U.S. service sector index hits record high in October; shortages worsening – ISM survey

WASHINGTON (Reuters) – A measure of U.S. services industry activity surged to a record high in October likely as declining COVID-19 cases boosted demand, but businesses remained burdened by snarled supply chains and the resulting exorbitant prices.FILE PHOTO: Customers drink and dine outdoors at the restaurant “Martha” in Philadelphia, Pennsylvania, U.S., August 7, 2021. REUTERS/Hannah […]

Euro zone unemployment eases to 7.4% in Sept as expected

FILE PHOTO: Picture shows the abandoned Kennedy Square due to the coronavirus disease (COVID-19) pandemic lockdown in downtown Essen, Germany, March 11, 2021. REUTERS/Wolfgang Rattay/File PhotoBRUSSELS (Reuters) – Euro zone unemployment eased to 7.4% of the workforce in September as expected, the EU’s statistics office said on Wednesday, as the economy continues to recover from […]

U.S. business spending on equipment strong; goods trade deficit widens

WASHINGTON (Reuters) – New orders for U.S.-made capital goods increased more than expected in September and shipments surged, pointing to strong business spending on equipment, though stretched supply chains likely hampered overall economic growth in the third quarter.FILE PHOTO: Shipping containers sit at the ports of Los Angeles and Long Beach, California in this aerial […]

U.S. business borrowing for equipment rises 6% in September – ELFA

FILE PHOTO: A worker clears a machine jam inside of an Amazon fulfillment center in Robbinsville, New Jersey, U.S., November 27, 2017. REUTERS/Lucas Jackson(Reuters) – U.S. companies increased their borrowings for capital investments in September by 6% compared with a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday. The companies signed […]

U.S. 2021 fiscal year deficit below prior year's record, Treasury says

FILE PHOTO: The Wall St. sign is seen outside the door to the New York Stock Exchange in New York’s financial district February 4, 2014. REUTERS/Brendan McDermid/File Photo(Reuters) – The U.S. budget deficit totaled $2.772 trillion during fiscal 2021, below the prior year’s record shortfall but still reflecting a second straight year of massive spending […]