US Economic News

A report released by the Federal Reserve on Tuesday showed U.S. industrial production increased by more than expected in the month of July. The Fed said industrial production climbed by 0.6 percent in July following a revised unchanged reading in June.

New residential construction in the U.S. tumbled by much more than expected in the month of July, according to a report released by the Commerce Department on Tuesday. The report showed housing starts plunged by 9.6 percent to an annual rate of 1.446 million in July after slumping by 2.4 percent to a rate of 1.559 million in June.

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

A report released by the National Association of Home Builders on Monday unexpectedly showed a continued deterioration in U.S. homebuilder confidence in the month of August. The report showed the NAHB/Wells Fargo Housing Market Index dropped to 49 in August from 55 in July. Economists had expected the index to come in unchanged.

New York manufacturing activity has unexpectedly seen a substantial contraction 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 plummeted to a negative 31.3 in August from a positive 11.1 in July.

New York manufacturing activity has unexpectedly seen a substantial contraction in the month of August, according to a report released by the Federal Reserve Bank of New York on Monday.

Consumer sentiment in the U.S. has improved by much more than expected in the month of August, according to preliminary data released by the University of Michigan on Friday. The report showed the consumer sentiment index jumped to 55.1 in August from 51.5 in July. Economists had expected the index to inch up to 52.5.

Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import prices fell by more than expected in the month of July. The Labor Department said import prices slumped by 1.4 percent in July after rising by an upwardly revised 0.3 percent in June.

Reflecting a sharp pullback in prices for fuel imports, the Labor Department released a report on Friday showing U.S. import prices fell by more than expected in the month of July.

After yesterday's report showing U.S. consumer prices came in flat in the month of July, the Labor Department released a separate report on Thursday showing producer prices unexpectedly decreased during the month. The Labor Department said its producer price index for final demand fell by 0.5 percent in July after surging by a revised 1.0 percent in June.

First-time claims for U.S. unemployment benefits saw another modest increase in the week ended August 6th, according to a report released by the Labor Department on Thursday. The report showed initial jobless claims rose to 262,000, an increase of 14,000 from the previous week's revised level of 248,000.

First-time claims for U.S. unemployment benefits saw another modest increase in the week ended August 6th, according to a report released by the Labor Department on Thursday.

After yesterday's report showing U.S. consumer prices came in flat in the month of July, the Labor Department released a separate report on Thursday showing producer prices unexpectedly decreased during the month.

A report released by the Commerce Department on Wednesday showed a continued surge in U.S. wholesale inventories in the month of June. The Commerce Department said wholesale inventories shot up by 1.8 percent in June after leaping by an upwardly revised 1.9 percent in May.

With a sharp pullback in gasoline prices offsetting higher prices for food and shelter, the Labor Department released a report on Wednesday showing U.S. consumer prices came in flat in the month of July. The Labor Department said its consumer price index was unchanged in July after jumping by 1.3 percent in June.