Factory Production Increases More Than Expected
Factory production in the United States grew 0.5% last month, the fastest pace in a year, as mining rebounded and utility use climbed, data from the Federal Reserve showed Aug. 16 in Washington.
Manufacturing Growth Cooled in July From One-Year High
U.S. manufacturing expanded in July, though at a slower pace, indicating gradual improvement that could help the economy emerge from a weak first half of the year.
Jobless Claims Climb From a Three-Month Low
The number of Americans who filed for unemployment benefits in the week ended July 23 rose from a three-month low, consistent with the Federal Reserve’s view of a stronger job market.
New-Home Sales Jump to Highest Level Since February 2008
Purchases of new U.S. single-family homes rose in June to the highest level in more than eight years, indicating a firm and resilient housing market.
Sales of Existing Homes Rise to Highest Level in Nine Years
Sales of previously owned homes unexpectedly climbed in June to the highest level in more than nine years, giving a boost to residential real estate as it approached the end of its busy selling season.
Housing Starts Increase More Than Forecast in June
New-home construction in the United States rose more than forecast in June, providing momentum for residential real estate near the end of its busy selling season.
Consumer Sentiment Drops High Earners Shaken by Brexit
Consumer confidence in the United States dropped in July as U.K.’s vote to leave the European Union flustered high-income earners.
Fewest Americans Since Mid-April File for Unemployment Benefits
Filings for U.S. unemployment benefits unexpectedly declined last week to the lowest level since mid-April, signaling labor market stability amid a shaky global economy.
Jobless Claims Declined More Than Forecast Last Week
Fewer Americans than forecast filed for unemployment benefits last week, adding to evidence that the labor market is healthy and stable.
More Americans See Economy Worsening Than at Any Time Since 2013
More Americans in June saw the economy worsening than at any time in more than 2 1/2 years, and a weekly gauge of consumer comfort also declined, according to figures from the Bloomberg Consumer Comfort Index released June 16.