, Showing Some Stabilization

Sales of new U.S. homes unexpectedly rose in February after a downward revision to the prior month, suggesting the housing market is beginning to stabilize after a tumultuous year

Reade Pickert | Bloomberg News
March 23, 2023
Government, Business

Manufacturing Shrinks at Slower Pace in February, Prices Gauge Jumps

A gauge of manufacturing improved for the first time in six months, though activity remained in contraction territory amid fragile demand and growing inflationary pressures.

Reade Pickert | Bloomberg News
March 1, 2023
Government, Business, Equipment

Factory Gauge Falls to Lowest Since May 2020

The U.S. manufacturing downturn deepened in January, fueled by a further pullback in orders and factory production.

Reade Pickert | Bloomberg News
February 1, 2023
Government, Business, Equipment

Producer Price Index Sees Biggest Decline Since April 2020

U.S. producer prices dropped in December by the most since the start of the pandemic, extending a monthslong pullback in inflationary pressures and giving the Federal Reserve room to slow the pace of interest-rate hikes.

Reade Pickert | Bloomberg News
January 18, 2023
Government, Business

Labor Data Surprises as Job Market Runs Hotter Than Forecast

Data released Jan. 5 reinforced the strength of the labor market, with hiring at U.S. companies far exceeding expectations and applications for jobless benefits falling to a three-month low.

Reade Pickert | Bloomberg News
January 5, 2023
Government, Business, Equipment, Logistics

Manufacturing Contracts in December for Second Straight Month

U.S. manufacturing activity contracted for a second month in December, capping the steepest annual slide in the key factory gauge since 2008 and helping to further tame price pressures.

Reade Pickert | Bloomberg News
January 4, 2023
Government, Business, Equipment

Homebuilder Sentiment Extends Record Decline to 12 Months

U.S. homebuilder sentiment fell every month in 2022, sinking in December to a level not seen in more than a decade outside of the pandemic amid elevated mortgage rates and high construction costs.

Reade Pickert | Bloomberg News
December 19, 2022
Government, Business

Hiring and Wages Extend Strong Gains, Keeping Pressure on Fed

Employers added more jobs than forecast and wages surged by the most in nearly a year, pointing to enduring inflation pressures that boost chances of higher interest rates from the Federal Reserve.

Reade Pickert | Bloomberg News
December 2, 2022
Government, Business, Equipment, Logistics

Business Equipment Orders Rebounded Sharply in October

Orders placed with U.S. factories for business equipment rebounded in October, suggesting capital spending plans are holding up in the face of higher borrowing costs and broader economic uncertainty.

Reade Pickert | Bloomberg News
November 23, 2022
Government, Business

Inflation Slowed More Than Forecast in October

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest rate hikes.

Reade Pickert | Bloomberg News
November 10, 2022