USD News

Consumer prices in the U.S. unexpectedly showed a modest increase in the month of September, according to a report released by the Labor Department on Wednesday, with higher prices for food and shelter offsetting a continued decline in energy prices.

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Suggesting moderate growth in the short-term, the Conference Board released a report on Thursday showing that its index of leading U.S. economic indicators rose by more than economists had anticipated in the month of September.

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While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August.

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After reporting a notable pullback in U.S. pending home sales in the previous month, the National Association of Realtors released a report on Monday showing a modest rebound in pending sales in the month of September.

NAR said its pending home sales index inched up by 0.3 percent to 105.0 in September after falling by 1.0 percent to 104.7 in August. Economists had been expecting pending home sales to increase by about 0.5 percent.

A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.

With the modest monthly increase, the pending home sales index is up by 1.0 percent compared to September of 2013, reflecting the first year-over-year increase in eleven months.

Lawrence Yun, NAR chief economist, said moderating price growth and sustained inventory levels are keeping conditions favorable for buyers.


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After reporting a sharp pullback in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing a significant rebound in consumer confidence in the month of October.

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After reporting a sharp pullback in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing a significant rebound in consumer confidence in the month of October.

The Conference Board said its consumer confidence index climbed to 94.5 in October from an upwardly revised 89.0 in September. Economists had expected the index to edge up to 87.0 from the 86.0 originally reported for the previous month.


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U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists.

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Personal spending in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Friday, with the drop in spending accompanied by weaker than expected personal income growth.

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Business activity in the Chicago area unexpectedly increased at a notably faster rate in the month of October, according to a report released by MNI Indicators on Friday. MNI Indicators said its Chicago business barometer jumped to 66.2 in October from 60.5 in September.

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Construction spending in the U.S. unexpectedly decreased in the month of September, according to a report released by the Commerce Department on Monday, with the drop largely reflecting a notable decline in spending on public construction.

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