USD News

Growth in the U.S. service sector accelerated slightly more than expected in the month of March, according to a report released by the Institute for Supply Management on Tuesday.The ISM said its non-manufacturing index climbed to 54.5 in March from 53.4 in February.

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First-time claims for U.S. unemployment benefits fell by more than expected in the week ended April 2nd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 267,000, a decrease of 9,000 from the previous week's unrevised level of 276,000.

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Consumer credit in the U.S. increased by more than expected in the month of February, according to a report released by the Federal Reserve on Thursday. The Fed said consumer credit jumped by $17.2 billion in February.

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Reflecting a sharp pullback in inventories of non-durable goods, the Commerce Department released a report on Friday showing a bigger than expected decrease in U.S. wholesale inventories in the month of February.

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Business inventories in the U.S. saw a modest decrease in the month of February, the Commerce Department revealed in a report on Wednesday. The Commerce Department said business inventories edged down by 0.1 percent in February, matching a revised drop in January.

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Producer prices in the U.S. unexpectedly saw a modest decrease in the month of March, according to a report released by the Labor Department on Wednesday. The report said producer prices edged down by 0.1 percent in March after slipping by 0.2 percent in February.

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Consumer prices in the U.S. saw a modest increase in the month of March, the Labor Department revealed in a report on Thursday, with the uptick in prices falling short of economist estimates. The Labor Department said its consumer price index inched up by 0.1 percent in March.

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Homebuilder confidence in the U.S. was unchanged for the second consecutive month in April, the National Association of Home Builders revealed in a report on Monday. The report said the NAHB/Wells Fargo Housing Market Index came in at 58 in April, unchanged from March.

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After reporting a sharp increase in new residential construction in the previous month, the Commerce Department released a report on Tuesday showing that U.S. housing starts pulled back by much more than expected in March.

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Existing home sales in the U.S. saw a significant rebound in March after an uncharacteristically large decline in February, the National Association of Realtors revealed in a report on Wednesday. The report said existing home sales jumped 5.1 percent to an annual rate of 5.33 million in March.

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