Philly-area manufacturing activity falls more than forecast in November

Source: RTT News
© Scanpix/FP
Philadelphia-area manufacturing activity growth has eased by much more than economists preliminary estimated in November with the activity index falling to the lowest level in six months, a report released by the Federal Reserve Bank of Philadelphia revealed on Thursday. The Philly Fed's current activity index slid 6.5% in November from 19.8 recorded in the month before.

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Fri, 22 Nov 2013 09:13:09 GMT

U.S. jobless benefits fall more than forecast

First-time applications for jobless benefits in the world's largest economy declined by much more than economists preliminary estimated in the week ended on November 16, the Labor Department showed in a report on Thursday. According to the report, claims for unemployment benefits slipped from 344,000 to 323,000 last week, while it was forecast to fall to 335,000.

Fri, 22 Nov 2013 08:51:04 GMT

Aussie poised to record largest streak of drops in 7 years

The Australia currency decreased on Friday and was set to extend its largest streak of weekly drops in seven years on speculation that the Reserve Bank of Australia may take steps to curb the overvalued currency. The so-called Aussie slipped 0.6% to 91.78 U.S. cents by 4:58 p.m. Sydney time following a slide to 91.68, the least since September 9.

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