USD News

Homebuilder confidence in the U.S. unexpectedly saw a modest deterioration in the month of July, according to a report released by the National Association of Home Builders on Monday. The report said the NAHB/Wells Fargo Housing Market Index edged down by a point to 59 in July.

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Philadelphia-area manufacturing activity unexpectedly contracted in the month of July, the Federal Reserve Bank of Philadelphia revealed in a report on Thursday. The Philly Fed said its diffusion index of current activity dropped to a negative 2.9 in July from a positive 4.7 in June.

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After reporting an unexpected decline in the previous month, the Conference Board released a report on Thursday showing a rebound by its index of leading U.S. economic indicators in the month of June.

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Pending home sales in the U.S. rose by much less than expected in the month of June, the National Association of Realtors revealed in a report on Wednesday. NAR said its pending home sales index edged up by 0.2 percent to 111.0 in June after tumbling by 3.7 percent to 110.8 in May.

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First-time claims for U.S. unemployment benefits rose by slightly more than expected in the week ended July 23rd, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 266,000, an increase of 14,000 from the previous week's revised level of 252,000.

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While the University of Michigan released a report on Friday showing an upward revision to its consumer sentiment index for July, the index still came in below the reading seen in the previous month.

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After reporting a substantial rebound in Chicago-area business activity in the previous month, MNI Indicators released a report on Friday showing a modest pullback by its Chicago Business Barometer in the month of July.

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Reflecting decreases in spending on both private and public construction, the Commerce Department released a report on Monday showing an unexpected drop in U.S. construction spending in the month of June.

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After reporting the strongest growth in U.S. manufacturing activity in over a year in the previous month, the Institute for Supply Management released a report on Monday showing that growth in the manufacturing sector slowed in the month of July.

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Personal spending in the U.S. increased by slightly more than expected in the month of June, according to a report released by the Commerce Department on Tuesday, although the report also said personal income rose by a little less than expected.

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