US factories squeezed by energy prices in October
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The US manufacturing sector expanded at a slower rate than expected in October thanks to a combination of higher energy costs and surging market prices for many commodities.
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US consumer prices surged 0.6 percent in October, the Labor Department said, with higher energy costs fuelling fears of renewed inflation.
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Orders for long-lasting US goods slipped unexpectedly in October, but new home sales rose, consumer sentiment brightened a bit this month and claims for jobless aid fell, a mixed bag of reports showed on Wednesday.
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Pushed by higher energy prices, US consumer prices rose in October, the Labor Department said today. The seasonally adjusted consumer price index rose 0.6 percent in October, the largest gain since May.
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US consumers turned more gloomy in October, beset by soaring energy prices, relentless violence in Iraq and the increasingly bitter end of the presidential election campaign.
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Booming orders for new military  aircraft boosted overall orders to U.S. factories by 0.5  percent to a seasonally adjusted $371.51 billion in October,  the government reported on Thursday, though demand was flat  when defense was excluded.
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Recent expansion in the U.S.  manufacturing sector lost some momentum last month as growth in  new orders and employment retreated, but industrial costs  jumped, according to data published on Thursday.
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Manufacturers are still worried about energy prices having seen costs jump 30% in the past year, a report says.
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US consumers turned gloomier in October, beset by soaring energy costs, relentless violence in Iraq, sluggish hiring and an increasingly bitter presidential campaign.
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NEW YORK - Factory activity in the US Mid-Atlantic region slumped in September, a survey showed Thursday, spurring fears that the economy&#39;s soft patch over the summer could extend into the fall.
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U.S. consumers turned more gloomy in October, beset by soaring energy prices, relentless violence in Iraq and the increasingly bitter end of the presidential election campaign.
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US producer prices climbed an unexpectedly steep 0.5 percent last month as energy costs mounted, according to a government report on Friday that buttressed the case for interest-rate rises to keep inflation at bay.
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New orders at U.S. factories fell  4.7 percent in October, the biggest fall in more than six years  and marking the third drop in four months, while inventories  rose again suggesting growing slack in the economy, a  government report said on Tuesday.
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US consumers become more bullish in September, thanks to a sharp slide in the cost of energy.
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US industrial production jumped the most in three months in October, housing starts surged and consumer prices rose, suggesting the Federal Reserve may keep raising its benchmark interest rate.
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U.S. manufacturing contracted in November for the first time in 3-1/2 years, while construction spending fell sharply in October, according to reports on Friday pointing to a slowdown in the U.S. economy.
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The US economy has continued to grow in September and early October, but was hampered by record oil prices, a report from the Federal Reserve has shown.