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With consumer expectations taking a hit, Thomson Reuters and the University of Michigan released a report on Friday showing an unexpected deterioration in U.S. consumer sentiment in the month of June. The report showed that the preliminary reading on the consumer sentiment index for June came in at 81.2 compared to the final May reading of 81.9.
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Business conditions for New York manufacturers improved significantly for the second consecutive month in June, the Federal Reserve Bank of New York said in a report released on Monday. The New York Fed said its general business conditions index inched up to 19.3 in June from 19.0 in May, with a positive reading indicating growth in regional manufacturing activity.
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Manufacturing activity in the Philadelphia region has unexpectedly expanded at a faster rate in the month of June, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, with the index of activity in the sector reaching its highest reading since last September.
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Existing home sales in the U.S. increased by much more than expected in the month of May, according to a report released by the National Association of Realtors on Monday. NAR said existing home sales jumped 4.9 percent to a seasonally adjusted annual rate of 4.89 million in May from an upwardly revised 4.66 million in April.
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New home sales in the U.S. surged up by much more than anticipated in the month of May, according to a report released by the Commerce Department on Tuesday, with sales jumping to their highest annual rate in six years. The report said new home sales soared 18.6 percent to a seasonally adjusted annual rate of 504,000 in May.
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With orders for transportation equipment showing a notable decrease, the Commerce Department released a report on Wednesday showing an unexpected drop in new orders for U.S. manufactured durable goods in the month of May.
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Personal income in the U.S. increased in line with economist estimates in the month of May, according to a report released by the Commerce Department on Thursday, although the report also showed a smaller than expected increase in personal spending.
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Reflecting a significant upward revision from the preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment improved in the month of June.
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Construction spending in the U.S. increased by much less than expected in the month of May, according to a report released by the Commerce Department on Tuesday. The report said construction spending inched up 0.1 percent to an annual rate of $956.1 billion in May.
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Activity in the U.S. manufacturing sector unexpectedly grew at a slightly slower rate in the month of June, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its purchasing managers index edged down to 55.3 in June from 55.4 in May.
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