Housing Starts Drop to Lowest Level in Three Months
New-home construction in the United States unexpectedly cooled in January, indicating there is a limit to how much gains in residential real estate will boost growth at the start of 2016.
Jobless Claims Decline to Lowest Level in Seven Weeks
Filings for unemployment benefits in the United States declined to a seven-week low as hiring managers demonstrated confidence in the outlook after temporary adjustments around the holidays.
Trade Gap Widens as Exports Fall to 4-Year Low
The trade deficit widened in December as stable U.S. domestic demand supported imports while weaker growth abroad held back overseas sales.
Consumer Prices Fall, Led by Slump in Commodities
The cost of living in the United States dropped in December, led by a slump in commodities that’s roiling global markets.
Consumer Sentiment Rose in January to 7-Month High
Consumer confidence rose in January to the highest level in seven months as low inflation helped support households, whose outlook for wage gains remained subdued.
Wholesale Prices in US Decrease, Led by Plunging Fuel Costs
Wholesale prices in the United States declined in December from the prior month, showing inflation remains well-contained as Federal Reserve officials weigh further increases in the benchmark interest rate.
Service Companies Outpace Manufacturers, Sustaining Economy
American service companies continued to outperform their manufacturing counterparts in December as orders and employment picked up, indicating the world’s largest economy will keep expanding this year.
Manufacturing Contracts at Fastest Pace in Six Years
Manufacturing in the United States contracted in December at the fastest pace in more than six years as factories, hobbled by sluggish global growth, cut staff at the end of 2015.
Capital Goods Orders Drop for First Time in Three Months
Orders for U.S. capital goods dropped in November for the first time in three months, showing businesses began tempering new investment after a third-quarter surge.
Consumer Spending in Third Quarter Paces 2% Economic Growth
The U.S. economy expanded at a revised 2% annualized rate in the third quarter, buoyed by consumer spending as businesses struggled to sell to overseas customers battered by sluggish growth.