Business News Asia
Initial jobless claims fell by 4,000 to a seasonally adjusted 222,000, below analysts’ expectations of 225,000. The number of initial jobless claims exceeded 215,000, the weekly average in the U.S. prior to the outbreak of COVID-19. At the same time,…
According to the U.S. Department of Commerce, business inventories rose 0.4% in September from the previous month, following a 0.9% increase in August. Year-over-year, business inventories rose 17.8% in September Retail inventories rose by 0.4% and wholesale inventories by 0.6%.…
The Mortgage Bankers Association (MBA) reported Monday that the number of mortgage applicants rose 2.7% as mortgage rates fell. The number of applicants for home equity loans increased by 4% but decreased by 46% compared to the same period last…
According to the U.S. Commerce Department, retail sales rose 1.3% in October after leveling off in September. Retail sales were boosted by rising car sales, and the rebound in gasoline prices boosted sales at gas stations. In addition, Amazon’s Prime…
Initial jobless claims rose by 7,000 to 225,000 last week, the Labor Department reported. The number of Americans continuing to file for unemployment benefits rose to 1.493 million, exceeding analysts’ expectations of 1.475 million.
The Mortgage Bankers Association (MBA) announced that mortgage applicants fell 0.1% last week after mortgage rates rebounded. The number of refinancing applications fell by 4% last week and by 87% compared to the same period last year. The number of…
According to the U.S. Commerce Department, wholesale inventories rose 0.6% in September from the previous month, following a 1.4% increase in August. Compared with the same month a year ago, wholesale inventories rose by 24.1% in September. Wholesale sales rose…
The Labor Department reported that initial jobless claims fell by 1,000 to 217,000, while analysts had expected an increase of 220,000. The number of claimants for unemployment benefits is above 215,000, the weekly average in the pre-COVID-19 pandemic period in…
S&P Global reported that the purchasing managers’ index for the service sector fell to 47.8 in October from 49.3 in September, above the initial reading of 46.6. The PMI index is below 50, suggesting that the U.S. services sector is…
According to the U.S. Commerce Department, factory orders in the U.S. rose 0.3% in September after increasing 0.2% in August. Factory orders in September rose 13.0% year-on-year. Orders for core capital goods (excluding weapons and aircraft) fell 0.4% in September,…
