USD News

An index of leading U.S. economic indicators increased by more than expected in the month of April, the Conference Board revealed in a report released on Thursday. The Conference Board said its leading economic index climbed by 0.6 percent in April, while revised data showed no change in March.

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After reporting a significant rebound in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Friday showing that sales sustained the upward momentum in the month of April. NAR said existing home sales climbed 1.7 percent to an annual rate of 5.45 million in April

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After reporting an unexpected decrease in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing a substantial rebound in sales in the month of April. The Commerce Department said new home sales surged up by 16.6 percent to an annual rate of 619,000 in April.

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With the South and West seeing sharp increases, the National Association of Realtors released a report on Thursday showing that U.S. pending home sales jumped much more than expected in April to their highest level in a decade. NAR said its pending home sales index surged up by 5.1 percent.

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Consumer sentiment in the U.S. improved by less than initially estimated in the month of May, according to a report released by the University of Michigan on Friday, although the consumer sentiment index remained at an eleven-month high.

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After reporting a drop in consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that confidence unexpectedly declined further in May. The Conference Board said its consumer confidence index dropped to 92.6 in May from 94.7 in April.

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With spending on both private and public construction falling rather sharply, the Commerce Department released a report on Wednesday unexpectedly showing a steep drop in total U.S. construction spending in the month of April.

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Economic activity in the U.S. manufacturing sector unexpectedly expanded at a faster rate in the month of May, the Institute for Supply Management revealed in a report on Wednesday. The ISM said its purchasing managers index rose to 51.3 in May from 50.8 in April.

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Reflecting a jump in orders for commercial aircraft, the Commerce Department released a report on Friday showing that new orders for U.S. manufactured goods increased by the most in six months in April.

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Growth in U.S. service sector activity slowed by much more than expected in the month of May, according to a report released by the Institute for Supply Management on Friday. The ISM said its non-manufacturing index fell by 2.8 points to 52.9 in May after climbing by 1.2 points to 55.7 in April.

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