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Latest News - 16 May 2012

US Consumers Prices Unchanged As Core Rate Climbs 0.2%
16 May 2012 14:00
US consumer prices were flat as cheaper gas offset modest increases for food, clothing and housing. Gas prices fell 2.6% in April, the biggest decline in six months.
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US Manufacturing Grows At Strongest Rate In 10 Months
02 May 2012 11:00am
The Institute for Supply Management have said US manufacturing grew in April at the strongest rate in 10 months suggesting the economy is healthier than originally thought. New orders, production and a measure of hiring all rose as a pickup in orders signalled that factories will remain a source of strength for the U.S. expansion.
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US Dollar Under Pressure As Durable Goods Orders Falls
25 April 2012 17:30
The Commerce Department have reported that demand for long-lasting manufactured goods was the weakest in three years last month suggesting the economy lost momentum in the first quarter of 2012.
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