Fed Says Production Fell 0.5% in January
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Production at factories, mines and utilities fell 0.5 percent in January after a 0.5 percent December increase, the Federal Reserve said Thursday.
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Global stock markets were walloped with a collective loss of 5.2 trillion dollars in the month of January as investors scurried for cover in the face of economic uncertainty, a report showed Friday.
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-- U.S. consumer sentiment  finished weaker in January, according to a survey released on  Friday.
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Business & money: Five interest rate rises in a year resulted in the slowest growth in 20 months, according to report.
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The leading share index fell back slightly on Thursday after Wall Street was dragged down by pessimistic comments from Federal Reserve chairman Ben Bernanke about the future prospects for the US economy.
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U.S. industrial output growth nearly  stalled last month as production cuts at mines and utilities  nearly swamped a solid performance in factories, a report from  the Federal Reserve showed on Wednesday.
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A key forecasting gauge of future US economic activity fell for a fifth straight month in October, a private research firm said on Thursday.
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U.S. industrial output fell in January while the number of Americans filing for jobless benefits jumped sharply last week, according to a flurry of reports that raised doubts about the economy's health.
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The Federal Reserve Bank of Philadelphia&#39;s index of regional manufacturing fell to 13.4 this month from 28.5 in August. The reading is lower than the median forecast of 25 in a Bloomberg News survey of 56 economists.
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Sales of new U.S. homes fell 16.6 percent in January and prices were little changed as the number of new homes on the market decreased slightly, according to a government report on Wednesday showing some weakness in the unsteady housing sector.
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Consumer confidence fell sharply in January on worries over deteriorating business conditions and a weakening job market, a business research group said Tuesday.
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Retail sales fell 0.3 percent in January  --  the weakest showing in five months  --  as a big drop in demand for cars offset strength at clothing and department stores. Spending was powered mostly by consumers anxious to use holiday gift cards.
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Britain's manufactured output fell surprisingly by 0.2 percent in January from the December figure, owing to widespread falls across all sectors of the industry, official data showed on Friday.
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The service sector of the economy showed slower growth in January, as the rate of expansion in both employment and inflation pressures softened, the Institute for Supply Management said Thursday.
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-- U.S. consumer sentiment finished weaker in January, according to a survey released on Friday.
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Growth in U.S. factory output eased in  January as companies received fewer orders, although managers  showed a renewed willingness to hire.
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A key forecasting gauge of future  U.S. economic activity fell for a fifth straight month in  October, a private research firm said on Thursday.