USD News

Consumer attitudes cooled slightly by the end of June compared to where they stood in the middle of the month. This according to the results of a highly influential survey of consumer sentiment released on Friday. The results were below what economists had expected. Results of a survey conducted by the University of Michigan showed that its consumer sentiment index came in at 93.5 for June.

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Consumer confidence in the U.S. improved by much more than expected in the month of June, the Conference Board revealed in a report on Tuesday. The Conference Board said its consumer confidence index jumped to 98.0 in June from a downwardly revised 92.4 in May.

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While the Commerce Department released a report on Wednesday showing a slightly smaller than expected increase in U.S. personal income in the month of May, the report also said personal spending climbed in line with economist estimates.

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After reporting increases in U.S. pending home sales in the three previous months, the National Association of Realtors released a report on Wednesday showing that pending sales pulled back by more than expected in the month of May.

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While the Commerce Department released a report on Wednesday showing a slightly smaller than expected increase in U.S. personal income in the month of May, the report also said personal spending climbed in line with economist estimates.

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Reflecting a rebound from a nearly two-month low, the Labor Department released a report on Thursday showing that first-time claims for U.S. unemployment benefits rose by a little more than expected in the week ended June 25th. The report said initial jobless claims rose to 268,000

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Manufacturing activity in the U.S. registered growth for the fourth consecutive month in June, the Institute for Supply Management revealed in a report on Friday, with the index of activity in the sector rising by much more than expected.

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Construction spending in the U.S. unexpectedly decreased in the month of May, according to a report released by the Commerce Department on Friday. The report said construction spending slid 0.8 percent to an annual rate of $1.143 trillion in May from the revised April estimate of $1.152 trillion.

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New orders for U.S. manufactured goods pulled back in line with estimates in the month of May, the Commerce Department revealed in a report released on Tuesday. The report said factory orders fell by 1.0 percent in May following a 1.8 percent jump in April.

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Economic activity in the U.S. service sector grew faster than expected in the month of June, the Institute for Supply Management revealed in a report released on Wednesday. The ISM said its non-manufacturing index jumped to 56.5 in June from 52.9 in May.

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