USD News

Despite recent volatility on Wall Street, the University of Michigan released a report on Friday unexpectedly showing a significant improvement in U.S. consumer sentiment in the month of February. The preliminary reading on the consumer sentiment index for February came in at 99.9.

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After reporting a steep drop in new residential construction in the previous month, the Commerce Department released a report on Friday showing housing starts in the U.S. rebounded by much more than anticipated in the month of January. The Commerce Department said housing starts soared by 9.7 percent.

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Pointing to robust economic growth in the first half of 2018, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index jumped by 1.0 percent.

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With a decrease in spending on private construction offsetting a jump in spending on public construction, the Commerce Department released a report on Thursday showing U.S. construction spending was roughly unchanged in the month of January.

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Indicating an unexpected acceleration in the pace of growth in the U.S. manufacturing sector, the Institute for Supply Management released a report on Thursday showing its index of activity in the sector rose to a nearly fourteen-year high in February. The ISM said its purchasing managers index climbed to 60.8.

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A report released by the Labor Department on Tuesday showed consumer prices in the U.S. increased in line with economist estimates in the month of February. The Labor Department said its consumer price index rose by 0.2 percent in February after climbing by 0.5 percent in January.

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Existing home sales in the U.S. increased by much more than anticipated in the month of February, according to a report released by the National Association of Realtors on Wednesday.

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Consumer confidence in the U.S. unexpectedly deteriorated in the month of March, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dipped to 127.7 in March from a downwardly revised 130.0 in February.

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After unexpectedly reporting a sharp drop in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing a bigger than expected rebound in pending sales in the month of February. NAR said its pending home sales index jumped by 3.1 percent.

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Economic activity in the U.S. grew by more than previously estimated in the fourth quarter of 2017, according to a report released by the Commerce Department on Wednesday. The report said gross domestic product climbed by 2.9 percent in the fourth quarter compared to the previously estimated 2.5 percent increase.

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