USD News

New orders for U.S. manufactured goods increased by much more than expected in the month of March, the Commerce Department revealed in a report on Wednesday. The report said factory orders surged up by 1.1 percent in March after tumbling by 1.9 percent in February.

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Employment in the U.S. climbed by much less than expected in the month of April, the Labor Department revealed in a closely watched report on Friday.

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Partly reflecting a notable increase in non-revolving credit, the Federal Reserve released a report on Friday showing a sharp jump in U.S. consumer credit in the month of March. The Fed said consumer credit surged up by $29.7 billion in March.

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After reporting a bigger than expected decrease in U.S. wholesale inventories in the previous month, the Commerce Department released a report on Tuesday showing a modest rebound in inventories in March. The report said wholesale inventories inched up by 0.1 percent in March after falling by a revised 0.6 percent in February.

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Import prices in the U.S. increased for the second straight month in April, according to a report released by the Labor Department on Thursday, although the pace of growth came in below economist estimates. The Labor Department said import prices rose by 0.3 percent in April.

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Following last Friday's disappointing monthly jobs report, the Labor Department may add to concerns about the labor market on Thursday with the release of a report showing an unexpected increase in initial jobless claims in the week ended May 7th.

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Partly reflecting a jump in retail inventories, the Commerce Department released a report on Friday showing a bigger than expected increase in U.S. business inventories in the month of March. The report said business inventories climbed by 0.4 percent in March.

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Business activity for New York manufacturers unexpectedly declined in the month of May, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index slid to a negative 9.0 in May from a positive 9.6 in April.

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Homebuilder confidence in the U.S. continued to hold steady in the month of May, 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 May, unchanged from the three previous months.

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Industrial production in the U.S. rebounded by much more than anticipated in the month of April, the Federal Reserve revealed in a report on Tuesday, with utilities output showing a substantial increase. The report said industrial production advanced by 0.7 percent in April.

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