Browsing: Newsbytes

Economy

The National Association of Home Builders/Wells Fargo Housing Market Index held steady at 60 points in January, unchanged from December’s downwardly revised reading. “After eight months hovering in the low 60’s, builder sentiment is reflecting that many markets continue to show a gradual improvement, which should bode well for future home sales in the year

Newsbytes

In a letter to the National Credit Union Administration today, ABA said that the Seaford, Del.-based Sussex County Federal Credit Union must stop its “abusive field of membership practices” that allow individuals who are otherwise ineligible for membership to join through the credit union’s foundation.

Economy

Industrial production declined 0.4 percent in December, a third consecutive monthly decline. Total industrial production is now 1.8 percent below the year ago level. Manufacturing output slipped by 0.1 percent in December, amid a decline in nondurable goods production. Despite monthly declines for four of the last five months, factory output is 0.8 percent higher

Economy

Producer prices decreased 0.2 percent in December, seasonally adjusted, after rising 0.3 percent in November, according to the U.S. Bureau of Labor Statistics. December’s decrease was attributable to a decline in prices for final demand goods. Prices for final demand goods fell 0.7 percent, the sixth consecutive month of decreases. Over 75 percent of the

Economy

There were $448.1 billion of retail and food service sales in December (after adjustment for seasonal variation and holiday and trading-day differences, but not for price changes), a monthly decrease of 0.1 percent, according to the U.S. Census Bureau. Retail sales alone increased 2.2 percent from December 2014 however. Core retail sales – excluding automobiles

Economy

Economic activity expanded across most of the twelve Federal Reserve Districts according to the January edition of the Federal Reserve Beige Book. Nine Districts reported moderate to modest growth, while conditions in the New York and Kansas City Districts were essentially flat. Labor markets continued to improve. The Richmond District reported moderate employment increases, while

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