
Core Report | March 7, 2025
New orders for manufactured durable goods rebounded in January after sliding the previous two months, coming in at a $286.0 billion rate. This is up $8.7 billion or 3.1% after sliding 1.8% in December.
New orders for manufactured durable goods rebounded in January after sliding the previous two months, coming in at a $286.0 billion rate. This is up $8.7 billion or 3.1% after sliding 1.8% in December.
Business activity in the New York region increased in February after declining to start the year. The February Empire Manufacturing Index came in at 5.7, up from -12.6 in January and the highest reading since November.
Business activity in the New York region increased in February after declining to start the year. The February Empire Manufacturing Index came in at 5.7, up from -12.6 in January and the highest reading since November.
Economic activity in the manufacturing sector expanded in January, the first expansion after 26 consecutive declines.
Economic activity in the manufacturing sector expanded in January, the first expansion after 26 consecutive declines.
Sales of new homes ended the year on a strong note as sales increased for the second consecutive month. December new home sales came in at a 698,000 unit rate, up 3.6% from November and up 6.7% from the 654,000 unit rate in December 2023.
Sales of existing homes ended the year on a strong note with sales hitting a ten-month high.
Prime Scrap increased month over month for the first time since 2023.
Light vehicle sales ended the year on a strong note, climbing for the fourth consecutive month. This was the highest monthly rate since May 2021.
On Friday, President Joe Biden officially blocked the takeover of U.S. Steel by Japan’s Nippon Steel on the grounds of national security. The proposed $14.9 billion acquisition by Nippon would place one of the largest steel producers in the U.S. under foreign control, creating a risk for the nation’s critical supply chains.