Empire State Manufacturing Index climbed to 22.5

Business activity grew robustly in New York State, according to firms responding to the March 2018 Empire State Manufacturing Survey. The headline general business conditions index climbed nine points to 22.5. The new orders index rose to 16.8 and the shipments index advanced to 27.0—readings that pointed to strong growth in orders and shipments. Unfilled orders increased, delivery times lengthened, and inventories edged higher. Read more...

Unemployment Claims decreased to 226,000

In the week ending March 10, the advance figure for seasonally adjusted initial claims was 226,000, a decrease of 4,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 231,000 to 230,000. The 4-week moving average was 221,500, a decrease of 750 from the previous week's revised average. The previous week's average was revised down by 250 from 222,500 to 222,250.


U.S. Retail Sales down by 0.1%

U.S. retail sales unexpectedly fell in February for a third month, adding to signs that consumer spending will cool this quarter from the previous period’s hot pace, according to Commerce Department figures released Wednesday. Overall sales fell 0.1% (est. up 0.3%) after 0.1% decrease in prior month (prev. down 0.3%); Dec. figure revised to down 0.1%. Purchases at automobile dealers fell 0.9%, the second straight month with such a reading.


U.S. PPI rose by 0.2%

The Producer Price Index for final demand advanced 0.2 percent in February, seasonally  adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices rose 0.4  percent in January and were unchanged in December. On an unadjusted basis, the final demand index increased 2.8 percent for the 12 months ended in February. In February, the rise in final demand prices is attributable to a 0.3-percent advance in the index for final demand services.


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