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U.S. Business Inventories Rise In Line With Estimates In September

Business inventories in the U.S. increased in line with economist estimates in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said business inventories rose by 0.3 percent in September after climbing by 0.5 percent in August. Economists had expected inventories to rise by 0.3 percent.…

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Philly Fed Index Indicates Notably Slower Growth In November

Growth in Philadelphia-area manufacturing activity slowed by much more than expected in the month of November, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity tumbled to 12.9 in November from 22.2 in September, although a positive reading still…