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Growth in U.S. manufacturing activity accelerated by more than anticipated in the month of December, according to a report released by the Institute for Supply Management on Tuesday.The ISM said its purchasing managers index climbed to 54.7 in December from 53.2 in November.
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Service sector activity in the U.S. saw continued growth in the month of December, the Institute for Supply Management revealed in a report on Thursday. The ISM said its non-manufacturing index came in at 57.2 in December, unchanged from the November figure. A reading above 50 indicates growth in the service sector.
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After reporting a sharp increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Friday showing that factory orders pulled back in the month of November.
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While fuel prices showed a substantial rebound, the Labor Department released a report on Thursday showing that U.S. import prices rose by less than expected in the month of December. The Labor Department said import prices climbed by 0.4 percent in December after edging down by a revised 0.2 percent in November.
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Growth in New York manufacturing activity has seen a modest slowdown in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions index edged down to 6.5 in January from a revised 7.6 in December, although a reading above 50 still indicates growth.
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Homebuilder confidence in the U.S. saw a modest pullback in the month of January, according to a report released by the National Association of Home Builders on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index dipped to 67 in January after jumping to 69 in December.
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After reporting a drop in U.S. industrial production in the previous month, the Federal Reserve released a report on Wednesday showing that production rebounded strongly in the month of December. The Fed said industrial production climbed by 0.8 percent in December after slumping by a revised 0.7 percent in November.
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Sales of previously owned homes slipped in December, hurt by a lack of available homes. The decline, which was slightly more than economists had predicted, took the figure off a multi-year high reached in the previous month.
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A report released by the Conference Board on Thursday showed that its index of leading U.S. economic indicators rose by slightly more than expected in the month of December. The Conference Board said its leading economic index climbed by 0.5 percent in December after inching up by 0.1 percent in November.
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New home sales in the U.S. saw a sharp pullback in the month of December, according to a report released by the Commerce Department on Thursday. The Commerce Department said new home sales tumbled by 10.4 percent to an annual rate of 536,000 in December after jumping by 4.7 percent to a revised rate of 598,000 in November.
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