12:28 PM EDT, 03/15/2024 (MT Newswires) -- New York manufacturing activity fell more than expected into deeper contraction territory this month amid a sharp drop in orders, while optimism continued to be subdued, the Federal Reserve Bank of New York said on Friday. The Empire State Manufacturing Survey's general business conditions index tumbled to negative 20.9 in March from negative...

04:00 PM EDT, 03/15/2024 (MT Newswires) -- US industrial production unexpectedly edged higher last month as manufacturing rebounded, according to Federal Reserve data published Friday. Industrial output gained 0.1% in February after falling by a downwardly revised 0.5% in January, the Fed said. The consensus was for production to be flat, according to a survey compiled by Bloomberg. While the...

03:31 PM EDT, 03/15/2024 (MT Newswires) -- US housing supply is showing signs of a recovery, with new listings in February increasing to the highest level in 17 months, but prices and mortgage rates are still elevated, a report by Redfin (RDFN) showed Friday. Sequentially, new listings rose 3.8% on a seasonally adjusted basis to 548,285 last month, the highest...

02:56 PM EDT, 03/15/2024 (MT Newswires) -- Import prices rose by 0.3% in February, as expected, after a 0.8% gain in the previous month. Import prices were still up 0.2% excluding a 1.7% jump in petroleum prices. While import prices were in line with expectations, export prices rose by 0.8% in February, double what was expected, and were still up...