Existing home sales in the U.S. climbed to their highest level in nearly fourteen years in the month of August, according to a report released by the National Association of Realtors on Tuesday.
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Existing home sales in the U.S. climbed to their highest level in nearly fourteen years in the month of August, according to a report released by the National Association of Realtors on Tuesday.
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Consumer sentiment in the U.S. improved slightly more than initially estimated in the month of October, according to revised data released by the University of Michigan on Friday. The report showed the consumer sentiment index for October was upwardly revised to 81.8 from the preliminary reading of 81.2. Economists had expected the reading to be unrevised.
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Construction spending in the U.S. increased by less than expected in the month of September, the Commerce Department revealed in a report released on Monday. The report said construction spending rose by 0.3 percent to an annual rate of $1.414 trillion in September after climbing by 0.8 percent to $1.410 trillion in August. Economists had expected construction spending to jump by 1.0 percent.
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Partly reflecting a jump in retail inventories, the Commerce Department released a report on Tuesday showing U.S. business inventories increased by more than expected in the month of September. The report said business inventories climbed by 0.7 percent in September after rising by 0.3 percent in August. Economists had expected inventories to increase by 0.5 percent.
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Partly reflecting a continued increase in manufacturing output, the Federal Reserve released a report on Tuesday showing U.S. industrial production rose by slightly more than expected in the month of November. The report said industrial production climbed by 0.4 percent in November following a downwardly revised 0.9 percent advance in October.
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Consumer confidence in the U.S. has unexpectedly decrease in the month of December, according to a report released by the Conference Board on Tuesday, with the report also showing a substantial downward revision to the reading on consumer confidence in November. The Conference Board said its consumer confidence index slid to 88.6 in December from a downwardly revised 92.9 in November.
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With the impact of the coronavirus pandemic on the labor market intensifying, payroll processor ADP released a report on Wednesday showing an unexpected drop in private sector employment in the U.S. in the month of December.
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A report released by the Commerce Department on Wednesday showed new orders for U.S. manufactured goods increased by more than expected in the month of November. The Commerce Department said factory orders surged up by 1.0 percent in November after jumping by an upwardly revised 1.3 percent in October.
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