Today in Manufacturing
The Treasury Department says it has received $11.7 billion from the sale of 358.5 million shares of General Motors stock ... continue
Today in Manufacturing
Number of people applying for unemployment benefits fell to the lowest level since July 2008, a hopeful sign that improvement in the job market is accelerating ... continue
Today in Manufacturing
Beijing currently controls 97 percent of the global output of rare earths, needed to produce everything from cell phones to hybrid cars ... continue
CONSUMER PRICES RISE MODERATELY BUT INFLATION TAME
Zions Direct
Labor Department Reported Consumer Price Index Rose 0.2 Percent Last Month. Consumer prices rose moderately in October but there was little sign of inflation as the cost of autos, clothing and hotels fell.
The Labor Department said Wednesday, November 17, the Consumer Price Index rose by 0.2 percent last month, an increase from September’s 0.1 percent rise. Wall Street analysts had expected a slightly larger increase. It was the fourth straight rise. Gasoline prices accounted for most of the increase, rising by 4.6 percent in October, the biggest gain since July.
Excluding the volatile food and energy categories, the core consumer index was unchanged for the third straight month. In the past year, the core index has risen by only 0.6 percent, the smallest increase since the index began in 1957. That’s down from September’s 0.8 percent annual increase. The weak economy is keeping a lid on prices. Consumers, facing high unemployment and slow wage growth, are restraining their spending. Retailers and other companies don’t want to risk losing...
Quick Manufacturing News
People showed a slightly bigger appetite to spend because incomes rose 0.5 percent, reflecting a healing jobs market that gave a boost to wages and salaries ... continue
Quick Manufacturing News
Orders to U.S. factories for long-lasting manufactured goods plunged by the largest amount in 21 months, reflecting widespread weakness ... continue
No comments:
Post a Comment