USD News

New home sales in the U.S. pulled back in the month of February, according to a report released by the Commerce Department on Tuesday. The report said new home sales fell 3.3 percent to an annual rate of 440,000 in February from the revised January rate of 455,000.

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Consumer confidence in the U.S. has improved by much more than expected in the month of March, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 82.3 in March from a revised 78.3 in February. Economists had been expecting the index to edge up to 78.4.

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With orders for transportation equipment showing a substantial rebound, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured durable goods rose by more than expected in February. The report said durable goods orders surged up by 2.2 percent in February following a revised 1.3 percent decrease in January.

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While the Commerce Department released a report on Thursday showing stronger than previously estimated U.S. economic growth in the fourth quarter of 2013, the pace of growth still fell just short of economists' expectations. The report said gross domestic product increased by an upwardly revised 2.6 percent in the fourth quarter compared to the previously estimated 2.4 percent growth.

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First-time claims for U.S. unemployment benefits unexpectedly decreased in the week ended March 22nd, according to a report released by the Labor Department on Thursday, with jobless claims falling to their lowest level in almost four months. The report said initial jobless claims fell to 311,000, a decrease of 10,000 from the previous week's revised figure of 321,000.

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Pending home sales in the U.S. decreased for the eighth consecutive month in February, according to a report released by the National Association of Realtors on Thursday. NAR said its pending home sales index dropped by 0.8 percent to 93.9 in February after edging down by 0.2 percent to a downwardly revised 94.7 in January.

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Chicago-area business activity grew at a notably slower rate in the month of March, according to a report released by MNI Indicators on Monday.

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Chicago-area business activity grew at a notably slower rate in the month of March, according to a report released by MNI Indicators on Monday. MNI Indicators said the Chicago business barometer fell to 55.9 in March from 59.8 in February, hitting its lowest level since August of last year.

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While the Commerce Department released a report on Tuesday showing an uptick in U.S. construction spending in the month of February, revised data showed a drop in spending in the previous month. The report said construction spending inched up by 0.1 percent to a seasonally adjusted annual rate of $945.7 billion in February.

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Activity in the U.S. manufacturing sector expanded at a slightly faster rate in the month of March, according to a report released by the Institute for Supply Management on Tuesday, although the index of activity in the sector rose by a little less than expected.

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