FXstreet.com (Barcelona) ? Business conditions in the region?s manufacturing sector have deteriorated further in November, against the market expectations of a slight pick up, according to the latest Manufacturing Survey by the Reserve Bank of Philadelphia.

November?s manufacturing index has dropped to a level of -39.3 points in November, from -37.5 points in October, a level reached after having plunged 41 points in September. The current level is the lowest since 1990.

Weakness of the manufacturing sector has been broad-based, as most sub-indexes posted declines; New orders index has dropped one point to -31.4, while shipments index remained steady at -18.8 after a drop of 21 points on the previous month.

The employment index has declined 7 points to -25.2, and prices pressures have eased considerably, the prices paid index has fallen 38 points to get into negative figures for the first time since July 2003.
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FXstreet.com (Barcelona) - The amount of laid-off workers applying for the jobless benefit for the first time has rocketed in Nov 15 week from the already high number on the previous week, according to figures released by the US Labor Department.

In the week ending in November the 15, initial jobless claims rose by 27 K to 542,000, from the previous week?s 515,000 claims, revised down from the previously released 516,000. The four week moving average has posted a 15,750 increase to 506,500, from the previous week?s revised 490,750.

Continuing claims have risen by 109,000 to 4,012,000 in the week of November the eight, the largest jump on claims since 1982.
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FXstreet.com (Barcelona) ? Retail sales have edged down in October, which, bearing in mint the gloomy forecasts, as been a minor damage for UK consumption, improving figures for the previous month, according to data released by National Statistics.

Between September and October, retail sales have edged down 0.1%, a decline, mainly driven by household goods stores. Year on year, sales have increased 1.9%. Despite the decline in consumption, final data has beaten widely market expectations of a 0.8 monthly decline and a 1.5% year on year increase.

Figures from September have been downwardly revised to a 0.5% monthly decline, and a 1.7% year on year increase, while in the three months to October, sales remained flat from the previous three months.
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