USD News

After reporting strong U.S. service sector growth in the previous month, the Institute for Supply Management released a report on Wednesday showing that the pace of growth in the sector slowed by more than expected in the month of July.

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With the value of imports increasing by much more than the value of exports, the Commerce Department released a report on Friday showing that the U.S. trade deficit widened by more than anticipated in the month of June. The report said the trade deficit widened to $44.5 billion.

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With hours worked increasing by more than output, the Labor Department released a report on Tuesday showing an unexpected decline in U.S. labor productivity in the second quarter. The report showed that productivity fell by 0.5 percent in the second quarter after sliding by 0.6 percent in the first quarter.

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With hours worked increasing by more than output, the Labor Department released a report on Tuesday showing an unexpected decline in U.S. labor productivity in the second quarter.

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With an increase in non-fuel prices more than offsetting a downturn in fuel prices, the Labor Department released a report on Thursday unexpectedly showing an uptick in U.S. import prices in the month of July. The report said import prices inched up by 0.1 percent in July after climbing by an upwardly revised 0.6 percent in June.

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First-time claims for U.S. unemployment benefits edged slightly lower in the week ended August 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 266,000, a decrease of 1,000 from the previous week's revised level of 267,000.

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Business inventories in the U.S. rose by slightly more than expected in the month of June, the Commerce Department revealed a report released on Friday. The Commerce Department said business inventories edged up by 0.2 percent in June, matching the uptick seen in May.

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Homebuilder confidence improved in the month of August, the National Association of Home Builders revealed in a report on Monday. The report said the NAHB/Wells Fargo Housing Market Index climbed to 60 in August from a downwardly revised 58 in July.

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Manufacturing activity in the New York region unexpectedly contracted in the month of August, 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 fell to a negative 4.21 in August from a positive 0.55 in July.

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Output at the nation's mines, utilities and factories rose more than expected in July, according new government data released Tuesday. A strong showing from each of the major industries contributed to the overall gain. A report from the U.S. Federal Reserve showed that industrial production rose by 0.7 percent in July.

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