USD News

Activity in the U.S. service sector expanded at a notably faster rate in the month of July, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its non-manufacturing index climbed to 58.7 in July from 56.0 in June.

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After reporting a rebound in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims unexpectedly moved back to the downside in the week ended August 2nd.

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With fuel prices showing a notable pullback, the Labor Department released a report on Thursday showing a modest decrease in U.S. import prices in the month of July. The Labor Department said import prices edged down by 0.2 percent in July after inching up by 0.1 percent in June.

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Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to a preliminary report released by Thomson Reuters and the University of Michigan on Friday.

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With a jump in manufacturing output more than offsetting a sharp drop in utilities output, the Federal Reserve released a report on Friday showing that U.S. industrial production increased by slightly more than expected in the month of July.

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Homebuilder confidence in the U.S. unexpectedly improved for the third consecutive month in August, according to a report released by the National Association of Home Builders on Monday.

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Consumer prices saw only a modest increase in the month of July, according to a report released by the Labor Department on Tuesday, with higher prices for shelter and food offset by decreases in prices for energy and airline fares. The Labor Department said its consumer price index ticked up by 0.1 percent in July after rising by 0.3 percent in June.

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After reporting a notable decrease in new residential construction for the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound by U.S. housing starts in the month of July. The report said housing starts jumped 15.7 percent to an annual rate of 1.093 million in July after falling 4 percent to a revised 945,000 in June.

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Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July.

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Layoff activity remained subdued last week, according to new government statistics released on Thursday. The figures will likely further fuel hope that the labor market is improving, despite the somewhat sluggish job statistics that were released earlier this month.

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