USD News

After reporting a jump in U.S. consumer sentiment in the previous month, the University of Michigan released a report on Friday showing a bigger than expected pullback in sentiment in the month of November.

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With a drop in retail inventories offsetting increases in manufacturing and wholesale inventories, the Commerce Department released a report on Wednesday showing U.S. business inventories were unchanged in the month of September.

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New residential construction in the U.S. jumped by much more than expected in the month of October, according to a report released by the Commerce Department on Friday.

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With the impact of recent hurricanes dissipating, the Conference Board released a report on Monday showing a much bigger than expected jump by its index of leading U.S. economic indicators in the month of October. The Conference Board said its leading economic index surged up by 1.2 percent.

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Existing home sales in the U.S. jumped by much more than anticipated in the month of October, according to a report released by the National Association of Realtors on Tuesday. The report said existing home sales surged up by 2.0 percent to an annual rate of 5.48 million in October.

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Consumer sentiment in the U.S. pulled back by less than initially estimated in the month of November, according to a report released by the University of Michigan on Wednesday. The report said the consumer sentiment index for November was upwardly revised to 98.5 from the preliminary estimate of 97.8.

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In a sign consumers are entering the holiday season in very high spirits, the Conference Board released a report on Tuesday showing an unexpected improvement in U.S. consumer confidence in the month of November. The Conference Board said its consumer confidence index climbed to 129.5.

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Home price growth in major U.S. metropolitan areas accelerated by more than expected in the month of September, according to a report released by Standard & Poor's on Tuesday. The report said the S&P/Case-Shiller 20-City Composite Home Price Index climbed 6.2 percent year-over-year in September.

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A report released by the Commerce Department on Wednesday showed stronger than previously estimated U.S. economic growth in the third quarter. The report said real gross domestic product surged up by an upwardly revised 3.3 percent.

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Construction spending in the U.S. jumped by much more than anticipated in the month of October, the Commerce Department revealed in a report on Friday. The report said construction spending surged up by 1.4 percent to an annual rate of $1.242 trillion in October.

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