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Research Report

Commodity Research Report: Weekly Report :Metals & Energy

Metals and Energy Weekly Report (November 24-28, 2014)
24 Nov 2014 | 06:16 PM

  •  The Empire State Manufacturing Survey showed business activity continued to expand for New York manufacturers, the Federal Reserve Bank of New York reported, as the general business conditions index grew to 10.16 in November from 6.17 in October.
  •  U.S. industrial production slipped in October, a sign domestic economic growth could slow further in the final months of 2014. Industrial production, which measures the output of U.S. manufacturers, utilities and mines, fell a seasonally adjusted 0.1% in October from the prior month, the Federal Re-serve said.
  •  U.S Producer Price Index for final demand rose 0.2 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
  •  NAHB said that its Housing Market Index increased to 58.0 this month from 54.0 in October, above expectations for a reading of 55.0. A level above 50.0 indicates a favorable outlook on home sales.
  •  U.S. housing starts unexpectedly fell in October, but a jump in permits to near a 6-1/2-year high suggested the housing market was steadily regaining strength. Groundbreaking slipped 2.8 percent to a seasonally adjusted annual1.009 million-unit pace, the Commerce Department said.
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