U.S. Leading Economic Index decreased by 0.3% in March 2024
04/18/24 - The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.3 percent in March 2024 to 102.4 (2016=100), after increasing by 0.2 percent in February. Over the six-month period between September 2023 and March 2024, the LEI contracted by 2.2 percent—a smaller decrease than the 3.4 percent decline over the previous …more…
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Existing-Home Sales Decreased 4.3% in March 2024
04/18/24 - Existing-home sales slipped in March, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year, sales decreased in …more…
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Philadelphia Fed Mfg Outlook Activity expanded in April 2024
04/18/24 - Manufacturing activity in the region continued to expand this month, according to the firms responding to the April Manufacturing Business Outlook Survey. The survey's indicators for general activity, new orders, and shipments all rose. However, the employment index remained negative. Both price indexes continue to suggest overall price …more…
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Weekly Initial Unemployment Claims unch% at 212,000
04/18/24 - In the week ending April 13, the advance figure for seasonally adjusted initial claims was 212,000, unchanged from the
previous week's revised level. The previous week's level was revised up by 1,000 from 211,000 to 212,000. The 4-week
moving average was 214,500, unchanged from the previous week's revised average. The previous week's …more…
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Treasury International Capital Data for February 2024
04/17/24 - The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for February 2024. The sum total in February of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $51.6 billion. Of this, net foreign private inflows were $36.2 billion, and …more…
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Beige Book: Economic Activity expanded slightly, on balance, since late February
04/17/24 - Overall Economic Activity
Overall economic activity expanded slightly, on balance, since late February. Ten out of twelve Districts experienced either slight or modest economic growth—up from eight in the previous report, while the other two reported no changes in activity. Consumer spending barely increased overall, but reports were quite …more…
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Purchase Apps up, Refi's up in Latest MBA Weekly Survey
04/17/24 - Mortgage applications increased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 12, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 3.3 percent on a seasonally adjusted basis from one …more…
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March 2024 Industrial Production rose 0.4%, Capacity Utilization moved up to 78.4%
04/16/24 - Industrial production rose 0.4 percent in March but declined at an annual rate of 1.8 percent in the first quarter. Manufacturing output increased 0.5 percent in March, boosted in part by a gain of 3.1 percent in motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.3 percent. The index for mining fell 1.4 …more…
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March 2024 Housing Starts Decreased 14.7%, Permits down 4.3%
04/16/24 - Building Permits
Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,458,000. This is 4.3 percent below the revised February rate of 1,523,000, but is 1.5 percent above the March 2023 rate of 1,437,000. Single‐family authorizations in March were at a rate of 973,000; this is …more…
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Business Inventories up 0.4% in February 2024
04/15/24 - Sales
The combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,866.5 billion, up 1.6 percent (±0.2 percent) from January 2024 and was up 1.0 percent (±0.4 percent) from …more…
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