USD News

New orders for U.S. manufactured goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Wednesday.

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Wholesale inventories in the U.S. rose by slightly more than anticipated in the month of May, according to a report released by the Commerce Department on Tuesday. The Commerce Department said wholesale inventories climbed by 0.4 percent in May following a revised 0.4 percent drop in April.

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A report released by the Labor Department on Thursday showed a modest increase in U.S. producer prices in the month of June. The Labor Department said its producer price index for final demand inched up by 0.1 percent in June after coming in flat in May.

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First-time claims for U.S. unemployment benefits saw a modest decrease in the week ended July 8th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims dipped to 247,000, a decrease of 3,000 from the previous week's revised level of 250,000.

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While the Commerce Department released a report on Friday showing a rebound in U.S. business inventories in the month of May, the report also showed a drop in business sales. The report said business inventories rose by 0.3 percent in May after falling by 0.2 percent in April.

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With consumer expectations taking a hit, the University of Michigan released a report on Friday showing a notable deterioration in U.S. consumer sentiment in the month of July. The preliminary report said the consumer sentiment index dropped to 93.1 in July from the final June reading of 95.1.

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Activity in the New York manufacturing sector grew at a notably slower pace in the month of July, according to a report released by the Federal Reserve Bank of New York on Monday.

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Homebuilder confidence in the U.S. unexpectedly declined in the month of July, according to a report released by the National Association of Home Builders on Tuesday.

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Pointing to continued growth in the U.S. economy, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading economic indicators. The Conference Board said its leading economic index climbed by 0.6 percent in June.

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Consumer confidence in the U.S. unexpectedly improved in the month of July, according to a report released by the Conference Board on Tuesday.

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