United States Exports of Newsprint & Other Paper Products

The University of Michigan's consumer sentiment for the US fell to 90.7 in January of 2019 from 98.3 in December, well below market expectations of 97. It is the lowest reading since October of 2016. The decline was primarily focused on prospects for the domestic economy, with the year-ahead outlook for the national economy judged the worst since mid 2014.

US industrial output rose 0.3 percent from a month earlier in December 2018, following a downwardly revised 0.4 percent growth in November and beating market expectations of a 0.2 percent gain. Manufacturing production increased by the most in 10 months and mining activity continued to rise while utilities output contracted sharply.

The number of Americans filling for unemployment benefits decreased by 3 thousand to 213 thousand in the week ending January 12 from the previous week’s unrevised level of 216 thousand. It was the second straight week of declines, bringing initial claims to the lowest level since the week ending December 8. It compares with market expectations of 220 thousand.

Annual inflation rate in the United States fell to 1.9 percent in December of 2018 from 2.2 percent in November, matching market expectations. It is the lowest inflation rate since August of 2017, mainly due to a decline in gasoline cost. On a monthly basis, consumer prices edged down 0.1 percent after a flat reading in the previous month and also in line with forecasts. It is the first monthly decrease in consumer prices in nine months, due to a 7.5 percent slump in gasoline prices.

The number of Americans filling for unemployment benefits decreased by 17 thousand to 216 thousand in the week ending January 5 from the previous week’s revised level of 233 thousand and below market expectations of 225 thousand.

Federal Reserve officials revised down their assessments of the appropriate path for monetary policy amid growing concerns about volatility in financial markets, trade tensions and uncertain global growth, minutes from the last FOMC meeting showed. Policymakers also noted that the central bank could afford to be patient about further policy firming as inflation remains muted.

The ISM Non-Manufacturing PMI index for the United States fell to 57.6 in December of 2018 from 60.7 in November and below market expectations of 59. The reading pointed to the weakest expansion in the services sector in five months, amid a slowdown in business activity, employment, inventories and supplier deliveries.

Nonfarm payrolls in the US increased by 312 thousand in December 2018, following an upwardly revised 176 thousand rise in November and easily beating below market expectations of 177 thousand. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade. The December jobs gain pushed total US employment above 150 million jobs for the first time.

The US unemployment rate rose to 3.9 percent in December 2018 from a 49-year low of 3.7 percent in the previous month, and above market expectations of 3.7 percent. It was the highest jobless rate since July, as the number of unemployed persons increased by 276 thousand to 6.3 million and employment advanced by 142 thousand to 156.9 million.

The ISM Manufacturing PMI in the US fell to 54.1 in December, the weakest since November 2016, from 59.3 in November and missing market expectations of 57.9. It was the largest monthly drop since October 2008 as growth in new orders, production and employment slowed sharply.

The number of Americans filling for unemployment benefits increased by 10 thousand to 231 thousand in the week ending December 30 from the previous week’s revised level of 221 thousand and above market expectations of 220 thousand.

The IHS Markit US Manufacturing PMI came in at 53.8 in December 2018, little-changed from a preliminary estimate of 53.9 and below November's final 55.3. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since September 2017.

The number of Americans filling for unemployment benefits decreased by 1 thousand to 216 thousand in the week ending December 22 from the previous week’s revised level of 217 thousand. It compares with market expectations of 217 thousand.

The University of Michigan's consumer sentiment for the US was revised higher to 98.3 in December of 2018 from a preliminary of 97.5 and 97.5 in November, final estimates showed. The Sentiment Index averaged 98.4 in 2018, the best year since 107.6 in 2000.

Personal spending in the United States increased 0.4 percent from a month earlier in November 2018, following an upwardly revised 0.8 percent gain in October and above market expectations of a 0.3 percent rise.

New orders for US manufactured durable goods surged 0.8 percent from a month earlier in November 2018, following a downwardly revised 4.3 percent plunge in October and missing market expectations of a 1.6 percent advance. Transportation equipment drove the increase.

The US economy advanced an annualized 3.4 percent on quarter in the third quarter of 2018, slightly below earlier estimates of a 3.5 percent growth, final figures showed. It follows a 4.2 percent expansion in the previous period which was the highest since the third quarter of 2014. Personal spending was revised slightly lower and net trade dragged down more on growth than initially estimated while inventory accumulation was higher than expected.

The number of Americans filling for unemployment benefits increased by 8 thousand to 214 thousand in the week ending December 15 from the previous week's unrevised level of 206 thousand, which was the biggest decline in near 49 years. It compares with market expectations of a 10 thousand gain to 216 thousand.

The Federal Reserve raised the target range for the federal funds rate by 25bps to 2.25-2.5 percent during its December meeting and lowered forecasts for interest rate hikes in 2019 amid recent volatility in financial markets and slowing global growth. It is the fourth hike this year on the back of solid economic growth and strong labor market and despite heavy criticism from President Donald Trump.

Housing starts in the United States jumped 3.2 percent from a month earlier to an annualized rate of 1,256 thousand in November of 2018, beating market forecasts of a 0.2 percent drop. Starts went up in the Northeast and the South but slumped in the Midwest and the West. The multi-family segment soared while single-family homebuilding reached the lowest level since May 2017.

The IHS Markit US Manufacturing PMI fell to 53.9 in December of 2018 from 55.3 in November, below market expectations of 55.1. The reading pointed to the slowest expansion in factory activity since November of 2017, as new orders and employment rose at a slower pace, preliminary estimates showed. Also, the near-term outlook has become less favourable.

US industrial output rose 0.6 percent from a month earlier in November 2018, following a downwardly revised 0.2 percent contraction in October and beating market expectations of a 0.3 percent gain. Mining and utilities output led the increase while manufacturing production was unchanged.

US retail trade rose by 0.2 percent from a month earlier in November 2018, following an upwardly revised 1.1 percent growth in October and matching market expectations. An increase in sales of furniture, electronics and a range of other goods was partially offset by a decline in trade at gasoline stations on the back of cheaper fuel prices.

The US government budget deficit went up to USD 205 billion in November 2018 from USD 139 billion in the same month of the previous year, above market expectations of USD 188 billion. It is the widest budget gap on record for a November month, as spending surged 18.4 percent to USD 411 billion while revenues fell 1.2 percent to USD 206 billion.

The number of Americans filling for unemployment benefits decreased by 27 thousand to a near 49-year low of 206 thousand in the week ending December 8 from the previous week's revised level of 233 thousand. Claims declined for the second straight week and by the most since April 2015. It compares with market expectations of a decline to 225 thousand.

Annual inflation rate in the US fell to 2.2 percent in November of 2018 from 2.5 percent in October, matching market expectations. It is the lowest reading since February. On a monthly basis, consumer prices were unchanged after rising 0.3 percent in October and also in line with forecasts. The gasoline index declined 4.2 percent, offsetting increases in an array of indexes including shelter and used cars and trucks.

The University of Michigan's consumer sentiment for the US was steady at 97.5 in December of 2018, the same as in the previous month and above market expectations of 97, preliminary estimates showed. In the last 2 years, consumer sentiment has been above 90, a pattern not seen since 1997 to 2000.

The US unemployment rate was unchanged at a 49-year low of 3.7 percent in November 2018, in line with market expectations. The number of unemployed decreased by 100 thousand to 5.98 million and employment rose by 233 thousand to 156.80 million.

Non farm payrolls in the United States increased by 155 thousand in November of 2018, following a downwardly revised 237 thousand in October and well below market expectations of 200 thousand. Job gains occurred in health care, in manufacturing, and in transportation and warehousing.

The ISM Non-Manufacturing PMI index for the United States edged up to 60.7 in November of 2018 from 60.3 in October, beating market expectations of 59.2. The non-manufacturing sector continued to reflect strong growth in November although concerns persist about employment resources and the impact of tariffs. Yet, respondents remain positive about current business conditions and the direction of the economy.

The U.S. trade deficit widened to USD 55.5 billion in October of 2018 from an upwardly revised USD 54.6 billion in the previous month and compared with market expectations of a USD 54.9 billion gap. It is the highest deficit since October of 2008 as lower soybean sales weighed down on exports and imports reached a new record high.

The number of Americans filling for unemployment benefits decreased by 4 thousand to 231 thousand in the week ending December 1 from the previous week's revised level of 235 thousand. It compares with market expectations of a decline to 225 thousand.

The Institute for Supply Management’s Manufacturing PMI in the US jumped to 59.3 in November of 2018 from 57.7 in October, beating market expectations of 57.6. New orders, production and employment rose faster and comments from the panel reflect continued expanding business strength.

The IHS Markit US Manufacturing PMI was revised slightly down to 55.3 from a preliminary of 55.4 in November of 2018 and 55.7 in October. However, the reading indicated a solid improvement in the health of the sector that was above the series trend as new orders rose the most since May and job creation was also stronger. On the other hand, business confidence was the lowest since September of 2017 amid concerns over the sustainability of the current sequence of new order growth.

The Fed considered that another increase in the federal funds rate is likely to be warranted fairly soon, suggesting a rate hike at the upcoming meeting in December, FOMC minutes showed. Policymakers also said that monetary policy is not on a preset course and can be adjusted according to incoming economic data.

Personal spending in the United States rose 0.6 percent from a month earlier in October 2018, following a downwardly revised 0.2 percent advance in September and beating market expectations of a 0.4 percent gain. It was the largest increase in personal spending since March.

The number of Americans filling for unemployment benefits rose by 10 thousand to 234 thousand in the week ending November 24 from the previous week's unrevised level of 224 thousand and against market expectations of a drop to 220 thousand. Claims increased for the third straight week, hitting its highest level since the week ending May 19. However, the Thanksgiving Day was observed on Thursday which could have influenced the data.

Sales of new single-family houses in the United States slumped 8.9 percent from the previous month to a seasonally adjusted annual rate of 544 thousand in October 2018, following an upwardly revised 1 percent growth in September and missing market expectations of a 3.7 percent jump. New home sales were at the lowest level since March 2016.

The US economy advanced an annualized 3.5 percent on quarter in the third quarter of 2018, in line with earlier figures, the second estimate showed. It follows a 4.2 percent growth in the previous period which was the highest since the third quarter of 2014. Upward revisions to nonresidential fixed investment and private inventory investment were offset by a downward revision to consumer spending and a higher drag from net trade.

The IHS Markit US Manufacturing PMI fell to 55.4 in November 2018 from 55.7 in the previous month and below market consensus of 55.7, a preliminary estimate showed. Output growth slowed to a three-month low while new orders rose the most in six months and the pace of job creation hit an 11-month high.

The University of Michigan's consumer sentiment for the US fell further to 97.5 in November of 2018 from a preliminary reading of 98.3 and 98.6 in October. It is the lowest value in three months. Both current conditions and expectations were revised lower although the drops were more related to income than political party.

New orders for US manufactured durable goods slumped 4.4 percent from a month earlier in October 2018, following a downwardly revised 0.1 percent decline in September and worse than market expectations of a 2.5 percent drop. It was the largest fall in durable goods orders since July 2017.

The number of Americans filling for unemployment benefits rose by 3 thousand to 224 thousand in the week ending November 17 from the previous week's upwardly revised level of 221 thousand and compared with market expectations of 215 thousand. It was the highest level since the week ending June 30. Claims for North Carolina and Florida continued to be affected by Hurricanes Florence and Michael, respectively.

Housing starts in the US increased 1.5 percent from a month earlier to an annualized rate of 1,228 thousand in October of 2018, following an upwardly revised 5.5 percent drop in September and compared with market expectations of a 1.6 percent rise. The multi-family segment led the rise while construction of single-family houses declined for a second month. Starts rebounded in the South after being hurt by Hurricane Florence in September but fell in the Northeast and the West.

US industrial output edged up 0.1 percent from a month earlier in October 2018, following a downwardly revised 0.2 percent advance in September and missing market expectations of a 0.2 percent gain. An increase in manufacturing production was partially offset by declines in both mining and utilities output. Hurricanes lowered the level of industrial production in both September and October, but their effects appear to be less than 0.1 percent per month.

US retail trade rose by 0.8 percent from a month earlier in October 2018, following a revised 0.1 percent drop in September and beating market expectations of a 0.5 percent gain. This was the largest increase in retail trade since May.

The number of Americans filling for unemployment benefits rose by 2 thousand to 216 thousand in the week ending November 10 from the previous week's unrevised level of 214 thousand while markets had expected a drop to 212 thousand. However, the Veterans Day holiday was observed on Monday which could have influenced the data. Claims for North Carolina continued to be affected by Hurricane Florence while in Florida and Georgia they were impacted by Hurricane Michael.

Annual inflation rate in the US increased to 2.5 percent in October of 2018 from 2.3 percent in September. Figures match market expectations, mainly due to prices of fuel oil and gasoline. On a monthly basis, consumer prices increased 0.3 percent, higher than 0.1 percent in September and matching forecasts. It is the highest monthly gain in nine months, mainly due to gasoline.

The US government budget deficit increased to USD 100 billion in October 2018 from USD 63 billion in the same month of the previous year, matching market expectations. Outlays increased 18.3 percent to USD 353 billion while receipts climbed at a softer 7.4 percent to USD 253 billion.

The University of Michigan's consumer sentiment for the US fell to 98.3 in November of 2018 from 98.6 in October but slightly higher than market expectations of 98. It is the lowest reading in three months, mainly due to a fall in consumer expectations, preliminary estimates showed. Data was collected until Wednesday night so there was only a one-day overlap after the mid-term election results were known by consumers.

The Federal Reserve kept the target range for the federal funds rate at 2 percent to 2.25 percent during its November 2018 meeting, saying that the labor market has continued to strengthen and that economic activity has been rising at a strong rate while inflation remains near its 2 percent target. The Fed also reaffirmed its plans to continue raising rates gradually, suggesting a rate hike at its next meeting in December is likely.

The number of Americans filling for unemployment benefits dropped by 1 thousand to 214 thousand in the week ending November 3 from the previous week's upwardly revised level of 215 thousand, matching market expectations. Claims for North Carolina continued to be affected by Hurricane Florence while in Florida and Georgia they were impacted by Hurricane Michael.

The ISM Non-Manufacturing PMI index for the United States fell to 60.3 in October of 2018 from 61.6 in September, beating market expectations of 59.3. Production, new orders and employment slowed although general growth in the services sector remained strong. There are continued concerns about capacity, logistics and tariffs although the respondents are positive about current business conditions.

Non farm payrolls in the United States increased by 250 thousand in October of 2018, following a downwardly revised 118 thousand in September and well above market expectations of 190 thousand. Job growth occurred in health care, in manufacturing, in construction, and in transportation and warehousing.

The US unemployment rate was unchanged at 3.7 percent in October 2018, unchanged from the previous month's 49-year low and in line with market expectations. The number of unemployed increased by 111 thousand to 6.08 million and employment rose by 600 thousand to 156.56 million.

The U.S. trade deficit widened to USD 54.0 billion in September 2018 from an upwardly revised USD 53.3 billion in the previous month and compared with market expectations of a USD 53.6 billion gap. It is the highest deficit in 7 months as imports rose to a record high.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 57.7 in October of 2018 from 59.8 in September and below market expectations of 59. The reading pointed to the slowest growth in factory activity in six months after reaching the highest since 2004 in August. New orders, production and employment eased and price pressures continued.

The IHS Markit US Manufacturing PMI was revised down to 55.7 in October of 2018 from a preliminary of 55.9, but slightly higher than 55.6 in September. Figures still pointed to the strongest increase in factory activity in five months, mainly boosted by a sharp rise in new business which was the strongest in five months.

The number of Americans filling for unemployment benefits decreased by 2 thousand to 214 thousand in the week ending October 27 from the previous week’s upwardly revised 216 thousand and compared with market expectations of 213 thousand. Claims for North Carolina continued to be affected by Hurricane Florence, while for Florida and Georgia were impacted by Hurricane Michael.

Personal spending in the United States rose 0.4 percent from a month earlier in September of 2018, following an upwardly revised 0.5 percent rise in August. Figures matched market expectations, mainly boosted by spending in motor vehicles and health care.

The University of Michigan's consumer sentiment for the US fell to 98.6 in October of 2018 from a preliminary estimate of 99 and 100.1 in September. The decline was due to less favorable current economic conditions and higher inflationary pressures.

The US economy advanced an annualized 3.5 percent on quarter in the third quarter of 2018, beating market expectations of 3.3 percent, the advance estimate showed. It follows a 4.2 percent growth in the previous period which was the highest since the third quarter of 2014. Consumer spending rose faster and inventories rebounded. On the other hand, investment in structures fell the most in near three years, residential continued to contract and net trade made the biggest drag on growth since Q2 1985.

New orders for US manufactured durable goods unexpectedly rose 0.8 percent month-over-month in September of 2018, following an upwardly revised 4.6 percent rise in August and beating market expectations of a 1 percent drop. Transportation equipment drove the increase as orders for motor vehicles and parts went up 1.3 percent and orders for defense capital jumped 119.1 percent. Orders for non-defense capital goods excluding aircraft, seen as a proxy for business spending plans, edged down 0.1 percent after a 0.2 percent drop in August.

The number of Americans filling for unemployment benefits increased by 5 thousand to 215 thousand in the week ending October 20 from the previous week's unrevised level of 210 thousand. Figures came slightly above market expectations of 214 thousand. Claims for South and North Carolina continued to be affected by Hurricane Florence while in Florida and Georgia they were impacted by Hurricane Michael.

Sales of new single-family houses in the United States dropped 5.5 percent from the previous month to a seasonally adjusted annual rate of 553 thousand in September of 2018, following a downwardly revised 3.0 percent decline in August. It is the lowest rate since December 2016, worse than market expectations of 625 thousand. Sales in the Northeast went down to its lowest level since April 2015. Also, sales decreased in the West and in the South.

The IHS Markit US Manufacturing PMI rose to 55.9 in October of 2018 from 55.6 in September, beating market expectations of 55.5, preliminary estimates showed. The reading pointed to the strongest expansion in factory activity since May, boosted by increases in new business and job creation offsetting a slowdown in output growth.

The number of Americans filling for unemployment benefits decreased by 5 thousand to 210 thousand in the week ended October 13th from the previous week's upwardly revised level of 215 thousand. Figures came below market expectations of 212 thousand. Claims for South and North Carolina continue to be affected by the effects of Hurricane Florence while in Florida they were impacted by Hurricane Michael.

The Fed considered that further gradual increases in the target range for the federal funds rate would be necessary to achieve a sustained economic expansion, minutes from last FOMC meeting showed. Some Fed officials said policy would need to become modestly restrictive for a time and other judged that it would be necessary to temporarily raise rates above the normalization level to prevent inflation from overshooting the 2 percent target.

Housing starts in the US dropped 5.3 percent from a month earlier to an annualized rate of 1,201 thousand in September of 2018, following a 7.1 percent gain in August and compared with market expectations of a 4.5 percent fall. Starts in the South declined the most since October 2015 mainly due to Hurricane Florence, which hit North and South Carolina in September.

Industrial production in the United States increased 0.3 percent month-over-month in September of 2018, following a 0.4 percent rise in August and slightly higher than market expectations of a 0.2 percent gain. Both manufacturing and mining went up while utilities were flat. Still, output growth in September was held down slightly by Hurricane Florence, with an estimated effect of less than 0.1 percentage point. Industrial output went up an annualized 3.3 percent in the third quarter of 2018, below a 5.3 percent rise in the second quarter.

The US government budget surplus went up to USD 119 billion in September 2018 from USD 8 billion in the same month of the previous year. Figures came above market expectations of USD 71 billion, mainly due to a sharp decline in expenses as outlays for Military active duty and retirement, Veterans' benefits, Supplementary Social Security Income, and Medicare payments to Health Maintenance Organizations and prescription drug plans accelerated into August, because September 1, 2018, the normal payment date, fell on a non-business day. Social Security benefits also accelerated into August since September 3, 2018, the normal payment date, also fell on a non-business day.

Retail sales in the United States edged up 0.1 percent month-over-month in September of 2018, the same as in the previous month and well below market expectations of a 0.6 percent rise. Spending at restaurants and bars went down 1.8 percent, the most since December of 2016.

The University of Michigan's consumer sentiment for the US fell to 99 in October of 2018 from 100.1 in September and below market expectations of 100.4, preliminary estimates showed. The decline was due to less favorable assessments by consumers of their personal finances as upward revisions in the year-ahead expected inflation rate weakened real income expectations.

Annual inflation in the US fell to 2.3 percent in September of 2018 from 2.7 percent in August and below market expectations of 2.4 percent. It is the lowest inflation rate since February, mainly due to a sharp slowdown in gas prices and smaller increases in fuel and shelter costs.

The number of Americans filling for unemployment benefits rose by 7 thousand to 214 thousand in the week ended October 6th from the previous week's unrevised level of 207 thousand while markets had expected a drop to 206 thousand. Claims for South and North Carolina continue to be affected by the effects of Hurricane Florence, which caused damages in the region in mid-September.

The U.S. trade deficit increased to a six-month high of USD35.2 billion in August as exports dropped further amid declining soybean shipments and imports hit a record high amid stronger demand for cars, industrial supplies and petroleum.

The unemployment rate in the US declined to 3.7 percent in September of 2018 from 3.9 percent in each of the previous two months and below market expectations of 3.8 percent. It is the lowest jobless rate since December of 1969. The number of unemployed persons decreased by 270,000 to 6.0 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage point and 795,000, respectively.

Non farm payrolls in the United States increased by 134 thousand in September of 2018, following an upwardly revised 270 thousand in August and well below market expectations of 185 thousand. It is the lowest reading in a year after Hurricane Florence hit the Carolinas in mid-September likely weighing on payrolls. Job gains occurred in professional and business services, in health care, and in transportation and warehousing.

The number of Americans filling for unemployment benefits fell by 8 thousand to 207 thousand in the week ended September 29 from the previous week’s upwardly revised level of 215 thousand and compared with market expectations of 213 thousand. Claims for South and North Carolina continue to be affected by the effects of Hurricane Florence, which caused damages in the region in mid-September. According to unadjusted data, claims declined the most in North Carolina (-4,783), Kentucky (-4,643), New York (-804) and California (-514) while the biggest rises were reported in South Carolina (+939), Illinois (+521) and Ohio (+478).

The ISM Non-Manufacturing PMI index for the United States rose to 61.6 in September of 2018 from 58.5 in August, beating market expectations of 58. The reading pointed to a record growth in the services sector. Overall, companies remain positive about business conditions and the current and future economy. Concerns remain about capacity, logistics and the uncertainty with global trade.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 59.8 in September of 2018 from 61.3 in August which was the highest reading since May of 2004. Figures came slightly below market expectations of 60.1 as new orders and inventories rose less. Manufacturers remain concerned about tariff-related activity, including how reciprocal tariffs will impact company revenue and current manufacturing locations.

The IHS Markit US Manufacturing PMI rose to 55.6 in September of 2018 from 54.7 in August, matching the preliminary estimate. The reading pointed to the strongest growth in factory activity in four months, driven by sharper rises in output and new orders, though new business from abroad continued to expand at only a marginal pace. Also, the average for the third quarter was strong overall but signaled the softest expansion since the fourth quarter of 2017.

The University of Michigan's consumer sentiment for the US was revised down to 100.1 in September of 2018 from a preliminary reading of 100.8. Yet, the reading was higher than 96.2 in August and topped 100.0 for only the third time since January of 2004. The single issue that was cited as having a potential negative impact on the economy was tariffs. Concerns about the negative impact of tariffs were cited by nearly one-third of all consumers in September.

Personal spending in the United States rose 0.3 percent from a month earlier in August 2018, following a 0.4 percent advance in July and matching market expectations. It was the smallest increase in personal spending since February.

The US economy advanced an annualized 4.2 percent on quarter in the second quarter of 2018, unrevised from the previous estimate and in line with market expectations. It is the highest growth rate since the third quarter of 2014. Net trade made the highest contribution since the last three months of 2013 mainly due to a rise in exports of soybeans and other goods before tariffs take completely effect. On the other hand, inventories made the biggest drag on growth since the first quarter of 2014.

New orders for US manufactured durable goods surged 4.5 percent from a month earlier in August 2018, following a downwardly revised 1.2 percent drop in July and easily beating market expectations of a 2 percent growth. Transportation equipment drove the increase as volatile demand for civilian aircraft rose.

The number of Americans filling for unemployment benefits increased by 12 thousand to 214 thousand in the week ended September 22 from the previous week's upwardly revised level of 202 thousand. It compares with market expectations of 210 thousand. Jobless claims hit the highest level since the week ended August 4, mainly reflecting temporary rises in states affected by Hurricane Florence.

The Federal Reserve raised the target range for the federal funds rate by 25bps to 2 percent to 2.25 percent during its September 2018 meeting, in line with market expectations. Policymakers expect one more rate hike this year, 3 increases in 2019 and 1 in 2020, in line with previous expectations.

Sales of new single-family houses in the United States jumped 3.5 percent from the previous month to a seasonally adjusted annual rate of 629 thousand in August of 2018, following a downwardly revised 1.6 percent drop in July. It compares with market expectations of a 0.5 percent rise to 630 thousand. Sales jumped in the Northeast but fell in the South.

The IHS Markit US Manufacturing PMI rose to 55.6 in September of 2018 from 54.7 in August, beating market expectations of 55. The reading pointed to the strongest expansion in manufacturing in four months, mainly boosted by faster increases in output and new orders, preliminary figures showed.

The number of Americans filling for unemployment benefits decreased by 3 thousand to 201 thousand in the week ending September 15 from the previous week's unrevised level of 204 thousand, missing market expectations of 210 thousand. Claims fell for the third straight week to hit the lowest level since November 15, 1969.

Housing starts in the US jumped 9.2 percent from a month earlier to an annualized rate of 1,282 thousand in August of 2018, recovering from a 0.3 percent drop in July and beating market expectations of a 5.8 percent rise. Starts increased in the South, the Midwest and the West and were flat in the Northeast.

The University of Michigan's consumer sentiment for the US jumped to 100.8 in September of 2018 from 96.2 in August, beating market expectations of 96.7. It is the second highest level since 2004, only behind the March 2018 reading of 101.4, preliminary estimates showed. Expectations were the strongest since July of 2004, largely due to more favorable prospects for jobs and incomes and current conditions were also assessed more favorable.

Industrial production in the US increased 0.4 percent month-over-month in August of 2018, following an upwardly revised 0.4 percent rise in July and beating market expectations of a 0.3 percent increase. Manufacturing moved up 0.2 percent, boosted by a 4 percent rise in motor vehicles and parts with motor vehicle assemblies jumping to an annual rate of 11.5 million units, the strongest since April. Excluding the gain in motor vehicles and parts, factory output was unchanged.

Retail sales in the US edged up 0.1 percent month-over-month in August of 2018, following an upwardly revised 0.7 percent rise in July and well below market expectations of a 0.4 percent increase. It is the smallest gain in retail sales in six months, mainly due to falls in purchases of motor vehicles, clothing and furniture.

The US government budget deficit nearly doubled to USD 214 billion in August 2018 from USD 108 billion in the same month of the previous year, above market expectations of USD 156.5 billion.

Annual inflation rate in the US fell to 2.7 percent in August of 2018 from 2.9 percent in July and below market expectations of 2.8 percent. It is the lowest reading in four months amid a slowdown in cost of fuel, gasoline and shelter.

The number of Americans filling for unemployment benefits decreased by 1 thousand to 204 thousand in the week ending September 8 from the previous week's upwardly revised level of 205 thousand and missing market consensus of 210 thousand. This is the lowest level for initial claims since December 6, 1969 when it was 202 thousand.

The US unemployment rate was unchanged at 3.9 percent in August 2018, above market expectations of 3.8 percent. Still, the jobless rate remained close to May's 18-year low as the number of unemployed declined by 46 thousand to 6.23 million and employment fell by 423 thousand to 155.54 million.

Non farm payrolls in the United States increased by 201 thousand in August of 2018, following a downwardly revised 147 thousand in July and above market expectations of 191 thousand. Employment increased in professional and business services, health care, wholesale trade, transportation and warehousing, and mining.

The ISM Non-Manufacturing PMI index rose to 58.5 in August from 55.7 in July, beating expectations of 56.8. Production, new orders, employment, business activity, backlogs of orders and new export orders rose faster while supplier deliveries and price pressures eased.

The number of Americans filling for unemployment benefits went down by 10 thousand to 203 thousand in the week ending September 1 from the previous week's unrevised level of 213 thousand while markets had expected a slight increase to 214 thousand. This is the lowest level for initial claims since December 6,1969 when it was 202,000. However, the Labor Day holiday was observed on Monday which could have influenced the estimates.

The US trade deficit widened by 9.5 percent to USD 50.1 billion in July of 2018 from a downwardly revised USD 45.7 billion in the previous month and slightly below market expectations of USD 50.3 billion. It is the highest trade gap in five months as imports hit a new record high and exports of soybeans and civilian aircraft fell sharply.

The Institute for Supply Management’s Manufacturing PMI in the US jumped to 61.3 in August of 2018 from 58.1 in the previous month, beating market expectations of 57.7. The reading pointed to the highest expansion in factory activity since May of 2004 amid faster increases in new orders, production, employment and inventories and lower inflationary pressures. However, manufacturers remain overwhelmingly concerned about tariff-related activity, including how reciprocal tariffs will impact company revenue and current manufacturing locations.

The IHS Markit US Manufacturing PMI was revised higher to 54.7 in August of 2018 from a preliminary of 54.5 but remained below 55.3 in July. The reading pointed to the slowest expansion in factory activity since November as rates of output and new order growth eased although remained solid. On the other hand, business confidence reached the highest in three months.

The University of Michigan's consumer sentiment for the US was revised higher to 96.2 in August of 2018 from 95.3 in the preliminary estimate. It compares with 97.9 in July and market expectations of 95.5. Yet, it is the lowest reading since January as current conditions were seen the weakest since November of 2016.

Personal spending in the United States rose 0.4 percent from a month earlier in July 2018, the same pace as in June and in line with market expectations.

The number of Americans filling for unemployment benefits rose by 3 thousand to 213 thousand in the week ending August 25 from the previous unrevised level of 210 thousand. It was the first rise in jobless claims after three straight weeks of decline and compares with market expectations of 214 thousand.

The US economy advanced an annualized 4.2 percent on quarter in the second quarter of 2018, slightly higher than a preliminary reading of 4.1 percent and beating market forecasts of 4 percent, the second estimate showed. It is the highest growth rate since the third quarter of 2014, as nonresidential fixed investment rose more than anticipated, mainly boosted by software and information processing equipment and imports fell, mainly due to petroleum.

The economy is strong, inflation is near the 2 percent objective, and most people who want a job are finding one, Fed Chair Powell said at the Jackson Hole symposium, suggesting the Fed is likely to raise rates again next month.

New orders for US manufactured durable goods declined 1.7 percent from a month earlier in July 2018, following a downwardly revised 0.7 percent advance in June and compared with market expectations of a 0.5 percent drop. Transportation equipment drove the decrease as volatile demand for civilian aircraft fell.

Sales of new single-family houses in the United States shrank 1.7 percent from the previous month to a seasonally adjusted annual rate of 627 thousand in July of 2018, following a downwardly revised 2.4 percent drop in June. It is the lowest rate since October, worse than market expectations of 645 thousand. Sales fell in the Northeast and in the South.

The IHS Markit US Manufacturing PMI fell to 54.5 in August of 2018 from 55.3 in July, slightly below market expectations of 55, preliminary estimates showed. The reading pointed to the slowest expansion in the manufacturing sector in nine months as output, new business, employment and capacity pressures moderated.

The number of Americans filling for unemployment benefits decreased by 2 thousand to 210 thousand in the week ending in August 18 from the previous unrevised week level of 212 thousand. It compares with market expectations of 215 thousand. Jobless claims declined for the third consecutive week to its lowest since July 14.

Fed officials expect GDP growth to slow from its second-quarter rate but to remain strong, although ongoing trade disputes remain an important source of uncertainty and risks, minutes from last FOMC meeting showed. The Fed also signaled it will likely raise rates next month.

The University of Michigan's consumer sentiment for the US fell to 95.3 in August of 2018 from 97.9 in July, below market expectations of 98. It is the lowest reading since September last year amid weaker assessments of buying conditions, mainly due to less favorable perceptions of market prices, preliminary estimates showed.

Housing starts in the US rose 0.9 percent from a month earlier to an annualized rate of 1,168 thousand in July 2018, recovering from an upwardly revised 12.9 percent drop in June, but missing market expectations of a 7.4 percent increase to 1,260 thousand.

The number of Americans filling for unemployment benefits dropped by 2 thousand to 212 thousand in the week ending August 11 from the previous week's upwardly revised level of 214 thousand. Jobless claims fell for the second straight week to its lowest level since the week ending in July 14. Market consensus had pointed to an increase to 215 thousand.

US industrial output edged up 0.1 percent month-over-month in July 2018, following an upwardly revised 1 percent increase in June and missing market expectations of a 0.3 percent gain. Manufacturing production continued to grow while there was a contraction in both utilities and mining output.

US retail trade rose by 0.5 percent month-over-month in July 2018, following a downwardly revised 0.2 percent advance in June. The sales beat market expectations of a 0.1 percent gain boosted by purchases of motor vehicles and clothing.

The US budget deficit widened sharply to USD 77.0 billion in July 2018 from USD 42.9 billion in the same month of the previous year, slightly below market expectations of USD 77.8 billion.

US annual inflation rate stood at 2.9 percent in July 2018, unchanged from the previous month and slightly below market expectations of 3 percent. Still, inflation remained at its highest level since February 2012.

The number of Americans filling for unemployment benefits decreased by 6 thousand to 213 thousand in the week ending August 4 from the previous week's upwardly revised level of 219 thousand. It compares with market consensus of 220 thousand.

The ISM Non-Manufacturing PMI index for the United States fell to 55.7 in July of 2018 from 59.1 in June, well below market expectations of 58.6. It is the lowest reading since August of 2017. Although most firms remain positive about business conditions and the economy, tariffs and deliveries are an ongoing concern.

The US trade deficit widened 7.3 percent to USD 46.3 billion in June 2018 from a revised USD 43.2 billion in the previous month and below market expectations of USD 46.5 billion.

Non farm payrolls in the United States increased by 157 thousand in July of 2018, following an upwardly revised 248 thousand in June and below market expectations of 190 thousand. Job gains occurred in professional and business services, in manufacturing, and in health care and social assistance.

The US unemployment rate fell to 3.9 percent in July 2018 from 4.0 percent in June, matching market expectations. The jobless rate touched an 18-year low of 3.8% in May. The number of unemployed persons declined by 284,000 to 6.3 million and employment was almost unchanged at 156.0 million.

The number of Americans filling for unemployment benefits rose by 1 thousand to 218 thousand in the week ending in July 28 from the previous week's unrevised level of 217,000. It compares with market expectations of 220 thousand.

The Federal Reserve kept the target range for the federal funds rate at 1.75 percent to 2 percent during its August 2018 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen and economic activity has been rising at a strong rate, suggesting a rate hike at its next meeting in September is likely.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.1 in July of 2018 from 60.2 in the previous month, below market expectations of 59.5. The reading pointed to the weakest expansion in the manufacturing sector in three months amid a slowdown in new orders, export orders and production. Demand remains robust but manufacturers keep showing concerns about how tariff-related activity, including reciprocal tariffs, will continue to affect their business.

The IHS Markit US Manufacturing PMI edged down to 55.3 in July of 2018 from a preliminary of 55.5 and 55.4 in June. The reading pointed to the slowest expansion in factory activity in five months amid weaker rises in output and employment and higher inflationary pressures while export sales fell for the second month in a row.

Personal spending in the United States rose 0.4 percent month-over-month in June 2018, following an upwardly revised 0.5 percent gain in May and matching market expectations. It was the smallest increase in personal spending in four months.

The University of Michigan's consumer sentiment for the US came in at a six-month low of 97.9 in July 2018, above the preliminary reading of 97.1 and little-changed from June's 98.2. Both consumer expectations and current economic conditions came in stronger than initially thought.

The US economy advanced an annualized 4.1 percent on quarter in the second quarter of 2018, well above an upwardly revised 2.2 percent expansion in the previous period and in line with market expectations. It is the strongest growth rate since the third quarter of 2014 amid higher consumer spending and soybean exports while business spending slowed, the advance estimate showed.

New orders for US manufactured durable goods rose 1 percent month-over-month in June 2018, following a downwardly revised 0.3 percent drop in May and missing market expectations of a 3 percent jump. Transportation equipment led the increase.

The number of Americans filling for unemployment benefits rose by 9 thousand to 217 thousand in the week ending in July 21 from the previous week's upwardly revised level of 208 thousand. It was the highest reading since the week ending in June 30, and above market expectations of 215 thousand. The previous week was revised up by 1,000 from 207,000 to 208,000.

Sales of new single-family houses in the United States declined 5.3 percent from the previous month to a seasonally adjusted annual rate of 631 thousand in June of 2018, following a downwardly revised 3.9 percent gain in May. It is the lowest rate since October, worse than market expectations of 670 thousand. Sales in the South fell sharply after hitting their highest level in nearly 11 years in May.

The IHS Markit US Manufacturing PMI edged up to 55.5 in July of 2018 from 55.4 in June and above market expectations of 55.4, flash estimates showed. The reading pointed to a slightly stronger growth of the manufacturing sector amid a robust rise in new orders and a solid upturn in both production volumes and employment.

In the week ending July 14, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week's revised level. This is the lowest level for initial claims since December 6, 1969 when it was 202,000. The previous week's level was revised up by 1,000 from 214,000 to 215,000.

Housing starts in the US plunged 12.3 percent month-over-month to an annualized rate of 1,173 thousand in June of 2018, following a downwardly revised 4.8 percent rise in May. It is the lowest rate since September of 2017 and the biggest drop since November of 2016. It compares with market expectations of 1,320 thousand rate.

US industrial output rose 0.6 percent month-over-month in June 2018, recovering from an upwardly revised 0.5 percent contraction in May and matching market expectations. The production of motor vehicles and parts rebounded last month after truck assemblies fell sharply in May because of a disruption at a parts supplier.

US retail trade rose by 0.5 percent month-over-month in June 2018, following an upwardly revised 1.3 percent advance in May and matching market expectations. June's gains were mainly boosted by increases in purchases of motor vehicles.

The University of Michigan's consumer sentiment for the US fell to 97.1 in July of 2018 from 98.2 in June, missing market expectations of 98.2. It is the lowest reading in six months, due to a drop in the current conditions gauge amid rising concerns about the potential negative impact of tariffs on the domestic economy, preliminary estimates showed.

The US budget deficit narrowed to USD 75.0 billion in June 2018 from USD 90.2 billion in the same month of the previous year, and below market expectations of USD 98.2 billion.

The inflation rate in the US edged up to 2.9 percent in June of 2018 from 2.8 percent in May, matching market expectations. It is the highest rate since February of 2012 when inflation was also at 2.9 percent, due to rising prices for oil and gasoline. The last time inflation was above 2.9 percent was in December of 2011 when it reached 3 percent.

The number of Americans filling for unemployment benefits decreased by 18 thousand to 214 thousand in the week ending July 7 from the previous week's upwardly revised level of 232 thousand. It was the lowest reading since the week ending May 5 and surprised markets which had expected a smaller decline to 225 thousand. Yet, last week's data included the Independence Day holiday, which this year fell on a Wednesday. It probably reflects volatility around such holidays.

The US trade deficit narrowed sharply to USD 43.1 billion in May 2018 from a revised USD 46.1 billion in the previous month and below market expectations of USD 43.7 billion. It was the smallest trade gap since October 2016.

The US unemployment rate rose to 4 percent in June 2018 from 3.8 percent in the previous month, which was the lowest since April 2000. The number came above market expectations of 3.8 percent as more entered the labor force.

Non farm payrolls in the United States increased by 213 thousand in June of 2018, following an upwardly revised 244 thousand in May and well above market expectations of 195 thousand. Job gains occurred in professional and business services, manufacturing, and health care, while employment in retail trade declined.

Fed officials reaffirmed their commitment to gradually raising rates but noted that uncertainty and risks associated with trade policy had intensified, which could eventually have negative effects on business sentiment and investment spending, minutes of the Fed's June meeting showed.

The ISM Non-Manufacturing PMI index for the United States rose to 59.1 in June of 2018 from 58.6 in May, beating market forecasts of 58.3. It is the highest reading since February as business activity and new orders rose faster and price pressures eased. Companies continue to be optimistic about business conditions and the overall economy although there is a continuing concern relating to tariffs, capacity constraints and delivery.

The number of Americans filling for unemployment benefits increased by 3 thousand to 231 thousand in the week ending June 30 from the previous week's upwardly revised level of 228 thousand. It was the highest reading in six weeks while markets were expecting a drop to 225 thousand.

The Institute for Supply Management’s Manufacturing PMI in the US rose to 60.2 in June of 2018 from 58.7 in the previous month, beating market expectations of 58.4. The reading pointed to the strongest expansion in the manufacturing sector in four months as production and inventories rose faster while new orders and employment eased slightly.

The IHS Markit US Manufacturing PMI was revised higher to 55.4 in June of 2018 from a preliminary of 54.6. Still, the reading fell from 56.4 in May, pointing to the slowest growth in factory activity in four months. Output and new orders both expanded at the slowest rates since November 2017. Meanwhile, the effects of tariffs were widely cited as contributing to another sharp rise in input prices, while suppliers’ delivery times lengthened to the greatest extent since the series began. Average charges rose at the second-fastest rate since June of 2011.

The University of Michigan's consumer sentiment for the US stood at 98.2 in June 2018, compared with a preliminary reading of 99.3 and slightly above May's 98. Both consumer expectations and current economic conditions came in weaker than initially thought.

Personal spending in the United States rose 0.2 percent month-over-month in May of 2018, following a downwardly revised 0.5 percent gain and below market expectations of 0.4 percent. It is the smallest increase in personal spending in four months, mainly due to a drop in outlays on household utilities.

The number of Americans filling for unemployment benefits rose by 9 thousand to 227 thousand in the week ending June 23 from the previous week's unrevised level of 218 thousand. It compares with market expectations of 220 thousand and marks the first rise in claims after four straight weeks of drops.

The US economy expanded an annualized 2 percent on quarter in the first quarter of 2018, below 2.2 percent in the second estimate and market expectations of 2.2 percent. It is the lowest growth rate in a year as business inventories and personal consumption were revised down, the final estimate showed.

New orders for US manufactured durable goods fell 0.6 percent month-over-month in May 2018, following a downwardly revised 1 percent drop in April while markets were expecting a bigger 1 percent decline. Transportation equipment led the decrease. Meanwhile, orders for non-defense capital goods excluding aircraft, a proxy for business spending plans, slipped 0.2 percent last month, after jumping by 2.3 percent in April.

Sales of new single-family houses in the United States jumped 6.7 percent from the previous month to a seasonally adjusted annual rate of 689 thousand in May of 2018, following an upwardly revised 3.7 percent fall in April. It is the highest rate since November, beating market expectations of a 0.7 percent increase. Sales in the South hit their highest level in nearly 11 years.

The IHS Markit US Manufacturing PMI fell to 54.6 in June of 2018 from 56.4 in May, well below market expectations of 56.5. The reading pointed to the slowest expansion in factory activity in 7 months, following the strong growth rates seen in recent months, preliminary estimates showed. New work rose the least since September last year, partly reflecting a slight drop in export sales.

The number of Americans filing for unemployment benefits fell by 3 thousand to 218 thousand in the week ending June 16th, compared to an upwardly revised 221 thousand in the previous week and markets expectations of 220 thousand new claims. It was the fourth consecutive week of decreases in jobless claims.

Housing starts in the US jumped 5 percent month-over-month to an annualized rate of 1,350 thousand in May of 2018, following a downwardly revised 3.1 percent fall in April. It is the highest rate since July of 2007, mainly due to a rebound in the multi-family segment. It compares with market expectations of 1,310 thousand rate.

The University of Michigan's consumer sentiment for the US increased to 99.3 in June of 2018 from 98 in May, preliminary estimates showed. Figures beat market expectations of 98.5, reaching the highest in three months due to consumers' more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables. In contrast, expectations declined to the lowest level since the start of the year due to less favorable prospects for the overall economy.

US industrial production edged down 0.1 percent month-over-month in May 2018, following an upwardly revised 0.9 percent growth in April and missing market expectations of a 0.2 percent gain.

US retail trade rose by 0.8 percent month-over-month in May 2018, following an upwardly revised 0.4 percent advance in April and easily beating market expectations of a 0.4 percent gain. It was the steepest increase in retail trade since November.

The number of Americans filing for unemployment benefits fell by 4 thousand to 218 thousand in the week ending June 9th, below market expectations of 224 thousand. It is the lowest reading in five weeks.

The Federal Reserve raised the target range for the federal funds rate by a quarter of a percentage point to a range of between 1.75 percent and 2 percent during its June meeting, saying that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. Policymakers projected two additional hikes by the end of this year, compared to one previously estimated.

The US budget deficit widened to USD 147.0 billion in May 2018 from USD 88.0 billion in the same month of the previous year, and compared to market expectations of USD 144 billion.

The inflation rate in the US increased to 2.8 percent in May of 2018 from 2.5 percent in April, beating market forecasts of 2.7 percent. It is the highest inflation rate since February of 2012, mainly due to rising prices for gasoline and shelter.

The number of Americans filing for unemployment benefits fell by 1 thousand to 222 thousand in the week ending June 2 from the previous week's revised level of 223 thousand and below market expectations of 225 thousand.

The US trade deficit narrowed to USD 46.2 billion in April of 2018 from a downwardly revised USD 47.2 billion in March, below market expectations of a USD 49 billion gap. It is the lowest trade deficit in seven months as exports hit a record high boosted by sales of industrial materials and soybeans. Imports edged down 0.2 percent.

The ISM Non-Manufacturing PMI index for the United States jumped to 58.6 in May of 2018 from 56.8 in April, well above market expectations of 57.5. Faster increases were seen for business activity, new orders and employment. Firms remain optimistic about business conditions and the overall economy although there continue to be concerns about the uncertainty surrounding tariffs, trade agreements and the impact on cost of goods sold.

The Institute for Supply Management’s Manufacturing PMI in the US rose to 58.7 in May 2018 from the previous month's nine-month low of 57.3, and beating market expectations of 58.1. New orders, production and employment rose at stronger rates.

The IHS Markit US Manufacturing PMI came in at 56.4 in May 2018, little-changed from the preliminary estimate of 56.6 and April's final 56.5. The reading marked the second-strongest improvement in the health of the manufacturing sector since September 2014, reflecting sharp expansions in output and new orders.

Non farm payrolls in the United States increased by 223 thousand in May of 2018, following a downwardly revised 159 thousand in April and well above market expectations of 189 thousand. Employment continued to trend up in several industries, including retail trade, health care, and construction.

The US unemployment rate fell to 3.8 percent in May 2018 from 3.9 percent in the previous month, and below market expectations of 3.9 percent. It was the lowest rate since April 2000, as the number of unemployed decreased by 281 thousand to 6.07 million and employment rose by 293 thousand to 155.47 million.

Personal spending in the United States increased 0.6 percent month-over-month in April of 2018 after an upwardly revised 0.5 percent gain in March and beating market expectations of a smaller 0.4 percent gain. It is the biggest increase in personal spending in five months, mainly boosted by a rebound in consumption of nondurable goods.

The number of Americans filing for unemployment benefits decreased by 13 thousand to 221 thousand in the week ending May 26 from the previous week's unrevised level of 234 thousand. It compares with market expectations of 228 thousand.

The US economy expanded an annualized 2.2 percent on quarter in the first quarter of 2018, below 2.3 percent in the advance estimate and market expectations of 2.3 percent. Consumer spending, inventories and exports rose less than expected while business spending in equipment, structures and intellectual property was revised higher, the second estimate showed.

The University of Michigan's consumer sentiment for the US was revised down to 98 in May of 2018 from a preliminary reading of 98.8 and below 98.8 in April. It is the lowest reading in four months as consumers anticipated smaller income gains and references to discounted prices for durables, vehicles, and homes fell to decade lows.

New orders for US manufactured durable goods slumped 1.7 percent month-over-month in April of 2018, following an upwardly revised 2.7 percent rise in March. It compares with market expectations of a 1.4 percent drop as orders for transportation equipment tumbled 6.1 percent. However, orders for non-defense capital goods excluding aircraft, a proxy for business spending, jumped 1 percent, reversing from a 0.9 percent decrease in March.

The number of Americans filing for unemployment benefits increased by 11 thousand to 234 thousand in the week ending May 19th, above market expectations of 220 thousand. It is the highest reading in seven weeks. The previous week level was revised slightly up by 1 thousand to 223 thousand.

It will soon be appropriate for the Fed to raise rates if incoming information broadly confirms the current economic outlook, minutes from the last FOMC meeting showed, pointing to a rate hike at the June meeting. Policymakers also said that a temporary period of inflation above 2 percent would still be consistent with the Committee's objective.

Sales of new single-family houses in the United States shrank 1.5 percent from the previous month to a seasonally adjusted annual rate of 662 thousand in April of 2018, compared to market expectations of a 2 percent drop. It follows a downwardly revised 2 percent jump in March.

The IHS Markit US Manufacturing PMI edged up to 56.6 in May of 2018 from 56.5 in April, slightly above market expectations of 56.5, preliminary estimates showed. The reading pointed to the strongest growth rate in factory activity since September of 2014 amid faster rises in production and incoming new business due to improving economic conditions and a continued recovery in domestic sales.

The number of Americans filing for unemployment benefits increased to 222 thousand in the week ending May 12th, from the previous week's unrevised level of 211 thousand and exceeding market expectations of 215 thousand. It was the highest reading in four weeks.

US industrial production increased by 0.7 percent month-over-month in April 2018, the same pace as in March and beating market expectations of a 0.6 percent gain. It was the third consecutive monthly increase in output, boosted by advances in both manufacturing and mining production while utilities growth slowed.

Housing starts in the US slumped 3.7 percent month-over-month to an annualized rate of 1,287 thousand in April of 2018, following an upwardly revised 3.6 percent rise in March. It is the lowest rate in four months, mainly due to a sharp fall in the multi-family segment. It compares with market expectations of 1,310 thousand rate.

US retail trade rose by 0.3 percent month-over-month in April 2018, following an upwardly revised 0.8 percent surge in March and matching market expectations.

The University of Michigan's consumer sentiment for the US was steady at 98.8 in May of 2018, the same as in April and slightly above market expectations of 98.5. Preliminary figures pointed to a small uptick in near term inflation, a fall in income expectations, and stabilization of the unemployment rate at decade lows.

The US government budget surplus increased to USD 214.25 billion in April of 2018 from USD 182.43 billion in the same month of the previous year. It is the biggest surplus ever for an April month. Figures came better than market expectations of a USD 193.8 billion surplus amid a rise in individual income tax receipts. Also, April 2018 had an additional day of collections. In addition, outlays for Military active duty and retirement, Veterans’ benefits, Supplemental Security Income, and Medicare payments and prescription drug plans accelerated into March, because April 1, 2018, the normal payment date, fell on a non-business day.

Annual inflation rate in the United States edged up to 2.5 percent in April of 2018 from 2.4 in March, matching market expectations. It is the highest rate since February of 2017 amid rises in gasoline, fuel and shelter cost.

The number of Americans filing for unemployment benefits stood at 211 thousand in the week ending May 5, keeping initial claims near more than a 48-year low and missing market expectations of 218 thousand.

The US unemployment rate fell to 3.9 percent in April 2018 from 4.1 percent in the previous month, and below market expectations of 4 percent. It was the lowest rate since December 2000, as 236 thousand people exited the labor force. The number of unemployed decreased by 239 thousand to 6.35 million and employment was almost unchanged at 155.18 million.

Non farm payrolls in the United States increased by 164 thousand in April of 2018, following an upwardly revised 135 thousand in March and well below market expectations of 192 thousand. Job gains occurred in professional and business services, manufacturing, health care, and mining.

The ISM Non-Manufacturing PMI index for the United States fell to 56.8 in April of 2018 from 58.8 in March, well below market expectations of 58.1. The reading pointed to the lowest expansion in the non-manufacturing sector in four months amid a slowdown in production and employment and uncertainty about tariffs and the effect on the cost of goods. However, firms remain positive about business conditions and the economy.

The US trade deficit narrowed to USD 49 billion in March of 2018 from a slightly upwardly revised USD 57.7 billion in the previous month which was the highest since October 2008. Figures came better than market expectations of a USD 50 billion gap as exports reached a record high boosted by sales of commercial aircraft and soybeans. Also, imports fell as payments for the rights to broadcast the 2018 Winter Olympic Games faded.

The number of Americans filing for unemployment benefits rose by 2 thousand to 211 thousand in the week ending April 28, from the previous week's unrevised level of 209 thousand and missing market expectations of 225 thousand.

The Federal Reserve left its target range for the federal funds rate steady at 1.5-1.75 percent during its May 2018 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen, economic activity has been rising at a moderate rate and both inflation and core inflation have moved close to 2%, suggesting a June rate hike is on the table.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 57.3 in April 2018 from the previous month's 59.3, and missing market expectations of 58.3. The reading pointed to the weakest pace of expansion in the manufacturing sector since last July, as new orders, production and employment rose at softer rates.

The IHS Markit US Manufacturing PMI stood at 56.5 in April 2018, unchanged from the preliminary estimate and above March's final 55.6. The reading pointed to the strongest pace of expansion in the manufacturing sector since September 2014, supported by quicker rates of output and new order growth and a greater deterioration in vendor performance.

Personal spending in the United States increased 0.4 percent month-over-month in March of 2018 after being flat in the previous month. It matched market expectations amid a recovery in consumption of durable goods. When adjusted for inflation, consumer spending also increased 0.4 percent.

The University of Michigan's consumer sentiment for the US was revised higher to 98.8 in April of 2018 from 97.8 in the preliminary estimate as expectations fell less than initially estimated. It compares with 101.4 in March which was the highest reading since January 2004. The final April figure was close to the 2018 average of 98.9 which was higher than any other yearly average since 107.6 in 2000.

The US economy expanded an annualized 2.3 percent on quarter in the first quarter of 2018, below 2.9 percent in the previous period but beating market expectations of 2 percent. Still, it is the lowest growth rate in a year, the advance estimate showed. Personal consumption eased amid lower spending on cars, clothing and footwear and residential investment stalled.

New orders for US manufactured durable goods rose 2.6 percent month-over-month in March 2018, following an upwardly revised 3.5 percent surge in February and easily beating market expectations of a 0.5 percent gain. This increase was mainly driven by higher demand for transportation equipment. However, orders for non-defense capital goods excluding aircraft, a proxy for business spending plans, edged down 0.1 percent, the third decline in four months.

The number of Americans filing for unemployment benefits decreased by 24 thousand to 209 thousand in the week ended April 21st from the previous week's upwardly revised 233 thousand. This is the lowest level for initial claims since December 6, 1969 when it was 202 thousand. Figures came well below market expectations of 230 thousand. However, the Easter holiday, school spring break and the return of educational service workers is likely to have influenced the general figure.

Sales of new single-family houses in the United States rose 4 percent from the previous month to a seasonally adjusted annual rate of 694 thousand in March 2018, easily beating market consensus of 625 thousand.

The IHS Markit Manufacturing PMI rose to 56.5 in April of 2018 from 55.6 in March, beating market expectations of 55. The reading pointed to the fastest expansion in the manufacturing sector since September of 2014 amid marked growth in output and new orders while vendor performance deteriorated at a faster pace.

The number of Americans filing for unemployment benefits fell by 1 thousand to 232 thousand in the week ended April 14th 2018, slightly above market expectations of 230 thousand. It follows an unrevised 233 thousand in the previous week. Claims for new unemployment benefits has never been so low for so long. Initial jobless claims have now held below 300,000 for 163 consecutive weeks, the longest streak for weekly records dating back to 1967.

US industrial production increased by 0.5 percent month-over-month in March 2018, following a downwardly revised 1 percent advance in February and beating market expectations of a 0.4 percent gain. Manufacturing and mining growth eased from the previous month, while utilities output rebounded sharply after being suppressed in February by warmer-than-normal temperatures.

Housing starts in the US rose 1.9 percent month-over-month to an annualized rate of 1,319 thousand in March of 2018, following a downwardly revised 3.3 percent drop in February. It compares with market expectations of a 1,260 thousand rate. Starts of multi-family housings rebounded while the number of single-family starts was the lowest in three months.

US retail trade rose by 0.6 percent month-over-month in March 2018, recovering from a 0.1 percent drop in February and beating market expectations of a 0.4 percent gain. It was the first month of increase since November, mainly boosted by purchases of motor vehicles. Considering the first quarter of the year, retail sales went up 0.2 percent.

The University of Michigan's consumer sentiment for the US fell to 97.8 in April of 2018 from 101.4 in March and below market expectations of 100.5. Both current and future conditions subindexes declined, mainly due to concerns about the potential impact of President Trump's trade policies on the domestic economy, preliminary estimates showed.

The number of Americans filing for unemployment benefits fell by 9 thousand to 233 thousand in the week ended April 7th 2018, slightly above market expectations of 230 thousand. It follows an unrevised 242 thousand in the previous period which was the highest reading since the first week of January.

The outlook for the economy strengthened and inflation is expected to move up in coming months, minutes from the last FOMC meeting showed. Almost all officials agreed that a gradual tightening remains appropriate while some participants see a slightly steeper path of rate hikes. The Federal Reserve also mentioned the prospect of retaliatory trade actions by other countries as well as other issues and uncertainties associated with trade policies as downside risks for the economy.

The US government budget deficit increased to USD 209 billion in March of 2018 from USD 176 billion in the same month of the previous year. It was the biggest gap on record for a March month. Figures came worse than market expectations of a USD 194 billion gap, as receipts declined 2.7 percent to USD 211 billion while outlays rose 6.8 percent to USD 420 billion.

Consumer prices in the United States increased 2.4 percent year-on-year in March of 2018, above 2.2 percent in February and matching market expectations. It is the highest inflation rate in a year, mainly boosted by shelter and used car prices. On a monthly basis, prices fell 0.1 percent after a 0.2 percent rise and compared with forecasts of a flat reading. Gasoline prices went down 4.9 percent, the largest drop since May 2017.

The US unemployment rate stood at a 17-year low of 4.1 percent for the sixth consecutive month in March 2018, slightly above market expectations of 4 percent. The number of unemployed decreased by 121 thousand to 6.59 million and employment fell 37 thousand to 155.18 million.

Non farm payrolls in the United States increased by 103 thousand in March of 2018, following an upwardly revised 326 thousand in February. It is the lowest reading since September and well below market expectations of 193 thousand. Employment grew in manufacturing, health care, and mining but fell in construction and retail sectors.

The US trade deficit widened to USD 57.6 billion in February 2018 from an upwardly revised USD 56.7 billion in the previous month and above market expectations of USD 56.9 billion. It is the biggest trade gap since October 2008 as both exports and imports reached a record high.

The number of Americans filing for unemployment benefits rose by 24 thousand to 242 thousand in the week ended March 31st 2018, from the previous week's upwardly revised 218 thousand. Figures came well above market expectations of 225 thousand. It was the highest level since the week ended January 6th.

The ISM Non-Manufacturing PMI index for the United States fell to 58.8 in March of 2018 from 59.5 in February and compared to market forecasts of 59. A slowdown was mainly seen in new orders and production and price pressures intensified. On the other hand, employment went up faster and the majority of respondents remained positive about business conditions.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 59.3 in March 2018 from the previous month's near 14-year high of 60.8, and missing market expectations of 60.1.

The IHS Markit US Manufacturing PMI came in at 55.6 in March 2018, little-changed from a preliminary estimate of 55.7 and above February's 55.3. Still, the reading pointed to the strongest pace of expansion in the manufacturing sector since March 2015, as output and new orders continued to grow markedly and business confidence hit the highest level since February 2015.

The University of Michigan's consumer sentiment for the US was revised down to 101.4 in March of 2018 from an initial estimate of 102. Still, the reading was higher than 99.7 in February and was the strongest since January 2004. The revision was due to uncertainty about the impact of the proposed trade tariffs.

Personal consumption expenditures in the US increased 0.2 percent month-over-month in February of 2018, the same as in January and in line with market expectations. Spending on durables rebounded while consumption of nondurables declined.

The US economy expanded an annualized 2.9 percent on quarter in the last three months of 2017, higher than 2.5 percent in the second estimate and beating market expectations of 2.7 percent. Personal consumption expenditures and private inventory investment were revised up.

Sales of new single-family houses in the United States shrank 0.6 percent month-over-month to a seasonally adjusted annual rate of 618 thousand in February of 2018 from an upwardly revised 622 thousand in January. It is the lowest reading in four months and compares with market forecasts of a 4.4 percent rise to 623 thousand. Sales fell in the West and the Midwest.

New orders for US manufactured durable goods rose 3.1 percent month-over-month in February 2018, rebounding from a downwardly revised 3.5 percent drop in January and beating market expectations of a 1.5 percent gain. It was the steepest increase in new orders since last June, as demand for transportation equipment soared 7.1 percent.

The IHS Markit Manufacturing PMI for the US edged up to 55.7 in March of 2018 from 55.3 in February, beating market expectations of 55.5. The reading pointed to the fastest expansion in the manufacturing sector in 3 years, preliminary estimates showed. Stronger contributions came from employment, inventories and suppliers’ delivery times.

The number of Americans filing for unemployment benefits edged up to 229,000 in the week ended March 17th 2018, from an unrevised 226,000 in the previous week. Figures came slightly above market expectations of 225,000.

The Federal Reserve raised the target range for the federal funds rate by a quarter point to 1.5-1.75 percent during its March 2018 meeting, in line with market expectations, saying the economic outlook has strengthened in recent months. Also, the Fed raised its growth forecasts for 2018 and 2019 and projections pointed to an extra rate increase in 2019.

The University of Michigan's consumer sentiment for the US jumped to 102 in March from 99.7 in February, beating expectations of 99.3. It is the strongest reading since January 2004 as the assessment of current economic conditions reached a record high.

US industrial production increased by 1.1 percent month-over-month in February 2018, following an upwardly revised 0.3 percent drop in January and easily beating market expectations of a 0.3 percent gain. Manufacturing production increased the most since October and mining output rebounded sharply, while utilities shrank.

Housing starts in the US fell 7 percent month-over-month to an annualized rate of 1,236 thousand in February of 2018, following an upwardly revised 10.1 percent jump in January. It compares with market expectations of a 1,290 thousand rate. Construction of multi-family housing units was the lowest in five months while single-family projects rose for the second month.

The number of Americans filing for unemployment benefits went down to 226 thousand in the week ended March 10 2018 from a downwardly revised 230 thousand in the previous week, matching market expectations.

US retail trade fell unexpectedly by 0.1 percent month-over-month in February 2018, following a downwardly revised 0.1 drop in January and missing market expectations of a 0.3 percent gain.

Consumer prices in the United States increased 2.2 percent year-on-year in February of 2018, slightly above 2.1 percent in January and in line with market expectations. The monthly rate eased to 0.2 percent from 0.5 percent, also matching forecasts.

The US government budget deficit widened to USD 215 billion in February of 2018 from USD 192 billion in the same month of the previous year, compared to market expectations of USD 216 billion. It is the biggest gap for a February month since 2012 as receipts declined 9.4 percent year-on-year to USD 155.6 billion while outlays increased 1.9 percent to USD 370.9 billion.

The US unemployment rate stood at 4.1 percent in February 2018, unchanged from the previous month's 17-year low and slightly above market expectations of 4 percent. The number of unemployed increased by 22 thousand to 6.71 million.

Non farm payrolls in the United States increased by 313 thousand in February of 2018, following an upwardly revised 239 thousand in January and beating market expectations of 200 thousand. It is the highest increase in payrolls since July of 2016. Employment rose in construction, retail trade, professional and business services, manufacturing, financial activities, and mining.

The number of Americans filing for unemployment benefits went up to 231 thousand in the week ended March 3rd 2018 from 210 thousand in the previous week which was the lowest since December of 1969. It compares with market expectations of 220 thousand.

The US trade deficit widened sharply to USD 56.6 billion in January 2018 from a revised USD 53.9 billion in the previous month and above market expectations of USD 55.1 billion. It was the biggest trade gap since October 2008.

The ISM Non-Manufacturing PMI index for the United States edged down to 59.5 in February of 2018 from an over 12-year high of 59.9 in January, beating market forecasts of 59. A slowdown was seen in employment while production and new orders rose faster; price pressures eased; and the outlook for business conditions and the economy remained positive.

The University of Michigan's consumer sentiment for the United States was revised down to 99.7 in February of 2018 from an initial estimate of 99.9. Still, it was higher than 95.7 in January and market expectations of 99.5. It is the second strongest reading since 2004, with consumers basing their optimism on favorable assessments of jobs, wages, and higher after-tax pay.

The Institute for Supply Management’s Manufacturing PMI in the US jumped to 60.8 in February from 59.1 in January, beating market expectations of 58.7. The reading pointed to the highest expansion in manufacturing since May of 2004 amid stronger business conditions and faster job creation. In contrast, new orders and production eased despite maintaining high levels of expansion.

The IHS Markit US Manufacturing PMI fell to 55.3 in February of 2018 from 55.5 in January and lower than 55.9 in the preliminary estimate. Although the reading pointed to a slower expansion in factory activity and below January’s 34-month high, the overall improvement in operating conditions across the manufacturing sector was one of the strongest recorded since late-2014.

The number of Americans filing for unemployment benefits fell by 10 thousand to 210 thousand in the week ended February 24th 2018, compared to a downwardly revised 220 thousand in the previous week. The figure surprised markets who expected a rise in claims to 226 thousand. It was the lowest level since December of 1969 when it was 202 thousand.

Personal consumption expenditures in the US increased 0.2 percent month-over-month in January of 2018, following a 0.4 percent rise in December, matching market expectations. It is the lowest gain in household consumption in five months as spending on durables contracted and consumption of services eased.

The US economy advanced an annualized 2.5 percent on quarter in the last three months of 2017, below an advance reading of 2.6 percent and 3.2 percent in the previous period. Figures came in line with market expectations. Imports rose more than exports and at the fastest pace since Q3 2010, bringing the net trade contribution to negative. Also, private inventory investment fell more than initially expected. On the other hand, personal spending remained robust and fixed investment growth was revised higher.

The Federal Reserve remains on course for more interest rate hikes despite the stimulus of tax cuts and government spending and market volatility, New Federal Reserve Chairman Jerome Powell said in a prepared remarks released early by the House Financial Service committee. The job market remains robust, consumer spending is solid and wage growth is accelerating, the chairman emphasized.

New orders for US manufactured durable goods slumped 3.7 percent month-over-month in January of 2018, following a downwardly revised 2.6 percent rise in December and much worse than market expectations of a 2 percent drop. It is the biggest decline in six months, mainly due to a 10 percent plunge in orders for transport equipment. Orders for non-defense capital goods excluding aircraft, a proxy for business spending plans, dropped 0.2 percent after declining 0.6 percent in December.

Sales of new single-family houses in the United States shrank 7.8 percent month-over-month to a seasonally adjusted annual rate of 593 thousand in January of 2018 from an upwardly revised 643 thousand in December. It is the lowest reading since August and compares with market forecasts of a 3.8 percent rise to 650 thousand. Sales fell in the Northeast and the South.

The number of Americans filing for unemployment benefits fell by 7 thousand to 222 thousand in the week ended February 17th 2018, below market expectations of 230 thousand. It is the lowest reading in five weeks.

The rate of economic growth in 2018 is expected to exceed the FOMC's estimates and labor market conditions are set to strengthen further over the medium term, raising the likelihood that further gradual policy firming would be appropriate, minutes from the latest Federal Reserve meeting showed.

The IHS Markit US Manufacturing PMI rose to 55.9 in February of 2018 from 55.5 in January and beating market forecasts of 55.4. The reading pointed to the strongest expansion in the manufacturing sector since October of 2014, mainly boosted by new business and employment, preliminary estimates showed.

The University of Michigan's consumer sentiment for the United States increased to 99.9 in February of 2018, above 95.7 in January and better than market expectations of 95.5. It is the second strongest reading since 2004, preliminary estimates showed. Both current economic conditions and future expectations improved despite lower and much more volatile stock prices.

Housing starts in the US jumped 9.7 percent month-over-month to an annualized rate of 1,326 thousand in January of 2018, following a downwardly revised 6.9 percent fall in December and beating market expectations of a 3.4 percent rise. It is the highest rate since October of 2016.

US industrial production fell unexpectedly by 0.1 percent month-over-month in January 2018, following a downwardly revised 0.4 percent increase in December and missing market expectations of a 0.2 percent gain.

The number of Americans filing for unemployment benefits increased by 7 thousand to 230 thousand in the week ended February 10th 2018 from an upwardly revised 223 thousand in the previous week, in line with market expectations. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.

US retail trade fell unexpectedly by 0.3 percent month-over-month in January 2018, after showing no growth in December and below market expectations of a 0.2 percent gain. It was the largest decline in retail trade since February last year.

Consumer prices in the United States increased 2.1 percent year-on-year in January of 2018, the same as in December and above market expectations of 1.9 percent. A slowdown in gasoline and electricity prices was offset by higher cost of food and medical care services. The monthly inflation rate went up to 0.5 percent from 0.2 percent amid broad-based cost increases.

The US budget surplus narrowed to USD 49.0 billion in January 2018 from USD 51.2 billion in the same month of the previous year, and compared to market expectations of USD 51.0 billion.

The number of Americans filing for unemployment benefits dropped by 9 thousand to 221 thousand in the week ended February 3rd 2018, well below market expectations of 232 thousand. It is the lowest value in three weeks. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.

The US recorded a USD 53.1 billion trade deficit in December of 2017, following a downwardly revised 50.4 billion gap in November and compared to market expectations of a USD 52 billion shortfall. It is the highest trade gap since October of 2008 as imports reached a new high mainly due to purchases of consumer goods, pharmaceuticals, cell phones and passenger cars. Exports also touched a fresh record high although rose at a slower pace than imports.

The ISM Non-Manufacturing PMI index for the United States jumped to 59.9 in January of 2018 from an upwardly revised 56 in December, beating market forecasts of 56.5. The reading pointed to the strongest expansion in the services sector since August of 2005 amid rising production, new orders and employment which was the strongest on record.

The University of Michigan's consumer sentiment for the United States was revised sharply higher to 95.7 in January of 2018 from a preliminary of 94.4, beating market expectations of 95. It compares with 95.9 in December. Future expectations increased more than anticipated amid higher confidence in future job security and growth in wages as well as financial assets.

US unemployment rate stood at a 17-year low of 4.1 percent in January 2018, unchanged from the previous month and in line with market consensus. The number of unemployed increased by 108 thousand to 6.68 million.

Non farm payrolls in the United States increased by 200 thousand in January of 2018, following an upwardly revised 160 thousand in December and beating market expectations of 180 thousand. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing.

The Institute for Supply Management’s Manufacturing PMI in the US edged down to 59.1 in January of 2018 from a downwardly revised 59.3 in December, beating market expectations of 58.8. New orders and production maintained high levels of expansion; employment expanded at a slower rate; order backlogs, export orders and imports continued do grow faster. Price increases occurred across all industry sectors.

The IHS Markit US Manufacturing PMI was confirmed at 55.5 in January of 2018, the same as in the preliminary estimate and above 55.1 in December. The reading pointed to the strongest expansion in factory activity since March of 2015 as production and new orders grew the most in twelve months; purchasing activity rose at steepest pace since September of 2014 and input price inflation eased.

The number of Americans filing for unemployment benefits dropped by 1 thousand to 230 thousand in the week ended January 27th, from the previous week's downwardly revised level of 231 and compared with market expectations of 238. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.

The Federal Reserve kept its target range for the federal funds rate unchanged at 1.25-1.5 percent on January 31st 2018 but signaled a rate hike in March is on the table. Policymakers said inflation is seen rising this year and economic conditions are expected to evolve in a manner that will warrant further gradual increases in the federal funds rate.

Personal consumption expenditures in the US increased 0.4 percent month-over-month in December of 2017, following an upwardly revised 0.8 percent rise in November and mainly boosted by spending on motor vehicles and utilities. Still, figures came below market expectations of a 0.5 percent gain. The saving rate dropped to 2.4 percent from 2.5 percent, hitting the lowest level since September 2005.

New orders for US manufactured durable goods jumped 2.9 percent month-over-month in December 2017, following an upwardly revised 1.7 percent rise in November and easily beating market expectations of 0.8 percent. It was the steepest increase in durable goods orders since October 2016, led by transportation equipment (up 7.4 percent).

The US economy expanded an annualized 2.6 percent on quarter in the last quarter of 2017, below 3.2 percent in the previous period and market expectations of 3 percent, the advance estimate from the BEA showed. Consumer spending rose the most in six quarters and residential investment rebounded while inventories weighed down on the growth and a surge in imports brought the net trade contribution to negative. Considering full 2017, the economy expanded 2.3 percent, higher than 1.5 percent in 2016.

Sales of new single-family houses in the United States shrank 9.3 percent month-over-month to a seasonally adjusted annual rate of 625 thousand in December of 2017 from a downwardly revised 689 thousand in November which was the highest reading since October of 2007. Figures came below market forecasts of 676 thousand. Sales fell in all four regions.

The number of Americans filing for unemployment benefits rose by 17 thousand to 233 thousand in the week ended January 20th, from the previous week's 45-year low of 216 thousand and below market expectations of 236 thousand. The claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal.

The IHS Markit Manufacturing PMI for the US rose to 55.5 in January of 2018 from 55.1 in December and slightly above market expectations of 55, preliminary estimates showed. The reading pointed to the strongest expansion in factory activity since March of 2015 amid faster rises in production volumes and incoming new work. Also, export sales expanded the most since August of 2016 and more favourable demand conditions encouraged another robust rise in employment, although the rate of job creation eased slightly from December’s 39-month peak.

The University of Michigan's consumer sentiment for the United States fell to 94.4 in January of 2018 from 95.9 in December and below expectations of 97, according to preliminary figures. It was the lowest reading in six months, as consumers evaluated current economic conditions less favorably amid uncertainties about the delayed impact of the tax reforms.

The number of Americans filing for unemployment benefits decreased by 41 thousand to 220 thousand in the second week of 2018, well below market expectations of 250 thousand. It is the lowest number since February 24th 1973 when it was 218 Thousand.

Housing starts in the United States slumped 8.2 percent month-over-month to an annualized rate of 1,192 thousand in December of 2017, compared to market expectations of a 1.7 percent decline. It is the biggest drop since November of 2016 amid an 11.8 percent fall in single-family units.

US industrial production increased by 0.9 percent month-over-month in December 2017, easily beating market expectations of 0.4 percent and following a downwardly revised 0.1 percent drop in November.

US retail trade increased 0.4 percent month-over-month in December 2017, following an upwardly revised 0.9 percent rise in November and matching market expectations.

Consumer prices in the United States increased 2.1 percent year-on-year in December of 2017, easing from a 2.2 percent rise in November. Figures came below market expectations of 2.2 percent amid a slowdown in gasoline and fuel prices.

The US budget deficit narrowed to USD 23.2 billion in December 2017 from USD 27.3 billion in the same month of the previous year, and compared to market expectations of USD 40.0 billion.

The number of Americans filing for unemployment benefits increased by 9 thousand to 261 thousand in the first week of 2018, well above market expectations of 246 thousand. It is the highest reading since the week ended September 23rd 2017. Harsh winter conditions during the first week of the year likely contributed for a higher reading.

The ISM Non-Manufacturing PMI index for the United States fell to 55.9 in December of 2017 from 57.4 in November and below market expectations of 57.6. The reading pointed to the smallest expansion in the non-manufacturing sector in four months. Production, new orders and inventories eased and price pressures intensified. However, businesses reported optimism for business conditions and the economic outlook going forward.

The trade deficit in the US widened to USD 50.5 billion in November of 2017 from an upwardly revised USD 48.9 billion in October. It is the biggest trade gap since January of 2012 as imports reached a record high on rising demand for consumer goods, cell phones, crude oil and semiconductors. Exports recovered form October's fall and touched a record value on higher sales of capital goods, aircraft and cars.

Non farm payrolls in the US increased by 148K in December of 2017, below market expectations of a 190K. Solid gains were reported in construction, manufacturing and health care while retail trade continued to cut jobs.

US unemployment rate stood at 4.1 percent in December 2017, unchanged from the previous month's 17-year low and in line with market consensus. The number of unemployed declined by 40 thousand to 6.58 million.

The number of Americans filing for unemployment benefits increased by 3 thousand to 250 thousand in the week ended December 30th, from the previous week's revised level of 247 thousand and above market expectations of 240 thousand. It was the highest level in two months.

Fed officials expect the tax legislation to boost growth although the magnitude of the effects remains uncertain, minutes from last FOMC meeting showed. Last month, the Fed raised the target range for the federal funds rate by a quarter point to 1.25-1.5 percent as expected. Most participants reiterated their support for continuing a gradual tightening, noting that this approach helped to balance risks to growth and inflation.

The Institute for Supply Management’s Manufacturing PMI in the US rose to 59.7 in December of 2017 from 58.2 in November, beating market expectations of 58.1. It is the highest reading in three months, boosted by production and new orders while job creation slowed.

The IHS Markit US Manufacturing PMI went up to 55.1 in December of 2017 from 53.9 in November and above a preliminary of 55. The reading pointed to the fastest expansion in factory activity since March of 2015 as high client demand boosted output and new orders and job creation was the strongest since September of 2014.

The number of Americans filing for unemployment benefits was unchanged at 245 thousand in the week ended December 23rd 2017, the same as in the previous period and slightly above market expectations of 240 thousand. It remains the highest number since the week ended November 11th. Claims taking procedures continue to be disrupted in the Virgin Islands and in Puerto Rico, claims have still not returned to normal.

The University of Michigan's consumer sentiment for the United States fell to 95.9 in December of 2017 from 98.5 in November and below the preliminary estimate of 96.8. It was the lowest reading in three months, mainly due to a decline in consumer expectations.

Sales of new single-family houses in the United States jumped 17.5 percent to a seasonally adjusted annual rate of 733 thousand in November of 2017 from a downwardly revised 624 thousand in October and beating market forecasts of 654 thousand. Sales rose in all four regions.

Personal consumption expenditures in the US jumped 0.6 percent month-over-month in November of 2017, following a downwardly revised 0.2 percent increase in October. Figures came above market expectations of a 0.5 percent gain, mainly boosted by consumption of recreational goods and utilities.

New orders for US manufactured durable goods grew 1.3 percent month-over-month in November pf 2017, following an upwardly revised 0.4 percent decline in October and below market expectations of a 2 percent gain.

The number of Americans filing for unemployment benefits increased by 20 thousand to 245 thousand in the week ended December 16th, from the previous week's unrevised level of 225 thousand, more than market market expectations of 239 thousand. It was the biggest number in 5 weeks.

The US economy expanded an annualized 3.2 percent on quarter in the third quarter of 2017, slightly below a second estimate of 3.3 percent and lower than market expectations of 3.3 percent, the final reading from the BEA showed. Still, it is the highest growth rate since the first quarter of 2015. The contribution from both personal consumption and net trade was lower than initially expected while spending from government was revised much higher.

Housing starts in the United States went up 3.3 percent month-over-month to an annualized rate of 1,297 thousand in November of 2017, the highest since October of 2016 and beating market expectations of a 3.2 percent fall to 1,230 thousand. It follows a downwardly revised 1,256 thousand in October.

US industrial output went up 0.2 percent month-over-month in November of 2017, following an upwardly revised 1.2 percent rise in October which was the highest since May of 2010. Figures came slightly below market expectations of a 0.3 percent gain. Manufacturing production recorded its third consecutive monthly gain and oil and gas extraction returned to normal levels after being held down in October by Hurricane Nate. Excluding the post-hurricane rebound in oil and gas extraction, total industrial production would have been unchanged in November.

The IHS Manrkit US Manufacturing PMI increased to 55 in December of 2017 from 53.9 in November and beating market expectations. The reading pointed to the fastest expansion in manufacturing since January amid sharper increases in production, new orders and employment.

Retail sales in the United States increased 0.8 percent month-over-month in November of 2017, following an upwardly revised 0.5 percent rise in October and beating market expectations of 0.3 percent. November was the month of the holiday shopping season, with sales rising for most categories except autos and at general merchandise stores.

The number of Americans filing for unemployment benefits decreased by 11 thousand to 225 thousand in the week ended December 9th, from the previous week's unrevised level of 236 thousand and below market expectations of 239 thousand. It is the fourth straight week of declines in initial claims, bringing it to the lowest since the week ended October 14th. Claims taking procedures continue to be disrupted in the Virgin Islands and those in Puerto Rico still have not returned to normal.

The Federal Reserve raised the target range for the federal funds rate by a quarter point to 1.25-1.5 percent during its December 2017 meeting, saying that the labor market has continued to strengthen and that economic activity has been rising at a solid rate. The central bank has forecast three rate hikes in 2018.

US consumer price inflation increased to 2.2 percent year-on-year in November 2017 from 2 percent in the previous month, as widely expected. Energy prices rose at a faster pace while apparel and vehicle costs fell. The Fed is expected to raise interest rates later in the day despite a split among policymakers on the outlook for inflation.

The US budget deficit increased to USD 138.5 billion in November 2017 from USD 136.7 billion in the same month of the previous year, above market expectations of USD 134 billion. Both outlays and receipts were the highest on record for a November month.

The University of Michigan's consumer sentiment for the United States fell to 96.8 in December of 2017 from 98.5 in November, well below market expectations of 99, preliminary estimates showed. It is the lowest reading in three months as consumer expectations fell and inflation expectations went up.

The US unemployment rate held at 4.1 percent in November of 2017, the same as in October and in line with market expectations. It is the lowest jobless rate since February of 2001. The number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively.

Non farm payrolls in the United States increased by 228 thousand in November of 2017, following a downwardly revised 244 thousand in October and beating market expectations of 200 thousand. Employment continued to trend up in professional and business services, manufacturing, and health care. Employment growth has averaged 174,000 per month thus far this year, compared with an average monthly gain of 187,000 in 2016.

The number of Americans filing for unemployment benefits decreased by 2 thousand to 236 thousand in the week ended December 2nd, below market expectations of 240 thousand. It is the third straight week of declines in initial claims, bringing it to the lowest since the last week of October. Claims taking procedures continue to be disrupted in the Virgin Islands and those in Puerto Rico still have not returned to normal.

The ISM Non-Manufacturing PMI index for the United States fell to 57.4 in November of 2017 from 60.1 in October which was the highest reading since August of 2005. Figures came below market expectations of 59. Still, the reading pointed to a strong rise in the non-manufacturing sector and expectations are for continued growth for the remainder of the year.

The US trade deficit widened to USD 48.7 billion in October of 2017 from an upwardly revised USD 44.9 billion gap in September and above market expectations of USD 47.5 billion. It is the highest trade shortfall in nine months as imports jumped 1.6 percent to a record high boosted by purchases of crude oil, food, cellphones and other goods while exports were flat.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.2 in November of 2017 from 58.7 in October and below market expectations of 58.4. The reading pointed to the second consecutive month of slowing growth in factory activity after reaching a 13-year high of 60.8 in September. Employment and export orders eased and inventories contracted more.

The IHS Markit US Manufacturing PMI was revised marginally higher to 53.9 in November of 2017 from a preliminary reading of 53.8 but remained below 54.6 in October. Output, new orders, employment all rose at a softer pace while signs of capacity pressures persisted, with backlogs of work increasing again. In addition, cost pressures intensified with output inflation reaching the highest since December of 2013. On the other hand, business confidence was the strongest since January of 2016.

Personal consumption expenditures in the US rose 0.3 percent month-over-month in October 2017, easing from a downwardly revised 0.9 percent increase in September and matching market expectations. The so-called real consumer spending edged up 0.1 percent in October after increasing 0.5 percent in September.

The number of Americans filing for unemployment benefits decreased by 2 thousand to 238 thousand in the week ended November 25th from the previous week's revised level of 240 thousand and below market expectations of 240 thousand. It is the second straight week of declines in initial claims. Claims taking procedures continue to be disrupted in the Virgin Islands.

The US economy expanded an annualized 3.3 percent on quarter in the third quarter of 2017, above an advance reading of 3 percent and higher than market expectations of 3.2 percent, the second estimate from the BEA showed. It is the highest growth rate since the third quarter of 2014 when the economy advanced 5.2 percent as nonresidential fixed investment, private inventory investment and government spending were revised up.

The IHS Markit US Manufacturing PMI fell to 53.8 in November of 2017 from a nine-month high of 54.6 in October and below market expectations of 54.8. Stocks of finished goods declined for the first time since March amid capacity pressures and cost inflation was one of the highest in five years due to rising raw material costs and strong demand for inputs, flash figures showed.

The Federal Reserve said the US labor market had continued to strengthen and economic activity had been rising solidly despite hurricane-related disruptions. Several policymakers still consider appropriate to raise the federal funds rate in the near term if the economy stays on track despite concerns regarding persistently low inflation.

The University of Michigan's consumer sentiment for the United States was revised up to 98.5 in November of 2017 from a preliminary of 97.8. Still, it was lower than 100.7 in October which was the strongest since January 2004. Expected economic conditions deteriorated compared to the previous month although less than initially estimated.

New orders for US manufactured durable goods shrank 1.2 percent month-over-month in October of 2017, following a 2.2 percent increase in September and compared to market expectations of a 0.3 percent gain. Orders for transport equipment slumped 4.3 percent and those for nondefense aircraft and parts went down 18.6 percent, after jumping 4.4 percent and 33.9 percent respectively in September due to a rise in Boeing aircraft orders. Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans went down 0.5 percent, the biggest drop since September of 2016 and following an upwardly revised 2.1 percent gain in the previous month.

The number of Americans filing for unemployment benefits decreased by 13 thousand to 239 thousand in the week ended November 18th from the previous week's revised level of 252 thousand and below market expectations of 240 thousand.

Housing starts in the United States jumped 13.7 percent month-over-month to an annualized rate of 1,290 thousand in October of 2017, the highest in a year and beating market expectations of a 5.6 percent rise to 1,180 thousand. It follows an upwardly revised 1,135 thousand in September, which was the lowest reading since September of 2016, mainly due to disruptions caused by Hurricanes Harvey and Irma in the South.

Industrial production in the United States increased 0.9 percent month-over-month in October of 2017, following an upwardly revised 0.4 percent rise in September and beating market expectations of 0.5 percent. It is the biggest gain in industrial output since April, amid a return to normal operations after Hurricanes Harvey and Irma suppressed production in August and September. Manufacturing and utilities increased while mining fell, as Hurricane Nate caused a sharp but short-lived decline in oil and gas drilling and extraction. Excluding the effects of the hurricanes, the index for total output advanced about 0.3 percent.

The number of Americans filing for unemployment benefits increased by 10 thousand to 249 thousand in the week ended November 11th from the previous week's unrevised level of 239 thousand and above market expectations of 235 thousand. It is the biggest number in six weeks.

Retail sales in the US rose 0.2 percent month over month in October. The reading came above market expectations of no change after purchases surged 1.9 percent in September as people replaced vehicles and items destroyed by hurricanes.

Consumer prices in the United States rose 2 percent year-on-year in October of 2017, below 2.2 percent in September and in line with market expectations. Cost eased for gasoline and fuel oil after hurricane-related production disruptions at oil refineries in the Gulf Coast area gave a boost to energy prices during September and August. Yet, core inflation rose to 1.8 percent, the highest in six months amid rising prices for food, transportation services and medical care.

Retail sales in the United States rose 0.2 percent month-over-month in October of 2017, slightly below market expectations of no growth but following a upwardly revised 1.9 percent growth in September. 9 of 13 major retail categories showed month-over-month increases.

The United States government budget deficit widened to USD 63.2 billion in October 2017 from USD 45.8 billion in the same month of the previous year, and slightly above market expectations of USD 62.0 billion. 

The University of Michigan's consumer sentiment for the United States fell to 97.8 in November of 2017 from 100.7 in the previous month which was the strongest since January 2004, preliminary estimates showed. The reading came below expectations of 100.7, as current and expected economic conditions deteriorated and consumers expect the inflation to rise in the next year.

The number of Americans filing for unemployment benefits increased by 10 thousand to 239 thousand in the week ended November 4th from the previous week's unrevised level of 229 thousand and above market expectations of 231 thousand.

The ISM Non-Manufacturing PMI index for the United States increased to 60.1 in October of 2017 from 59.8 in September, beating market expectations of 58.5. It is a new high reading since August of 2005, as production, employment and inventories continued to rise and the outlook for business conditions remained positive. It is the 4th time in the whole series the number is above 60.

The trade deficit in the United States widened to USD 43.5 billion in September 2017 from an upwardly revised USD 42.8 billion in August and compared to market expectations of a USD 43.2 billion gap. Exports rose 1.1 percent to the highest since December of 2014 while imports increased at a slightly faster 1.2 percent.

US unemployment rate edged down by 0.1 percentage point to 4.1 percent in October, and the number of unemployed persons decreased by 281,000 to 6.5 million. Since January, the unemployment rate has declined by 0.7 percentage point, and the number of unemployed persons has decreased by 1.1 million. It is the lowest unemployment rate since February 2001.

Non farm payrolls in the United States increased by 261 thousand in October of 2017, compared with market expectations of a 310 thousand rise. Employment in food services and drinking places increased sharply over the month, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. In October, employment also increased in professional and business services, manufacturing, and health care. The September figure was revised up to an 18 thousand rise, compared to an initial estimate of a 33 thousand decline.

The number of Americans filing for unemployment benefits decreased by 5 thousand to 229 thousand in the week ended October 28th, below market expectations of 235 thousand. The previous week's level was revised up by 1 thousand to 234 thousand. Claims taking procedures continued to be severely disrupted in the Virgin Islands while backlogged claims are now being processed in Puerto Rico.

The Federal Reserve left the target range for its federal funds rate unchanged at 1 percent to 1.25 percent during its November 2017 meeting as widely expected. Policymakers said the labor market has continued to strengthen and economic activity has been rising at a solid rate despite hurricane-related disruptions, suggesting the December rate hike is still on the table.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 58.7 in October of 2017 from a 13-year high of 60.8 in September. Figures came below market expectations of 59.5 as most subindexes slowed and inventories came back to contraction.

The IHS Markit US Manufacturing PMI was revised slightly higher to 54.6 in October of 2017 from a preliminary of 54.5 and 53.1 in September. It is the highest reading since January due to a stronger growth in output and new orders. Also, export sales rose the most since August of 2016 and job creation was the strongest in 28 months.

Personal spending in the US jumped 1 percent month-over-month in September of 2017, after edging up 0.1 percent in August and beating market expectations of a 0.8 percent rise. It is the biggest gain in personal consumption since August of 2009, mainly boosted by auto sales and utilities as households recover from the damages caused by Hurricanes Harvey and Irma.

The University of Michigan's consumer sentiment for the United States was revised down to 100.7 in October of 2017 from 101.1 in the preliminary estimate and lower than market expectations of 100.9. Yet, it is still the strongest number since January 2004 amid more favorable consumers' assessments of current economic conditions as well as expected economic prospects.

The US economy expanded an annualized 3 percent on quarter in the third quarter of 2017, only slightly below 3.1 percent in the previous three months, which was the fastest pace since Q1 2015, the advance estimate showed. Figures beat expectations of 2.5 percent, despite the disruptions caused by hurricanes Harvey and Irma. Inventories rose sharply and trade made the biggest contribution to growth in nearly four years amid a fall in imports. It helped to offset a slowdown in consumer spending and fixed investment and a drop in construction.

The number of Americans filing for unemployment benefits increased by 10 thousand to 233 thousand in the week ended October 21st, slightly below market expectations of 235 thousand. The previous week's level was revised up by 1 thousand to 223 thousand. Yet, claims taking procedures continue to be severely disrupted in Puerto Rico and the Virgin Islands as a result of power outages and infrastructure damage caused by Hurricanes Irma and Maria.

Sales of new single-family houses in the United States jumped 18.9 percent to a seasonally adjusted annual rate of 667 thousand in September of 2017, beating market expectations of a 0.9 percent decline. It is the highest value since October of 2007 and the largest percentage gain since January of 1992. Sales rose in all four regions with those in the South surging 25.8 percent after a 1 percent fall in August which was partly the result of Hurricanes Harvey and Irma.

New orders for US manufactured durable goods rose 2.2 percent month-over-month in September of 2017, following an upwardly revised 2 percent increase in August and well above market expectations of a 1 percent gain. Orders for transport equipment went up 5.1 percent and those for nondefense aircraft and parts jumped 31.5 percent, mainly due to a rise in Boeing aircraft orders. Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans increased 1.3 percent, following an upwardly revised 1.3 percent gain in the previous month.

The IHS Markit US Manufacturing PMI rose to 54.5 in October of 2017 from 53.1 in September, beating market expectations of 53.5. The reading pointed to the biggest expansion in factory activity since January as production and new orders rose faster and job creation was the strongest since June of 2015, flash estimates showed.

The US budget surplus narrowed sharply to USD 8.0 billion in September 2017 from USD 33.4 billion in the same month of the previous year, but above market expectations of USD 6.0 billion.

Initial Jobless Claims in the United States decreased by 22 thousand to 222 thousand in the week ending October 14th. This is the lowest level for initial claims since March 31, 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs.

Housing starts in the United States fell sharply by 4.7 percent from the previous month to a seasonally adjusted annualized rate of 1,127 thousand in September 2017 from an upwardly revised 1,183 thousand in August, compared with market expectations of a 0.5 percent decline to 1,180 thousand. It was the lowest level since September 2016.

US industrial production increased by 0.3 percent month-over-month in September 2017, as widely expected, following a downwardly revised 0.7 percent drop in August. Output rebounded for manufacturing, utilities and mining, as the effects of Hurricanes Harvey and Irma began to fade.

The University of Michigan's consumer sentiment for the United States rose to 101.1 in October 2017 from 95.1 in September, way above market expectations of 95. It was the highest level since January 2004.

US consumer prices increased 2.2 percent year-on-year in September 2017, missing market expectations of 2.3 percent and following a 1.9 percent gain in the previous month. Still it was the highest inflation rate since April, as hurricane-related production disruptions at oil refineries in the Gulf Coast area boosted energy prices.

Retail sales in the US rose 1.6 percent month-over-month in September of 2017, slightly below market expectations of a 1.7 percent but following a revised 0.1 percent fall in August. It is the biggest gain since March 2015 as motor vehicles sales recovered after hurricanes and higher prices boosted receipts at gasoline stations

Initial Jobless Claims in the United States decreased by 15 thousand to 243 thousand in the week ending October 7th returning to levels seen before hurricanes Harvey and Irma affected Texas, Florida and Georgia. Economists had expected jobless claims to go down to 251 thousand and data for the prior week was revised to show 2 thousand fewer applications received than previously reported.

Several Fed policymakers thought that another increase in the target range later this year was likely to be warranted if the medium-term outlook remained broadly unchanged, despite worries about the risk of stubbornly low inflation, minutes from last FOMC meeting showed.

Non farm payrolls in the United States fell by 33 thousand in September of 2017, following an upwardly revised 169 thousand rise in August and well below market expectations of a 90 thousand gain. It is the first drop in payrolls since September of 2010 as employment declined sharply in food services and drinking places and grew below-trend growth in some other industries likely reflecting the impact from Hurricanes Irma and Harvey.

US unemployment rate unexpectedly fell to 4.2 percent in September 2017 from 4.4 percent in the previous month and below market consensus of 4.4 percent. It was the lowest jobless rate since February 2001, as the number of unemployed persons declined by 331 thousand to 6.8 million. Meanwhile, the labor force participation rate rose by 0.2 percentage points to 63.1 percent, its highest level since March 2014.

The trade deficit in the United States narrowed to USD 42.4 billion in August 2017 from a revised USD 43.6 billion in July and below market expectations of a USD 42.7 billion gap. Exports grew 0.4 percent to the highest level in more than 2-1/2 years while imports fell 0.1 percent.

Initial Jobless Claims in the United States decreased by 12 thousand to 260 thousand in the week ending September 30th. Economists had expected jobless claims to go down to 265 thousand. Still, the claims remained above 260K for the fifth consecutive week as Hurricanes Irma, Harvey and Maria had disrupted the labor market in Florida, Georgia, Texas, Puerto Rico and Virgin islands.

The ISM Non-Manufacturing PMI index for the United States jumped to 59.8 in September of 2017 from 55.3 in August, beating market expectations of 55.5. It is the highest reading since August of 2005, mainly boosted by a rise in production and new orders, despite the impact on the supply chain from the hurricanes.

The Institute for Supply Management’s Manufacturing PMI in the US rose to 60.8 in September of 2017 from 58.8 in August, beating market expectations of 58. It is the highest reading since May of 2004, boosted by a rise in new orders, production and employment.

The seasonally adjusted IHS Markit final US Manufacturing PMI came in at 53.1 in September 2017, up slightly from the flash reading of 53 and compared with 52.8 in August. Employment expanded at the fastest pace since December 2016 and production continued to rise while new order growth softened.

The University of Michigan's consumer sentiment for the United States fell to 95.1 in September of 2017 from 96.8 in August. It was also lower than a preliminary reading of 95.3. Future expectations and current financial conditions of households declined mainly due to the impact of hurricanes.

Personal spending in the US edged up 0.1 percent month-over-month in August of 2017, following a 0.3 percent rise in July and in line with market expectations. Spending on durable goods declined 1.1 percent, reversing a 1.1 percent gain in July, as Hurricane Harvey impacted auto sales and mild temperatures dropped demand for utilities. Personal income increased 0.2 percent, also lower than a 0.3 percent gain in July but in line with forecasts. Hurricane Harvey weighed on the data although the BEA couldn't separately quantify the total impact.

The number of Americans filing for unemployment benefits increased by 12 thousand to 272 thousand in the week ended September 23rd, slightly above market expectations of 270 thousand. The previous week's level was revised up by 1 Thousand to 260 Thousand. The claims remained above 260K for the fourth consecutive week as Hurricanes Irma and Harvey had disrupted the labor market in Florida, Georgia and Texas.

The US economy expanded an annualized 3.1 percent on quarter in the second quarter of 2017, above a second estimate of 3 percent and beating market expectations of 3 percent. It is the strongest growth rate since the first three months of 2015, the final estimate from the BEA showed. Private inventory investment increased more than previously estimated, but the general picture of economic growth remains the same.

New orders for US manufactured durable goods rose 1.7 percent month-over-month in August of 2017, following a 6.8 percent slump in July and beating market expectations of a 1 percent gain. Orders for transport equipment went up 4.9 percent, with those for motor vehicles and parts rising 1.5 percent and those for nondefense aircraft and parts jumping 44.8 percent, mainly due to a rise in Boeing aircraft orders. Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans increased 0.9 percent, following an upwardly revised 1.1 percent increase in the previous month.

Inflation uncertainty supports gradual hikes in the federal funds rate, Fed Chair Yellen said in a speech at the NABE meeting, suggesting another rate hike this year is still on the table. Chair Yellen also added that the outlook is uncertain and some key assumptions underlying employment and inflation could be wrong. Thus, a revised assessment could lead to an easier policy path.

Sales of new single-family houses in the United States shrank 3.4 percent to a seasonally adjusted annual rate of 560 thousand in August of 2017 from an upwardly revised 580 thousand in July. It is a new low so far this year, well below market expectations of 588 thousand. Sales fell the most in the South, partly due to Hurricanes Harvey and Irma.

The IHS Markit US Manufacturing PMI edged up to 53 in September from 52.8 in August, matching expectations, flash estimates showed. Job creation was the strongest so far this year while output growth was steady at August's 14-month low, new orders slowed and input price inflation accelerated.

Initial jobless claims in the US unexpectedly fell by 23K to 259K in latest week, well below expectations of 300K. The numbers continued to be influenced by Hurricanes as unadjusted claims rose in Florida but declined in Texas. Meanwhile, the 4-week moving average increased by 6K to 268.750K, the highest since June of 2016.

The Federal Reserve left the target range for its federal funds rate unchanged at 1 percent to 1.25 percent during its September 2017 meeting as widely expected. Policymakers kept forecasts for another rate hike this year and expect a higher GDP growth while core PCE inflation is seen lower. In addition, the central bank announced it will begin reducing its $4.5 trillion balance sheet in October.

Housing starts in the United States fell 0.8 percent from the previous month to a seasonally adjusted annualized rate of 1180 thousand in August of 2017, following an upwardly revised 1190 thousand in the previous month and compared to market expectations of a 1.7 percent rise. Starts declined in the Northeast and the South.

The University of Michigan's consumer sentiment for the United States fell to 95.3 in September of 2017 from 96.8 in August but slightly above market expectations of 95.1. It is the lowest reading in three months, as hurricanes Irma and Harvey heavy impacted gauge if consumer expectations.

Industrial output in the US shrank 0.9 percent month-over-month in August of 2017, following an upwardly revised 0.4 percent gain in July and missing market expectations of a 0.1 percent increase. It is the first drop in industrial output since January and the biggest since May 2009 as Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point.

Retail sales in the United States fell 0.2 percent month-over-month in August of 2017, missing market expectations of a 0.1 percent rise and following a downwardly revised 0.3 percent gain in July instead of the initially reported 0.6 percent jump. It is the biggest drop in retail sales since February as auto sales declined 1.6 percent, most likely due to Hurricane Harvey. Excluding autos, retail sales increased 0.2 percent.

The number of Americans filing for unemployment benefits unexpectedly fell by 14 thousand to 284 thousand in the week ended September 9th, well below market expectations of 300 thousand.

Consumer prices in the US increased 1.9 percent year-on-year in August of 2017, above 1.7 percent in July and market expectations of 1.8 percent. It is the highest reading in three months, due to rising shelter and gasoline cost as Hurricane Harvey shut down refineries in the Gulf coast. The monthly rate went up to 0.4 percent, the highest since January and above forecasts of 0.3 percent.

The US government posted a USD 108 billion budget deficit in August 2017, compared with a USD 107 billion gap in the same month of the previous year and below market expectations of a USD 119.5 billion deficit.

The number of Americans filing for unemployment benefits increased by 62 thousand to 298 thousand in the week ended September 2nd, well above market expectations of 241 thousand. It is the highest value since the week ended April 18th 2015, due to the impact of Hurricane Harvey.

The ISM Non-Manufacturing PMI index for the United States went up to 55.3 in August of 2017 from 53.9 in July, compared to market expectations of 55.4. Improvements were seen in production, new orders and employment while inventories slowed and price pressures increased. The majority of services providers are optimistic about business conditions going forward.

The trade deficit in the United States widened slightly to USD 43.7 billion in July of 2017, following a downwardly revised USD 43.5 billion gap in June. It compares with market expectations of a bigger USD 44.6 billion shortfall. Exports declined 0.3 percent and imports fell at a slower 0.2 percent. The trade gap with China reached an 11-month high and the one with the EU was the highest in 8 months.

The University of Michigan's consumer sentiment for the United States stood at 96.8 in August of 2017, below the preliminary estimate of 97.6 and compared with July's final reading of 93.4. Both future expectations and current conditions sub-indices came in lower than previously estimated.

The Institute for Supply Management’s Manufacturing PMI in the US rose to 58.8 in August of 2017 from 56.3 in July, beating market expectations of 56.5. It is the highest reading since April of 2011, boosted by a rise in production, employment and inventories.

The IHS Markit Manufacturing PMI for the United States was revised higher to 52.8 in August of 2017 from a preliminary reading of 52.5 but below 53.3 in July. Production rose the least since June of 2016; exports dragged on order book growth and both input and output prices increased faster. On the other hand, job gains were the highest in six months.

Non farm payrolls in the United States increased by 156 thousand in August of 2017, below a downwardly revised 189 thousand in July and lower than market expectations of 180 thousand. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining.

US unemployment rate unexpectedly rose to 4.4 percent in August 2017 from 4.3 percent in the previous month and above market consensus of 4.3 percent. The number of unemployed persons increased by 151 thousand to 7.1 million.

Personal spending in US rose 0.3 percent month-on-month in July, below expectations of 0.4 percent gain but above upwardly revised 0.2 percent rise in June. Expenditure on both goods and services increased.

The number of Americans filing for unemployment benefits increased by 1 thousand to 236 thousand in the week ended August 26th from the previous week's revised level of 235 thousand and in line with market expectations.

The US economy expanded an annualized 3 percent in the second quarter of 2017, well above a preliminary reading of 2.6 percent and beating market expectations of 2.7 percent. It is the strongest growth rate since the first three months of 2015, the second estimate from the BEA showed. Increases in consumer spending and in nonresidential fixed investment were larger than previously estimated, offsetting a drag from government expenditure and investment.

New orders for US manufactured durable goods slumped 6.8 percent month-over-month in July of 2017, offsetting a downwardly revised 6.4 percent rise in June which was the highest gain in nearly three years. Figures compare with market expectations of a 6 percent fall. Orders for transport equipment shrank 19 percent, with those for motor vehicles falling 1.2 percent. However, non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans increased 0.4 percent, following a flat reading in June.

The number of Americans filing for unemployment benefits increased by 2 thousand to 234 thousand in the week ended August 19th from the previous week's unrevised level of 232 thousand. It compares with market expectations of 238 thousand. The 4-week moving average which removes week-to-week volatility went down by 2.750 thousand to 237.750 thousand, the lowest since May.

Sales of new single-family houses in the United States shrank 9.4 percent to a seasonally adjusted annual rate of 571 thousand in July of 2017 from an upwardly revised 630 thousand in June. It is the lowest reading so far this year and well below market expectations of 612 thousand. Sales fell in the Northeast, the West and the South.

The IHS Markit US Manufacturing PMI fell to 52.5 in August of 2017 from 53.3 in July, below market expectations of 53.3, flash estimates showed. Production volumes rose the least in over a year.

The University of Michigan's consumer sentiment for the United States rose to 97.6 in August of 2017 from 93.4 in July, beating market estimates of 94, preliminary estimates showed. It is the strongest reading since January, due to a more positive outlook for the overall economy and more favorable personal financial prospects.

Industrial production in the United States increased 0.2 percent month-over-month in July of 2017, lower than a 0.4 percent gain in June and below market expectations of 0.3 percent. Manufacturing output shrank 0.1 percent, mainly due to a fall in production of motor vehicles and parts and mining rose at a slower pace while utilities rebounded.

The number of Americans filing for unemployment benefits declined by 12 thousand to 232 thousand in the week ended August 12th from the previous week's unrevised level of 244 thousand and below market expectations of 240 thousand. It was the lowest level since the week ended February 25th when claims dropped to 227 thousand, which was the best reading since March 1973.

Several Fed policymakers were prepared to announce a start date for the shrinking of the US central bank’s balance sheet at the latest rate-setting meeting, but most preferred to wait for additional information on the economic outlook and developments potentially affecting financial markets, minutes from last FOMC meeting showed.

Housing starts in the United States slumped 4.8 percent from the previous month to a seasonally adjusted annualized rate of 1155 thousand in July of 2017, following a downwardly revised 1213 thousand in the previous month and compared to market expectations of a 0.5 percent rise. Starts declined in the Northeast, Midwest and the West.

Retail sales in the United States grew by 0.6 percent month-over-month in July 2017, following an upwardly revised 0.3 percent gain in June and beating market expectations of 0.4 percent. It was the sharpest increase in retail trade since December last year, mainly driven by higher sales at miscellaneous store retailers and motor vehicle and parts dealers.

US consumer prices increased by 1.7 percent year-on-year in July 2017, missing market expectations of 1.8 percent and following a 1.6 percent gain in June. Prices rose at a faster pace for energy, food, medical care commodities and transportation services.

The US government posted a USD 43 billion budget deficit in July 2017, smaller than a USD 113 billion gap in the same month of the previous year and below market expectations of a USD 73 billion deficit. Outlays fell 15 percent year-on-year to USD 275 billion while receipts increased 10 percent to USD 232 billion.

The number of Americans filing for unemployment benefits increased by 3 thousand to 244 thousand in the week ended August 5th from the previous week's revised level of 241 thousand and above market expectations of 240 thousand.

The goods and services deficit in the United States narrowed to USD 43.6 billion in June 2017 from USD 46.4 billion a month earlier and compared to market expectations of a USD 45 billion gap. It was the smallest trade deficit since October 2016, as exports increased to their highest level in 2-1/2 years.

Non farm payrolls in the US increased by 209K in July of 2017, below an upwardly revised 231K in June but above market expectations of 183 thousand. Employment increased in food services and drinking places, professional and business services, and health care.

US unemployment rate fell one-tenth of a percentage point to 4.3 percent in July 2017, matching a 16-year low touched in May. The number of unemployed persons was little changed at 7.0 million while the labor force participation rate edged up to 62.9 percent.

The ISM Non-Manufacturing PMI index for the United States fell to 53.9 in July of 2017, well below 57.4 in June and market expectations of 57. It is the lowest reading since August of 2016 as production, new orders and employment eased and price pressures increased. Although the non-manufacturing sector growth slowed, the majority of respondents’ comments were mostly positive about business conditions and the state of the economy.

The number of Americans filing for unemployment benefits dropped by 5 thousand to 240 thousand in the week ended July 29th from the previous week's revised level of 245 thousand and slightly below market expectations of 242 thousand. Meanwhile, the 4-week moving average, which removes week-to-week volatility, fell by 2.5 thousand to 241,750 thousand.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 56.3 in July of 2017 from 57.8 in June which was the highest since August of 2014. Figures came slightly below market expectations of 56.5 due to a slowdown in new orders, production and employment.

The IHS Markit US Manufacturing PMI rose to 53.3 in July of 2017 from a preliminary of 53.2 and 52 in June, final figures showed. It is the highest reading in four months as growth in output and new orders rebounded and inflationary pressures were muted.

Personal spending in the United States edged up 0.1 percent month-over-month in June of 2017, following an upwardly revised 0.2 percent rise in May and in line with market expectations. A rise in services spending offset declines in purchases of both durable and nondurable goods. Meanwhile, personal income was flat in June, the worst performance in seven months and well below expectations of a 0.4 percent gain.

The University of Michigan's consumer sentiment for the United States was revised up to 93.4 from a preliminary of 93.1 in July of 2017 and compared to 95.1 in June. Still, it is the lowest reading since October of 2016 although future expectations declined less than expected and current conditions rose further.

The US economy advanced an annualized 2.6 percent on quarter in the second quarter of 2017, following a downwardly revised 1.2 percent expansion in the previous period, matching market expectations, an advance estimate showed. The improvement was boosted by strong consumer spending and a rebound in government consumption while exports slowed and housing investment shrank.

New orders for US manufactured durable goods jumped 6.5 percent month-over-month in June of 2017, following a downwardly revised 0.1 percent drop in May and beating market expectations of a 3 percent rise. It is the biggest gain since July of 2014, boosted by a 131.2 percent surge in orders for civilian aircraft. However, non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans decreased 0.1 percent, following an upwardly revised 0.7 percent rise in May and the first drop since December.

The number of Americans filing for unemployment benefits increased by 10 thousand to 244 thousand in the week ended July 22nd from the previous week's revised level of 234 thousand and above market expectations of 241 thousand. Meanwhile, the 4-week moving average, which removes week-to-week volatility, was unchanged at 244 thousand.

The Federal Reserve left the target range for its federal funds rate unchanged at 1 percent to 1.25 percent during its July 2017 meeting and said it will start reducing its USD 4.5 trillion portfolio relatively soon. The committee considered near-term risks to the economic outlook as roughly balanced, but said it will closely monitor inflation.

Sales of new single-family houses in the United States increased 0.8 percent to a seasonally adjusted annual rate of 610 thousand in June of 2017 from a downwardly revised 605 thousand in May. The figure came below market expectations of 615 thousand. Sales rose in the Midwest and the West but fell in the South and were flat in the Northeast.

The IHS Markit Flash US Manufacturing PMI increased to 53.2 in July of 2017 from 52 in June, beating market expectations of 52.1. It is the highest value in four months as output, new orders, employment and stocks of inputs rose faster.

The number of Americans filing for unemployment benefits decreased by 15 thousand to 233 thousand in the week ended July 15th from the previous week's revised level of 248 thousand, way below market expectations of 245 thousand. Meanwhile, the 4-week moving average, which removes week-to-week volatility, went down by 2.25 thousand to 243.75 thousand.

Housing starts in the United States jumped 8.3 percent from the previous month to a seasonally adjusted annualized rate of 1215 thousand in June of 2017, following an upwardly revised 1122 thousand in the previous month and compared to market expectations of a 5.8 percent rise. It is the strongest construction activity in four months as starts increased in the Northeast, the Midwest and the West.

The University of Michigan's consumer sentiment for the United States fell to 93.1 in July of 2017 from 95.1 in June, well below market estimates of 95, preliminary estimates showed. It is the lowest reading since October of 2016, mainly due to a fall in future expectations.

Industrial production in the United States increased by 0.4 percent month-over-month in June 2017, following an upwardly revised 0.1 percent rise in May and beating market expectations of a 0.3 percent gain. Manufacturing output rebounded from the previous month, while mining rose at a slower pace and utilities showed no growth.

Retail sales in the United States decreased by 0.2 percent month-over-month in June 2017, following a downwardly revised 0.1 percent drop in May and missing market expectations of a 0.1 percent gain. It was the second straight month of decline in retail trade, mainly driven by lower sales at miscellaneous store retailers and gasoline stations.

Consumer prices in the United States increased 1.6 percent year-on-year in June of 2017, below 1.9 percent in May and compared to market expectations of 1.7 percent. It is the lowest inflation rate since October of 2016 due to a 0.4 percent fall in gasoline prices. On a monthly basis, consumer prices were flat, following a 0.1 percent drop in May and compared to forecasts of 0.1 percent.

The US government posted a USD 90 billion budget deficit in June 2017, larger than market expectations of a USD 35 billion gap and compared with a USD 6 billion surplus in the same month of the previous year. Outlays jumped 33 percent to USD 429 billion while receipts increased at a much slower 3 percent to USD 339 billion.

The number of Americans filing for unemployment benefits decreased for the first time in a month by 3 thousand to 247 thousand in the week ended July 8th from the previous period, although above market expectations of 245 thousand. Meanwhile, the 4-week moving average which removes week-to-week volatility went up by 2,250 to 245,750.

The US economy is expected to continue to expand at a moderate pace although uncertainty persists about low inflation and fiscal and government policies, prepared remarks from Yellen's testimony to Congress showed. As a result, the Fed is likely to start reducing its balance sheet this year and gradually hike funds rate.

US unemployment rate rose to 4.4 percent in June 2017 from the previous month's 16-year low of 4.3 percent and above market expectations of 4.3 percent. The number of unemployed persons was little changed at 7.0 million while the labor force participation rate edged up to 62.8 percent.

Non farm payrolls in the United States increased by 222 thousand in June of 2017, above an upwardly revised 152 thousand in May and compared to market expectations of 179 thousand. It is the highest figure in four months as employment increased in health care, social assistance, financial activities, and mining.

The ISM Non-Manufacturing PMI index for the United States rose to 57.4 in June of 2017 from 56.9 in May, beating market expectations of 56.5. Business activity and new orders went up while employment slowed. The majority of respondents’ comments continue to be positive about business conditions and the overall economy.

The number of Americans filing for unemployment benefits increased by 4 thousand to 248 thousand in the week ended July 1st from the previous week's unrevised level of 244 thousand and above market expectations of 243 thousand. It was the highest level since the week ended May 27th. Meanwhile, the 4-week moving average, which removes week-to-week volatility, increased by 750 to 243 thousand.

The goods and services deficit in the United States narrowed to USD 46.5 billion in May of 2017 from a USD 47.6 billion gap a month earlier and compared to market expectations of a USD 46.2 billion shortfall. Exports rose 0.4 percent to the highest value in nearly two years mainly boosted by sales of consumer goods and cell phones.

The Federal Reserve is ready to start reducing its USD 4.5 trillion asset portfolio within a couple of months and the effect of such normalization on financial markets is expected to be limited, minutes from last FOMC meeting showed. Policymakers viewed the recent softer inflation as temporary, mainly reflecting idiosyncratic factors. The Fed last raised the target range for the federal funds rate by 25bps to 1 percent to 1.25 percent during its June 2017 meeting.

The Institute for Supply Management’s Manufacturing PMI in the US rose to 57.8 in June 2017 from 54.9 in May and way above market expectations of 55.2. The reading pointed to the strongest rate of expansion since August 2014, as output, new orders and employment grew at faster pace.

The seasonally adjusted IHS Markit final US Manufacturing PMI came in at 52 in June 2017, slightly below the earlier flash estimate of 52.1 and compared with May's final reading of 52.7. The figure pointed to the weakest pace of expansion since September last year, as output, new business and employment growth slowed.

The University of Michigan's consumer sentiment for the United States was revised higher to 95.1 in June of 2017 from a preliminary reading of 94.5 as current conditions were assessed more positive. However, it is the lowest reading in seven months, on lower future expectations, final figures showed.

Personal spending in the US edged up 0.1 percent month-over-month in May of 2017, down from a 0.4 percent rise in April and in line with market expectations. It is the smallest gain in three months as spending on durables and nondurables declined. On the other hand, personal income rose 0.4 percent, higher than 0.3 percent in April and above expectations of 0.3 percent. The savings rate increased to 5.5 percent from 5.1 percent.

The number of Americans filing for unemployment benefits increased by 2 thousand to 244 thousand in the week ended June 24th from the previous week's revised level of 242 thousand and above market expectations of 240 thousand.

The US economy expanded an annualized 1.4 percent on quarter in the first three months of 2017, better than 1.2 percent in the second estimate, as consumer spending and exports increased more than previously anticipated. On the other hand, non-residential investment was revised lower and the drag from inventories was higher than initially estimated.

New orders for US manufactured durable goods fell 1.1 percent month-over-month in May of 2017, following an upwardly revised 0.9 percent drop in April. Figures came worse than market expectations of a 0.9 percent decline, mainly driven by a 3.4 percent slump in transport equipment. Non-defense capital goods orders excluding aircraft, seen as a proxy for business spending plans decreased 0.2 percent.

Sales of new single-family houses in the United States increased 2.9 percent to a seasonally adjusted annual rate of 610 thousand in May of 2017 from an upwardly revised 593 thousand in April. The figure came above market expectations of 597 thousand, as sales rose in the South and the West.

The IHS Markit US Manufacturing PMI fell to 52.1 in June of 2017 from 52.7 in May and well below market expectations of 53, flash estimates showed. It is the lowest reading since September of 2016 as output and new business growth slowed, offsetting stronger contributions from job creation and inventory building.

The number of Americans filing for unemployment benefits increased by 3 thousand to 241 thousand in the week ended June 17th from the previous week's revised level of 238 thousand and above market expectations of 240 thousand.

The University of Michigan's consumer sentiment for the United States went down to 94.5 in June of 2017 from 97.1 in May and well below market expectations of 97. It is the lowest reading in seven months as both present and future expectations declined, preliminary estimates showed. The recent erosion of confidence was due to more negative perceptions of the proposed economic policies among Democrats and the reduced likelihood of passage of these policies among Republicans.

Housing starts in the United States slumped 5.5 percent from the previous month to a seasonally adjusted annualized rate of 1092 thousand in May of 2017, following a downwardly revised 1156 thousand in the previous month and compared to market expectations of a 4.1 percent rise. It is the weakest construction activity in eight months as starts plunged in the Midwest and the South.

Industrial production in the United States was flat month-over-month in May of 2017, following an upwardly revised 1.1 percent rise in April and compared to market expectations of a 0.2 percent gain. Manufacturing went down 0.4 percent, offsetting a 1.6 percent rise in mining and a 0.4 percent gain in utilities.

The number of Americans filing for unemployment benefits decreased by 8 thousand to 237 thousand in the week ended June 10th 2017, compared to market expectations of 242 thousand. The four-week moving average, considered a better measure of labor market trends as it removes out week-to-week volatility, rose 1,000 to 243,000 in last week.

The Federal Reserve raised the target range for its federal funds rate by 25bps to 1 percent to 1.25 percent during its June 2017 meeting, in line with market expectations. Policymakers kept forecasts for three rate hikes this year while increasing growth projections and lowering inflation expectations. In addition, details on how the central bank will start reducing its USD 4.5 trillion portfolio were also provided.

Retail sales in the United States decreased by 0.3 percent month-over-month in May of 2017, following a 0.4 percent rise in April and missing market expectations of a 0.1 percent gain. It was the biggest decline since January of 2016, driven by lower sales of motor vehicles, electronics & appliance stores, gasoline stations, sporting goods, hobby, book & music stores and general merchandise stores. On a year-on-year basis, retail sales rose 3.8 percent.

Consumer prices in the United States increased 1.9 percent year-on-year in May of 2017, easing from a 2.2 percent rise in April and below market expectations of 2 percent. It is the lowest inflation rate since November last year although it was still above the 1.6 percent average over the past 10 years. Core inflation slowed further to a 2-year low of 1.7 percent.

The US government posted a USD 88 billion budget deficit in May of 2017, compared to a USD 52.5 billion gap a year earlier and slightly above market expectations of a USD 86.5 billion shortfall. Outlays jumped 19 percent to USD 329 billion while receipts rose by 7 percent to USD 240 billion.

The number of Americans filing for unemployment benefits decreased by 10 thousand to 245 thousand in the week ended June 3rd 2017, compared to market expectations of 240 thousand. The 4-week moving average which removes week to week volatility went up by 2.25 thousand to 242 thousand.

The ISM Non-Manufacturing PMI index for the United States fell to 56.9 in May of 2017 from 57.5 in April, slightly below market expectations of 57. Production and new orders rose at a slower pace while employment picked up. The majority of respondents’ comments continue to indicate optimism about business conditions and the overall economy.

The goods and services deficit in the United States widened to USD 47.6 billion in April of 2017 from an upwardly revised USD 45.6 billion gap a month earlier and higher than market expectations of a USD 46.1 billion shortfall. Exports fell 0.3 percent to USD 190.98 billion, driven by lower sales of consumer goods and vehicles. Imports rose 0.8 percent to USD 238.6 billion, boosted by cellphones and capital goods.

US unemployment rate fell to 4.3 percent in May 2017 from 4.4 percent in the previous month and below market expectations of 4.4 percent. It was the lowest jobless rate since May 2001, as the number of unemployed persons was little changed at 6.9 million and the labor force participation rate fell to 62.7 percent.

Non farm payrolls in the United States increased by 138 thousand in May of 2017, below a downwardly revised 174 thousand in April and compared to market expectations of 185 thousand. In May, job gains occurred in health care and mining.

The Institute for Supply Management’s Manufacturing PMI in the US edged up to 54.9 in May of 2017 from 54.8 in April, beating expectations of 54.5. New orders, employment and inventories went up, offsetting slower growth in production.

The IHS Markit US Manufacturing PMI edged down to 52.7 in May of 2017 from 52.8 in April but higher than a preliminary 52.5. It is the lowest reading in 8 months amid a moderate rise in new business and subdued increases in output and employment while input cost inflation slowed, final figures showed.

The number of Americans filing for unemployment benefits increased by 13 thousand to 248 thousand in the week ended May 27th from the previous week's revised level of 235 thousand and way above market expectations of 239 thousand.

Personal spending in the United States rose 0.4 percent on the month in April of 2017, following an upwardly revised 0.3 percent gain in March, matching market expectations. It is the biggest increase so far this year, boosted by a rebound in spending on durable and nondurable goods.

The University of Michigan's consumer sentiment for the United States was at 97.1 in May of 2017, only slightly up from 97 in April and below initial estimates of 97.7. Both current and future expectations were revised down, final figures showed. Yet, it is still the highest reading in four months.

New orders for US manufactured durable goods fell 0.7 percent month-over-month in April 2017, following an upwardly revised 2.3 percent jump in March, better than expectations of a 1.2 percent drop. It was the first decline this year, as orders for machinery fell 0.8 percent and those for civilian aircraft shrank 9.2 percent. Meanwhile, orders for defense aircraft jumped 7.1 percent and those for motor vehicles and parts went up 0.3 percent, the first rise in three months.

The US economy expanded an annualized 1.2 percent on quarter in the first three months of 2017, better than the advance estimate of 0.7 percent growth and beating market expectations of 0.9 percent, figures from the second estimate showed. It is the lowest growth rate in a year, better than the weakest first-quarter growth in three years initially estimated. Consumer spending and nonresidential fixed investment rose faster than anticipated and the drag from public spending and investment was lower than initially estimated. In contrast, private inventories decreased more.

The number of Americans filing for unemployment benefits increased by 1 thousand to 234 thousand in latest week, lower than market expectations of 238 thousand. It is 116th straight week that claims were below 300,000, a level associated with a healthy jobs market. In addition, the 4-week moving average which removes weekly volatility fell to 235.25 thousand, the lowest in 44 years.

Another increase in the federal funds rate would be appropriate soon, proven that recent growth slowdown is only transitory, minutes from last FOMC meeting showed. Fed officials also discussed strategies to start reducing its USD 4.5 trillion portfolio.

Sales of new single-family houses in the United States slumped 11.4 percent to a seasonally adjusted annual rate of 569 thousand in April of 2017 from an upwardly revised near 9-1/2-year high of 642 thousand in March. The figure came below market expectations of 610 thousand, as sales fell in all four main regions.

The IHS Markit US Manufacturing PMI fell to 52.5 in May of 2017 from 52.8 in April, below market expectations of 53, flash figures showed. It is the lowest reading since September of 2016, driven by softer growth of output, new orders and employment.

The number of Americans filing for unemployment benefits decreased by 4K to 232K in latest week, the lowest level since February. It was the third straight week of falls bringing the claims close to values only seen in 1973. Meanwhile, continuing claims fell by 22K to 1898K, the lowest since November 1988.

US industrial production increased by 1 percent month-over-month in April 2017, following a downwardly revised 0.4 percent rise in March and beating market expectations of a 0.3 percent gain. It was the largest increase in industrial production since February 2014, as output rebounded for both manufacturing and mining while utilities grew at a slower pace.

Housing starts in the United States went down 2.6 percent from the previous month to a seasonally adjusted annualized rate of 1172 thousand in April of 2017, following a downwardly revised 1203 thousand in the previous month and worse than market expectations of a 3.7 percent rise. It is the weakest construction activity in five months as starts fell in the South and the Northeast.

The University of Michigan's consumer sentiment for the United States rose to 97.7 in May of 2017 from 97 in the previous month, according to preliminary estimates. Figures beat market forecasts of 97, boosted by an improvement in future expectations.

Retail sales in the United States increased by 0.4 percent month-over-month in April 2017, following an upwardly revised 0.1 percent rise in March but missing market expectations of a 0.6 percent gain. The increase was mainly driven by a rebound in sales of motor vehicles and higher receipts at service stations, building material stores and electronics and appliance stores.

Consumer prices in the United States increased 2.2 percent year-on-year in April of 2017, lower than 2.4 percent in March and below market expectations of 2.3 percent. It is the lowest inflation rate so far this year due to a slowdown in energy, transport and health cost. The monthly index increased 0.2 percent, recovering from a 0.3 percent fall in March and matching forecasts, boosted by prices of shelter, energy, tobacco and food.

The number of Americans filing for unemployment benefits decreased by 2 thousand to 236 thousand in the week ended May 6th, 2017 from the previous week's unrevised level of 238 thousand, below market expectations of 245 thousand. It is the lowest figure in four weeks. Meanwhile, the number of continuing claims fell by 61 thousand to 1918 thousand, the lowest figure since November 5th, 1988 when it was 1898 thousand.

The US government posted a USD 182 billion budget surplus in April of 2017, compared to a USD 106.5 billion surplus a year earlier and well above market expectations of USD 175.9 billion deficit. Outlays decreased 18 percent to USD 273 billion while receipts rose by 4 percent to USD 456 billion.

US unemployment rate fell to 4.4 percent in April 2017 from 4.5 percent in the previous month, better than market expectations of 4.6 percent. It was the lowest jobless rate since May 2007, as the number of unemployed persons declined by 146 thousand to 7.1 million and the labor force participation rate edged down to 62.9 percent from an 11-month high of 63 percent in March.

Non farm payrolls in the United States increased by 211 thousand in April of 2017, higher than a downwardly revised 79 thousand in March and beating market expectations of 185 thousand. Employment rose in leisure and hospitality, health care and social assistance, financial activities, and mining.

The number of Americans filing for unemployment benefits decreased by 19 thousand to 238 thousand in the week ended April 29th, 2017 from the previous week's unrevised level of 257 thousand and below market expectations of 247 thousand. It is the lowest figure in three weeks. Meanwhile, the 4-week moving average, which removes week-to-week volatility, increased by 750 to 243 thousand. The continuing claims drawn by workers for more than a week decreased by 23 thousand from a 17-year low to 1.964 million.

The goods and services deficit in the United States narrowed slightly to USD 43.7 billion in March of 2017 from an upwardly revised USD 43.8 billion gap a month earlier and lower than market expectations of a USD 44.5 billion shortfall. Exports declined for the first time in four months mainly due to lower sales to China and imports fell for the second straight month.

The Federal Reserve left the target range for its federal funds rate steady at 0.75 percent to 1 percent during its May 2017 meeting, in line with market expectations. Policymakers said the labor market has continued to strengthen despite a slowdown in economic activity during the first quarter, seen as transitory.

The ISM Non-Manufacturing PMI index for the United States went up to 57.5 in April of 2017 from 55.2 in March, beating market expectations of 55.8. Business activity increased and new orders reached the highest since August of 2005 as non-manufacturers were mostly positive about business conditions and the overall economy.

The Institute for Supply Management’s Manufacturing PMI in the US fell to 54.8 in April 2017 from 57.2 in March and below market expectations of 56.5. It was the lowest reading since December 2016, as new orders and employment expanded at a slower pace.

The seasonally adjusted Markit final US Manufacturing PMI fell to 52.8 in April 2017 from 53.3 in March, in line with the preliminary estimate. It was the lowest reading since September 2016, as a slowdown in output and new business growth more than offset a slight rebound in job creation.

Personal spending in the United States was unchanged for the second straight month in March 2017, missing market expectations of a 0.2 percent gain. An increase in spending for services, notably spending for household utilities was partially offset by a decrease in spending for durable goods, mainly in motor vehicles and parts.

The University of Michigan's consumer sentiment for the United States came in at 97 in April 2017 compared with a preliminary reading of 98 but slightly higher than 96.9 in March, a final estimate showed. The gauge of future expectations increased slightly while the barometer for current economic conditions fell.

The US economy grew an annualized 0.7 percent on quarter in the first quarter of 2017, following a 2.1 percent expansion in the previous period and below expectations of 1.1 percent, an advance estimate showed. The deceleration in real GDP in the first quarter reflected a deceleration in PCE and downturns in private inventory investment and in state and local government spending that were partly offset by an upturn in exports and accelerations in both nonresidential and residential fixed investment.

New orders for US manufactured durable goods went up 0.7 percent month-over-month in March of 2017, following an upwardly revised 2.3 percent jump in February and below expectations of a 1.2 percent rise.

The number of Americans filing for unemployment benefits increased by 14 thousand to 257 thousand in the week ended April 22nd 2017 from the previous week's revised level of 243 thousand and above market expectations of 245 thousand.

The Markit US Manufacturing PMI fell to 52.8 in April of 2017 from 53.3 in March and well below market expectations of 53.5, flash figures showed. It is the lowest reading since September of 2016, indicating another slowdown in manufacturing growth from the near two-year high in January, mainly due slower expansion in output and new orders.

The number of Americans filing for unemployment benefits increased by 10 thousand to 244 thousand in the week ended April 15th 2017 from the previous week's unrevised level of 234 thousand and above market expectations of 242 thousand.

US industrial production rose by 0.5 percent month-over-month in March 2017, following a 0.1 percent gain in February and matching market expectations. Utilities output jumped 8.6 percent, the largest gain on record, while manufacturing production fell 0.4 percent, missing consensus of a 0.1 percent gain.

Housing starts in the United States slumped 6.8 percent from the previous month to a seasonally adjusted annualized rate of 1215 thousand in March of 2017, following an upwardly revised 1303 thousand in the previous month and much worse than market expectations of a 3 percent drop. It is the lowest rate in four months, led by drops in the Midwest.

Consumer prices in the United States increased 2.4 percent year-on-year in March of 2017, lower than 2.7 percent in February and below market expectations of 2.6 percent. It is the lowest inflation rate in three months due to a slowdown in energy and services cost. On a monthly basis, consumer prices went down 0.3 percent, the first drop in 13 months.

Retail sales in the United States decreased by 0.2 percent month-over-month in March 2017 after February figures were revised to a 0.3 percent drop which previously was reported as a 0.1 percent gain. The primary drivers of the decline were lower spending at auto dealerships and gas stations. It was the first consecutive two-month drop in more than two years.

The University of Michigan's consumer sentiment for the United States rose to 98 in April of 2017 from 96.9 in the previous month, according to preliminary estimates. Figures beat market forecasts of 96.5, boosted by an improvement in current financial and economic situation.

The number of Americans filing for unemployment benefits decreased by 1 thousand to 234 thousand in the week ended April 8th 2017 from the previous period, below expectations of 245 thousand. It is the lowest figure in six weeks. The 4-week moving average that removes week-to-week volatility fell by 3 thousand to 247.25 thousand.

The US government posted a USD 176 billion budget deficit in March of 2017, compared to a USD 108 billion gap a year earlier and above market expectations of USD 167 billion. Outlays increased 17 percent to USD 393 billion while receipts fell by 5 percent to USD 217 billion.

US unemployment rate fell to 4.5 percent in March 2017 from 4.7 percent in the previous month, better than market expectations of 4.7 percent. It was the lowest jobless rate since May 2007, as the number of unemployed persons declined by 326,000 to 7.2 million while the labor force participation rate was unchanged at an 11-month high of 63 percent.

Non farm payrolls in the United States increased by 98 thousand in March of 2017, below a downwardly revised 219 thousand in February and compared to market expectations of 180 thousand. It is the lowest payroll number since May last year as retailers cut jobs while employment went up in professional, business services and mining.

The number of Americans filing for unemployment benefits decreased by 25 thousand to 234 thousand in the week ended April 1st 2017 from the previous period, well below expectations of 250 thousand. It is the lowest figure in five weeks and the largest decline since April of 2015. The 4-week moving average that removes week-to-week volatility fell by 4.5 thousand to 250 thousand.

Further increases in the federal funds rate would continue and a cut in the $4.5 trillion in bonds the central bank holds would be appropriate later this year if the economy continues to perform as expected, minutes from last FOMC meeting showed.

The ISM Non-Manufacturing PMI index for the United States fell to 55.2 in March of 2017 after reaching a 16-month high of 57.6 in February and below market expectations of 57. It is the lowest reading since October of 2016 as production, new orders , employment and inventories slowed and inventories contracted.

The goods and services deficit in the United States narrowed to USD 43.6 billion in February of 2017 from a downwardly revised USD 48.2 billion gap a month earlier and lower than market expectations of a USD 44.8 billion shortfall. Exports increased 0.2 percent to 2 year high, boosted by rise in shipments of cars and industrial supplies and materials while imports went down 1.8 percent.

The ISM Manufacturing PMI fell to 57.2 in March from a 2-1/2-year high of 57.7 reported in February. New orders and production grew less while employment and export orders indexes jumped.

The final Markit US Manufacturing PMI fell to 53.3 in March of 2017 from a preliminary reading of 53.4 and a final of 54.2 in February. It is the lowest reading in six months as output, new orders and payrolls rose at a slower pace.

The final reading of the University of Michigan's consumer sentiment for the United States fell to 96.9 in March of 2017 from a preliminary reading of 97.6 but was higher than 96.3 in February. Both current conditions and futures expectations were revised slightly down.

Personal spending in the United States edged up 0.1 percent month-over-month in February of 2017, easing from a 0.2 percent gain in January and below market expectations of 0.2 percent. It is the smallest gain since August amid delays in the payment of income tax refunds and mainly due to a fall in purchases of durable goods.

The number of Americans filing for unemployment benefits decreased by 3 thousand to 258 thousand in the week ended March 25th 2017, from the previous week's unrevised level of 261 thousand. The figure came in above expectations of 248 thousand.

The US economy advanced an annualized 2.1 percent on quarter in the fourth quarter of 2016, higher than 1.9 percent in the previous estimates, final figures showed. Consumer spending and inventories increased faster than anticipated while investment rose less and net trade subtracted more from growth. In 2016, the GDP expanded 1.6 percent, the lowest since 2011.

The number of Americans filing for unemployment benefits increased by 15 thousand to 261 thousand in the week ended March 18th 2017, above market expectations of 240 thousand. It is the highest reading in 13 weeks. The 4-week moving average that removes week-to-week volatility increased by 3,500 to 246,500, revised data showed. Claims had been initially reported at 258 thousand for the week ended March 18th 2017. In contrast, continuing claims were revised down to 1,990 thousand from 2,000 thousand.

The Markit flash US manufacturing PMI fell to 53.4 in March of 2017 from 54.2 in February and well below expectations of 54.8. It is the lowest reading since October of 2016, mainly due to a slowdown in new orders and lower stocks while input cost inflation picked up.

New orders for US manufactured durable goods went up 1.7 percent month-over-month in February of 2017, following an upwardly revised 2.3 percent jump in January and beating market expectations of a 1.2 percent rise. Civilian aircraft orders surged 47.6 percent and were the main driver of the increase. Non-defense capital goods orders excluding aircraft, a closely proxy for business spending plans, fell 0.1 percent after edging up 0.1 percent in the previous month.

Sales of new single-family houses in the United States jumped 6.1 percent to a seasonally adjusted annual rate of 592,000 in February of 2017. It follows an upwardly revised 558,000 in the previous month, and well above market expectations of 565,000 as unusual warm weather boosted sales in the Midwest, West and the South. Meanwhile, sales of previously owned houses dropped 3.7 percent to 5480 thousand, down from a ten-year high of 5690 thousand in January.

The number of Americans filing for unemployment benefits increased by 15 thousand to 258 thousand in the week ended March 18th 2017, above market expectations of 240 thousand. It is the highest reading in seven weeks. The 4-week moving average that removes week-to-week volatility increased by 1,000 to 240,000.

The preliminary reading of the University of Michigan's consumer sentiment for the United States rose to 97.6 in March of 2017 from 96.3 in the previous month and beating market forecasts of 97.

Industrial production in the United States stalled in February from January of 2017, following a downwardly revised 0.1 percent fall in the previous period and compared to market expectations of a 0.2 percent gain. Utilities shrank amid warm weather, offsetting rises in manufacturing and mining.

Housing starts in the United States rose 3 percent from the previous month to a seasonally adjusted annualized rate of 1288 thousand in February of 2017, following an upwardly revised 1251 thousand in the previous month and beating market expectations of a 1.4 percent rise. It is the biggest rate in four months as construction of single-family houses hit a near 9-1/2-year high.

The number of Americans filing for unemployment benefits went down by 2 thousand to 241 thousand in the week ended March 11th 2017, slightly below market expectations of 243 thousand. The four-week moving average increased to 237,250 last week from 236,500.

The Federal Reserve raised the target range for its federal funds by 25bps to 0.75 percent to 1 percent during its March 2017 meeting. The decision came in line with market expectations as the labor market strengthened and economic activity continued to expand at a moderate pace, policymakers said. Interest rate forecasts point to another two rate hikes this year, the same as in the December projection.

Retail sales in the United States increased by 0.1 percent month-over-month in February 2017, following an upwardly revised 0.6 percent rise in January and in line with market expectations. It was the smallest increase since August, due to lower purchases at motor vehicle and parts dealers and electronics and appliance stores. In contrast, sales rose for building material and garden equipment and nonstore retailers.

Consumer prices in the United States increased 2.7 percent year-on-year in February of 2017, following a 2.5 percent rise in January and in line with market expectations. It was the highest inflation rate since March of 2012, boosted by a rise in gasoline prices.

The US government posted a USD 192 billion budget deficit in February of 2017, barely unchanged from a USD 192.6 billion gap a year earlier but above market expectations of USD 150 billion. Outlays increased 1 percent to USD 364 billion and receipts rose faster by 2 percent to USD 172 billion.

Non farm payrolls in the United States increased by 235 thousand in February of 2017, below an upwardly revised 238 thousand in January but above market expectations of 190 thousand. Job gains occurred in construction, private educational services, manufacturing, health care, and mining.

US unemployment rate fell to 4.7 percent in February 2017 from 4.8 percent in the previous month, in line with market expectations. The number of unemployed persons was almost unchanged at 7.5 million while the labor force participation rate increased by 0.1 percentage point to 63 percent.

The number of Americans filing for unemployment benefits went up by 20 thousand to 243 thousand in the week ended March 4th 2017, slightly above expectations of 235 thousand. The 4-week moving average that removes week-to-week volatility rose by 2,250 to 236,500. Yet, claims have been below 300 thousand for 105 straight weeks, the longest streak since 1970.

The goods and services deficit in the United States widened to USD 48.5 billion in January of 2017 from a USD 44.3 billion gap a month earlier and in line with market expectations of a USD 48.5 billion shortfall. It is the highest deficit since March of 2012 as imports jumped 2.3 percent due to consumer goods and oil and exports rose at a slower 0.6 percent.

A further adjustment of the federal funds rate would likely be appropriate at the March meeting if employment and inflation continue to evolve in line with expectations, Fed Chair Yellen said in a speech in Chicago, further raising expectations of a rate hike in two weeks.

The ISM Non-Manufacturing PMI index rose to 57.6 in February of 2017 from 56.5 in January and beating market expectations of 56.5. It is the highest reading since October of 2015, boosted by a surge in activity and rising new orders and employment. The majority of service providers indicated a positive outlook on business conditions and the overall economy although some uncertainty persists.

The number of Americans filing for unemployment benefits decreased by 19 thousand to 223 thousand in the week ended February 25th 2017, from the previous week's revised level of 242 thousand. The figure came in below expectations of 243 thousand to hit the lowest level since March 1973.

The Institute for Supply Management’s Manufacturing PMI rose to 57.7 in February of 2017 from 56 in January and well above market expectations of 56. It is the highest reading since August of 2014 amid rising new orders and production while employment eased. Comments from the panel largely indicate strong sales and demand, and reflect a positive view of business conditions.

The final Markit US Manufacturing PMI was revised slightly down to 54.2 in February of 2017 from a preliminary reading of 54.3 and 55 in January. Production eased from January's 22-month high, strong domestic demand offset subdued export sales and cost inflation continued to rise.

Personal spending in the United States went up 0.2 percent in January of 2017 from December, following a 0.5 percent gain in the previous period. Figures came in below market expectations of 0.3 percent mainly due to a fall in purchases of durable goods, namely autos while spending on services was flat.

The US economy advanced an annualized 1.9 percent on quarter in the last three months of 2016, slowing from a 3.5 percent growth in the previous period and matching earlier estimates. Consumer spending rose faster than anticipated while business investment was revised lower. In 2016, the GDP expanded 1.6%, the lowest since 2011.

New orders for US manufactured durable goods went up 1.8 percent month-over-month in January of 2017, following an upwardly revised 0.8 percent drop in December and beating market expectations of a 1.7 percent rise. It is the first gain in three months, boosted by a 6 percent jump in transportation equipment. However, non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 0.4 percent after an upwardly revised 1.1 percent gain in December.

The final reading of the University of Michigan's consumer sentiment for the United States came in at 96.3 in February 2017 compared to a preliminary figure of 95.7 and a final 98.5 in January. It was the weakest reading in three months, due to a drop in future expectations.

Sales of new single-family houses in the United States went up 3.7 percent to a seasonally adjusted annual rate of 555,000 in January of 2017. It follows a downwardly revised 535,000 in the previous month, but lower than market expectations of 570,000.

The number of Americans filing for unemployment benefits increased by 6 thousand to 244 thousand in the week ended February 18th 2017, from the previous week's downwardly revised level of 238 thousand and above market expectations of 241 thousand. Claims have been below 300 thousand for 103 straight weeks, the longest streak since 1970.

Many Fed officials said it might be appropriate to raise rates again fairly soon, depending on incoming data for labour market and inflation, minutes from FOMC meeting held on January 31-February 1 showed. However, policymakers emphasized uncertainty regarding fiscal policies and showed concerns over the dollar appreciation.

The Flash Markit US Manufacturing PMI decreased to 54.3 in February of 2017 from a near 2-year high of 55 in January. Figures came below market expectations of 55.3, mainly due to softer output and new order growth.

Housing starts in the United States went down 2.6 percent from the previous month to a seasonally adjusted annualized rate of 1246 thousand in January of 2017, following an upwardly revised 1279 thousand in the previous month and due to a fall in the multi-family segment. Figures beat market expectations of 1222 thousand. Building permits rose 4.6 percent to a one-year high of 1285 thousand, also better than forecasts of 1230 thousand.

The number of Americans filing for unemployment benefits increased by 5 thousand to 239 thousand in the week ended February 11th 2017, from the previous week's unrevised level of 234 thousand and below market expectations of 245 thousand.

US industrial production fell by 0.3 percent month-over-month in January 2017, following a downwardly revised 0.6 percent rise in the previous month and worse than market expectations of a 0.1 percent gain. Utilities output dropped sharply by 5.7 percent due to unseasonably warm weather while manufacturing production grew 0.2 percent, matching analysts' forecasts, and mining output rose 2.8 percent.

Retail sales in the United States increased by 0.4 percent month-over-month in January 2017, following an upwardly revised 1 percent rise in December and above market expectations of a 0.1 percent gain. Higher sales at gasoline stations, restaurants and electronics and appliances stores offset a sharp drop in motor vehicle purchases.

Consumer prices in the United States increased 2.5 percent year-on-year in January of 2017, following a 2.1 percent rise in December and above market expectations of 2.4 percent. The inflation rate accelerated for the sixth consecutive month to the highest since March of 2012, mainly boosted by gasoline prices.

The US economy is expected to continue to expand at a moderate pace and wait too long to raise rates would be unwise, Fed Chair Yellen said in prepared remarks to the Congress. However, the economic outlook and fiscal policy face uncertainty and monetary policy is not on a preset course thus any changes will depend on incoming data, Fed Chair added.

The US government posted a $51 billion budget surplus in January of 2017, 7.1 percent lower than a $55 billion surplus a year earlier but above market expectations of $40 billion. Receipts rose 10 percent to $344 billion and outlays increased 13 percent to $293 billion.

The preliminary reading of the University of Michigan's consumer sentiment for the United States fell to 95.7 in February of 2017 from a 13-year high of 98.5 in the previous month and lower than market forecasts of 97.9. Future expectations declined and current conditions edged down.

The number of Americans filing for unemployment benefits decreased by 12 thousand to 234 thousand in the week ended February 4th 2017, below market expectations of 250 thousand. It is the smallest figure since the week ended November 12th 2016 when claims came in at 233,000, the lowest in 43 years. Claims have been below 300 thousand, the level associated with a healthy labor market for 101 straight weeks. That’s the longest streak since 1970. Yet, the 4-week moving average considered a better measure as removes week-to-week volatility reached the lowest since 1973.

The goods and services deficit in the United States narrowed to USD 44.3 billion in December of 2016 from an upwardly revised USD 45.7 billion gap a month earlier and lower than market expectations of a USD 45 billion shortfall. Exports reached the highest in 1-1/2-years with shipments of advanced technology goods hitting a record high. Considering full 2016, the trade deficit widened 0.4 percent to a four-year high of USD 502.3 billion.

The ISM Non-Manufacturing PMI index edged down to 56.5 in January of 2017 from a downwardly revised 56.6 in December and below market expectations of 57. Business activity and new orders eased and price pressures intensified while payrolls rose faster. Comments from non-manufacturers were mixed, indicating both optimism and a degree of uncertainty in the business outlook as a result of the change in government administration.

US unemployment rate rose to 4.8 percent in January 2017 from 4.7 percent in the previous month and above market expectations of 4.7 percent. The number of unemployed persons was almost unchanged at 7.6 million while the labor force participation rate increased by 0.2 percentage point to 62.9 percent.

Total nonfarm payroll employment in the United States rose by 227,000 in January of 2017, following an upwardly revised 157,000 in December and beating market expectations of 175,000. It is the strongest job growth in four months as employment increased in retail trade, construction, and financial activities.

The number of Americans filing for unemployment benefits decreased by 14 thousand to 246 thousand in the week ended January 28th 2017, below market expectations of 250 thousand. Claims have been below 300,000, the level associated with a healthy labor market, for 100 straight weeks. That’s the longest streak since 1970.

The Federal Reserve kept the target range for its federal funds steady at 0.5 percent to 0.75 percent during its February 2017 meeting, in line with market expectations and following a 25bps hike in December. Policymakers noted the improvement in business and consumer confidence and the rise in consumer prices and said near-term risks to the economic outlook appear roughly balanced.

The Institute for Supply Management’s Manufacturing PMI rose to 56 in January of 2017 from a downwardly revised 54.5 in December and well above market expectations of 55. It is the highest reading since November of 2014 as new orders, production and employment increased and business conditions are seen generally positive.

The final Markit US Manufacturing PMI fell slightly to 55 in January of 2017 from a preliminary of 55.1 but was above 54.3 in the previous month. It is the highest reading since March of 2015 amid robust output and new order growth. Confidence regarding the year-ahead business outlook was the strongest since March 2016.

Personal spending in the United States went up 0.5 percent in December from November of 2016, following a 0.2 percent gain in the previous period. Figures came in line with market expectations, boosted by spending on durables, namely cars and services. Considering full 2016, personal consumption increased 3.8 percent after rising 3.5 percent in 2015.

The final reading of the University of Michigan's consumer sentiment for the United States rose to 98.5 in January of 2017 compared to a preliminary figure of 98.1 and 98.2 in December. It is the highest reading since January of 2004, due to a more optimistic outlook for the economy and job growth during the year ahead as well as more favorable economic prospects over the next five years.

New orders for US manufactured durable goods decreased by 0.4 percent month-over-month in December 2016, following an upwardly revised 4.8 percent drop in November. The number came worse than market expectations of a 2.6 percent rise as orders for transport equipment dropped 2.2 percent and defense capital goods fell 33.4 percent.

The US economy advanced an annualized 1.9% on quarter in Q4, below expectations of 2.2%. Exports slumped reversing the impact from the surge in soybean shipments in Q3 and consumer spending slowed while investment jumped, boosted by equipment and home building. In 2016, the GDP expanded 1.6%, the lowest since 2011.

Sales of new single-family houses in the United States shrank 10.4 percent to a seasonally adjusted annual rate of 536,000 in December of 2016, much worse than market expectations of a 1 percent drop. It is the lowest figure since February. Considering full 2016, new home sales went up 12.2 percent to 563,000, the highest since 2007.

The number of Americans filing for unemployment benefits increased by 22 thousand to 259 thousand in the week ended January 21st, 2017, its highest level in one month and above market expectations of 247 thousand. Still, the four-week moving average, which removes week-to-week volatility, fell by 2 thousand to 245.5 thousand last week, the lowest level since November 1973.

The Flash Markit Manufacturing PMI in the United States increased to 55.1 in January of 2017 from 54.3 in the previous month, beating market expectations of 54.5. It is the highest reading since March of 2015 as new work boosted output and purchasing activity while growth in new export work remained muted and employment eased.

The number of Americans filing for unemployment benefits decreased by 15 thousand to 234 thousand in the week ended January 14th, 2017, from the previous week's revised level of 249 thousand. The figure came in below market expectations of 254 thousand and was close to the 233 thousand touched in mid-November, which was the lowest since November 1973.

Housing starts in the United States jumped 11.3 percent from the previous month to a seasonally adjusted annualized rate of 1226 thousand in December of 2016, beating market expectations of 1200 thousand. Multi-segment starts rebounded while single-family declined for the second month. Considering full 2016, housing starts rose 4.9 percent to 1166.4 thousand. Considering full 2016, housing starts rose 4.9 percent to 1166.4 thousand.

Industrial production in the United States grew by 0.8 percent month-over-month in December 2016, following an upwardly revised 0.7 percent fall in November and better than market expectations of a 0.6 percent rise. It was the largest gain since November 2014, as utility output jumped 6.6 percent, its sharpest increase since December 1989.

Consumer prices in the United States increased 2.1 percent year-on-year in December 2016, following a 1.7 percent rise in November and matching market expectations. The inflation rate accelerated for the fifth consecutive month to the highest since June of 2014, boosted by gasoline and shelter cost.

The preliminary reading of the University of Michigan's consumer sentiment for the United States edged down to 98.1 in January of 2017 from a 13-year high of 98.2 in the previous month and lower than market forecasts of 98.5. Future expectations declined and inflationary pressures jumped.

Retail sales in the United States increased 0.6 percent month-over-month in December of 2016, following an upwardly revised 0.2 percent rise in November and below market expectations of a 0.7 percent gain. Sales of autos and gasoline rebounded. Considering the three months to December, retail sales went up 1.6 percent and for full 2016 sales rose 3.3 percent, higher than 2.3 percent in 2015.

The US government posted a $28 billion budget deficit in December of 2016, a 94.4 percent increase from a $14.4 billion gap the same month of the previous year and slightly above market expectations of a $25 billion gap. Receipts slumped 8.9 percent to $319 billion and outlays fell 4.7 percent to $347 billion.

The number of Americans filing for unemployment benefits increased by 10 thousand to 247 thousand in the week ended January 7th 2017, below market expectations of 255 thousand. It is the 97th consecutive week of initial claims below 300,000, the longest streak since 1970. Yet, the 4-week moving average that removes week-to-week volatility fell by 1.75 thousand to 256.5 thousand.

The trade gap in the United States increased by $2.9 billion to $45.2 billion in November of 2016, from a downwardly revised $42.4 billion in October and above market expectations of $42.5 billion shortfall. It was the biggest trade deficit since February. Exports fell 0.2 percent, due to lower shipments of civilian aircraft. In contrast, imports rose 1.1 percent and reached the highest level in 15 months, driven by crude oil purchases.

Non Farm Payrolls in the US increased by 156 thousand in December of 2016, lower than upwardly revised 204 thousand in November and below market expectation of 178 thousand. Job growth occurred in health care and social assistance. Job growth totaled 2.2 million in 2016, less than the increase of 2.7 million in 2015.

US unemployment rate rose to 4.7 percent in December 2016 from a nine-year low of 4.6 percent in the previous month and in line with market expectations. The number of unemployed persons was nearly unchanged at 7.5 million while the labor force participation rate increased by 0.1 percentage point to 62.7 percent.

The ISM Non-Manufacturing PMI index came in at 57.2 in December of 2016, the same as in the previous month and above market expectations of 56.6. It is the highest figure since October of 2015 as new orders increased while business activity and employment eased and price pressures went up.

The number of Americans filing for unemployment benefits decreased by 28 thousand to 235 thousand in the week ended December 31st from the previous week's revised level of 263 thousand. The figure came in way below market expectations of 260 thousand and was close to the 233 thousand touched in mid-November, which was the lowest level since November 1973.

The Federal Reserve might need to raise rates faster than previously anticipated as the "undershooting” of the unemployment rate might help return inflation to the 2 percent target. Policymakers emphasized their uncertainty about the timing, size, and composition of any future fiscal and other economic policy initiatives, minutes from FOMC meeting held on December 13-14 showed. The Fed last hiked the target for the federal funds rate by 25 basis points to between 0.50 percent and 0.75 percent in December.

The Institute for Supply Management’s Manufacturing PMI rose to 54.7 in December of 2016 from 53.2 in November, beating market expectations of 53.6. It is the highest reading since December of 2014 as new orders, production and employment all registered new highs for the year 2016.

The final Markit US Manufacturing PMI increased to 54.3 in December of 2016 from a preliminary reading of 54.2 and 54.1 in November. It is the highest value since March of 2015, boosted by rises in new orders and production volumes and the fastest upturn in payroll numbers since June of 2015.

The number of Americans filing for unemployment benefits decreased by 10 thousand to 265 thousand in the week ended December 24th from the previous week's unrevised level of 275 thousand. The figure came in slightly above market expectations of 264 thousand.

The final reading of the University of Michigan's consumer sentiment for the United States rose to 98.2 in December 2016 compared to a preliminary figure of 98 and a final 93.8 in November. It was the highest reading since January 2004, as consumers expected a favorable impact of Trump's policies on the economy.

Sales of new single-family houses in the United States jumped 5.2 percent to a seasonally adjusted annual rate of 592,000 in November of 2016, beating market expectations of a 2.1 percent increase. It is the highest figure in four months.

Personal sending in the United States rose 0.2 percent in November from October of 2016, following an upwardly revised 0.4 percent gain in the previous period. It is the lowest rise since a flat reading in March and below market expectations of a 0.3 percent increase. Personal income was flat, the worst performance since a 0.1 percent drop in February.

New orders for US manufactured durable goods decreased by 4.6 percent month-over-month in November 2016, following a 4.8 percent gain in October and slightly better than market expectations of a 4.7 percent fall. It was the first decline in five months and the sharpest drop since August 2014, mainly dragged by transport equipment orders.

The number of Americans filing for unemployment benefits increased by 21 thousand to 275 thousand in the week ended December 17th from the previous week's unrevised level of 254 thousand. The figure came above market expectations of 256 thousand to hit the highest level since the week ended June 11th.

The US economy advanced an annualized 3.5 percent on quarter in the three months to September of 2016, up from 1.4 percent growth in the previous period and better than a 3.2 percent expansion in the second estimate. It is the highest growth rate in two years as personal consumption, investment in structures and intellectual property products and government expenditure rose faster than anticipated and exports were boosted by boom in soybean shipments.

Housing starts in the United States fell 18.7 percent from the previous month to a seasonally adjusted annualized rate of 1090 thousand in November 2016, way below market expectations of 1230 thousand. Single-family housing starts dropped 4.1 percent and those for the volatile multi-family segment tumbled 45.1 percent. Housing starts decreased in all four regions.

The seasonally adjusted Markit Flash US Manufacturing PMI rose to 54.2 in December 2016 from 54.1 in the previous month and in line with market expectations. It was the strongest reading since March 2015, as employment rose further and stocks of inputs accumulated at the fastest pace since the survey began in May 2007.

Consumer prices in the United States increased by 1.7 percent year-on-year in November 2016, following a 1.6 percent rise in October and in line with market expectations. It was the highest inflation rate since October 2014, mainly boosted by higher energy cost while food prices continued to fall.

The number of Americans filing for unemployment benefits decreased by 4 thousand to 254 thousand in the week ended December 10th from the previous week's unrevised level of 258 thousand. The figure came in below market expectations of 255 thousand to hit the lowest level in three weeks.

The Federal Reserve raised the target federal funds rate by 25 basis points to between 0.50 percent and 0.75 percent during its December 2016 meeting, as widely expected. The policymakers also projected a three quarter-point increases for 2017, up from two previously two.

Industrial production in the United States fell 0.4 percent month-over-month in November 2016, following an upwardly revised 0.1 percent gain in October and worse than market expectations of a 0.2 percent drop. It was the largest decline since March, due to a steep decrease in utility output and a dip in manufacturing.

Retail sales in the United States edged up 0.1 percent month-over-month in November 2016, following a downwardly revised 0.6 percent rise in the previous period. The figure came in below market expectations of a 0.3 percent gain, mainly dragged by lower sales of motor vehicles.

The US government posted a $137 billion budget deficit in November 2016, a 112 percent increase from a $65 billion gap the same month of the previous year, as outlays rose 25 percent to $337 billion while receipts fell 2 percent to $200 billion.

The preliminary reading of the University of Michigan's consumer sentiment for the United States increased to 98 in December 2016 from a final reading of 93.8 in November. It was the highest reading since January 2015, as consumers expected a positive impact of new economic policies following Donald Trump’s election.

The number of Americans filing for unemployment benefits decreased by 10 thousand to 258 thousand in the week ended December 3rd from the previous week's unrevised level of 268 thousand and in line with market expectations. It was the 92nd straight week that claims were below 300 thousand, the longest stretch since 1970.

The trade gap in the United States increased to $42.6 billion in October of 2016, up $6.4 billion from a downwardly revised $36.2 billion in September. Exports recorded the biggest decline since January due to lower shipments of food, industrial supplies and materials, automobiles, consumer goods and soybeans while imports reached the highest in 14 months.

The ISM Non-Manufacturing PMI index rose to 57.2 in November of 2016 from 54.8 in the previous month, beating market expectations of 55.4. It is the highest value since October last year, boosted by business activity and employment while new orders growth slowed.

US unemployment rate fell to 4.6 percent in November 2016 from 4.9 percent in the previous month and well below market expectations of 4.9 percent. It was the lowest jobless rate since August 2007, as the number of unemployed persons declined by 387 thousand to 7.4 million while the labor force participation rate decreased by 0.1 percentage point to 62.7 percent.

Total nonfarm payroll employment in the United States increased by 178,000 in November of 2016, more than a downwardly revised 142,000 in October and above market expectations of 175,000. Employment gains occurred in professional and business services and in health care.

The Institute for Supply Management’s Manufacturing PMI rose to 53.2 in November 2016 from 51.9 in October, above market expectations of 52.2. It was the highest reading in five months as new orders, production and inventories of raw materials came in stronger than in the previous month while employment growth slowed down.

The Final US Markit Manufacturing PMI increased to 54.1 in November of 2016 from 53.4 in October and above flash estimates of 53.9. It is the strongest reading since October last year as output rose the most in 20 months, payrolls increased and cost inflation slowed.

The number of Americans filing for unemployment benefits increased by 17 thousand to 268 thousand in the week ended November 26th from the previous week's level of 251 thousand. It is the highest figure since the last week of June and above market expectations of 253 thousand. However, it is the 91st consecutive weeks of initial claims below 300,000, the longest streak since 1970.

Personal consumption expenditures in the United States increased by 0.3 percent month-over-month in October 2016, easing from an upwardly revised 0.7 percent growth in September and below market expectations of 0.5 percent gain. Consumption of goods rose by 1.3 percent while spending on services fell by 0.2 percent.

The US economy advanced an annualized 3.2 percent on quarter in the three months to September of 2016, up from 1.4 percent growth in the previous period and better than a 2.9 percent expansion in the advance estimate. It is the highest growth rate in two years, as consumer spending, exports and investment in structures rose faster than anticipated while fixed investment fell more, according to the second estimate released by the Bureau of Economic Analysis.

Federal Reserve policymakers consider the case for a rate hike continued to strengthen and that it would be appropriate to raise rates relatively soon, depending on further evidence of progress on inflation and employment, minutes from FOMC meeting held on November 1-2 showed.

The final reading of the University of Michigan's consumer sentiment for the United States rose to 93.8 in November 2016 compared to a preliminary figure of 91.6 and a final 87.2 in October. It was the strongest reading since May this year, as consumers' expectations regarding their personal finances and prospects for the national economy improved sharply.

Sales of new single-family houses in the United States declined 1.9 percent to a seasonally adjusted annual rate of 563,000 in October of 2016, compared to market expectations of a 0.3 percent rise. Figures for the previous month were revised down by 19,000 to 574,000.

The flash Markit US Manufacturing PMI increased to 53.9 in November of 2016 from 53.4 in October and above expectations of 53.4. It is the highest reading since October last year as output growth and new orders accelerated and inventories increased.

New orders for US manufactured durable goods jumped 4.8 percent month-over-month in October of 2016, following an upwardly revised 0.4 percent gain in September and beating market expectations of a 1.5 percent increase. It is the biggest gain since October last year, mainly boosted by a 12 percent surge in transport equipment. Excluding transportation, new orders increased 1 percent and excluding defense, new orders went up 5.2 percent. Non-defense capital goods orders excluding aircrafts, a proxy for business spending increased 0.4 percent.

The number of Americans filing for unemployment benefits increased by 18 thousand to 251 thousand in the week ended November 19th from the previous week's revised level of 233 thousand. The figure came in slightly above market expectations of 250 thousand.

Housing starts in the United States climbed 25.5 percent from the previous month to a seasonally adjusted annualized rate of 1323 thousand in October 2016, way above market expectations of 1156 thousand. It was the highest reading since August 2007 and the biggest increase since July 1982, as single-family housing starts advanced 10.7 percent and those for the volatile multi-family segment soared 68.8 percent.

The number of Americans filing for unemployment benefits decreased by 19 thousand to 235 thousand in the week ended November 12th from the previous week's unrevised level of 254 thousand. The figure came in below market expectations of 257 thousand to hit the lowest level since November 1973.

Consumer prices in the United States went up 1.6 percent year-on-year in October of 2016, up from a 1.5 percent rise in September and in line with market expectations. It is the highest inflation rate since October of 2014, boosted by rising shelter and energy cost while food prices declined for the second month.

The case for a rate hike has strengthen as the economy appears on track to expand at a moderate pace sufficient to generate further strengthening in labor market and a return of inflation to the 2 percent objective over the next couple of years, Fed Chair Yellen said in a prepared remarks to Congress's Joint Economic Committee.

Industrial output in the United States was unchanged in October from September of 2016, following a 0.2 percent drop in the previous period and lower than market expectations of a 0.2 percent gain. Warmer-than-normal temperatures reduced the demand for heating, hurting utilities output and offsetting gains in mining and manufacturing.

Retail sales in the United States increased 0.8 percent month-over-month in October from September of 2016, following an upwardly revised 1 percent rise in the previous period. Figures beat market expectations of a 0.6 percent gain, mainly boosted by sales of motor vehicles.

The preliminary reading of the University of Michigan's consumer sentiment for the United States increased to 91.6 in November of 2016 from a final reading of 87.2 in October. It is the highest reading since June as consumers were more confident about future and present conditions and inflation expectations increased.

The US government posted a USD 44 billion budget deficit in October 2016, a 68 percent decrease from a USD 137 billion gap the same month of the previous year, as outlays fell 24 percent to USD 266 billion while receipts rose 5 percent to USD 222 billion.

The number of Americans filing for unemployment benefits decreased by 11 thousand to 254 thousand in the week ended November 5th from the previous week's unrevised level of 265 thousand. The figure came in below market expectations of 260 thousand to hit the lowest level in four weeks.

The US goods and services deficit decreased 9.9 percent mom to $36.44 billion in September of 2016, slightly lower than market expectations of a $37.8 billion gap. It was the lowest trade gap since February 2015, as imports fell by 1.3 percent to $225.6 billion to the lowest level since May while exports rose 0.5 percent mom to $189.2 billion to the highest since July of 2015.

Total nonfarm payroll employment in the United States increased by 161,000 in October of 2016, less than an upwardly revised 191,000 in September and below market expectations of 175,000. Employment continued to trend up in health care, professional and business services, and financial activities. So far this year, employment growth has averaged 181,000 per month, lower than an average monthly increase of 229,000 in 2015.

US unemployment rate fell to 4.9 percent in October 2016 from 5 percent in the previous month and in line with market expectations. The number of unemployed persons was almost unchanged at 7.9 million while the labor force participation rate decreased by 0.1 percentage point to 62.8 percent.

The ISM Non-Manufacturing PMI index fell to 54.8 in October of 2016 from 57.1 in September and below market expectations of 56. Activity, new orders and employment grew at a slower pace while prices increased for the seventh straight month.

The number of Americans filing for unemployment benefits rose by 7 thousand to 265 thousand in the week ended October 29th, above market expectations of 255 thousand and reaching the highest figure since August 6th. However, it is the 87th straight week of initial claims below 300 thousand, the longest streak since 1970.

The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the seventh time during its November 2016 meeting, saying the labor market has continued to strengthen and growth of economic activity has picked up. Policymakers also added that the case for an increase in the federal funds rate has continued to strengthen.

The Institute for Supply Management’s Manufacturing PMI rose to 51.9 in October 2016 from 51.5 in September, above market expectations of 51.7. It was the highest reading in three months, as employment rebounded sharply and output grew further, while new orders expanded at a slower pace.

The final IHS Markit Manufacturing PMI for the US increased to 53.4 in October 2016 from 51.5 in September and slightly better than the earlier flash reading of 53.2. It was the highest figure since October last year, as both production and new orders expanded at a faster pace and employment rose for the fortieth month in a row. Meanwhile, cost inflation went up to highest level for two years.

Consumer spending in the United States increased 0.5 percent in September from August of 2016, following a 0.1 percent fall in the previous period. It is the biggest gain in three months, in line with market expectations.

The final reading of the University of Michigan's consumer sentiment for the United States decreased to 87.2 in October of 2016 from a preliminary reading of 87.9 and a final of 91.2 in September. It is the lowest reading since September of 2015 due to less favorable prospects for the national economy, with half of all consumers anticipating an economic downturn sometime in the next five years.

The United States economy expanded an annualized 2.9 percent in the third quarter of 2016, more than 1.4 percent in the previous period and beating market expectations of a 2.5 percent rise, the advance estimate from BEA showed. It is the strongest growth rate since the third quarter of 2014, as exports grew the most in nearly three years boosted by soybeans and inventories recovered while personal consumption slowed.

The number of Americans filing for unemployment benefits fell to 258 thousand in the week ended October 22nd, compared with the previous week's revised level of 261 thousand and above market expectations of 255 thousand. It was the first decline in three weeks and the 86th straight week of initial claims below 300 thousand, the longest streak since 1970.

New orders for US manufactured durable goods declined 0.1 percent month-over-month in September of 2016, following an upwardly revised 0.3 percent gain in August and compared to market expectations of a 0.1 percent increase. Excluding transportation, new orders increased 0.2 percent and excluding defense, new orders rose 0.7 percent. Non-defense capital goods orders excluding aircrafts, a proxy for business spending fell 1.2 percent, the biggest drop since February, following three months of gains.

Sales of new single-family houses in the United States rose 3.1 percent to a seasonally adjusted annual rate of 593,000 in September of 2016, compared to market expectations of a 1 percent decline. Figures for the previous month were revised down by 34,000 to 575,000.

The flash IHS Markit Manufacturing PMI for the US increased to 53.2 in October of 2016 from 51.5 in September, beating market expectations of 51.5. It is the highest figure since October last year, boosted by stronger output and new business growth.

The number of Americans filing for unemployment benefits rose to 260,000 in the week ended October 15th, above market expectations of 250,000 and reaching the highest in five weeks. Yet, it marks the 85th consecutive week initial claims are below 300,000, the longest streak since 1970 and signaling the labour market strength.

Housing starts in the United States tumbled 9 percent to a seasonally adjusted annualized rate of 1047 thousand in September from August of 2016, below market expectations of 1175 thousand. It is the lowest figure since March of 2015, due to a fall in construction of multifamily homes. In contrast, building permits rose 6.3 percent to 1225 thousand, beating expectations of 1165 thousand.

Consumer prices in the United States went up 1.5 percent year-on-year in September of 2016, higher than 1.1 percent in August and in line with market expectations. It is the highest inflation rate since October of 2014 boosted by robust gains in shelter and a smaller drop in energy prices while food cost fell for the first time in more than six years.

Industrial output in the United States increased 0.1 percent month-over-month in September of 2016, following an upwardly revised 0.5 percent fall in August and below market expectations of a 0.2 percent gain. Manufacturing and mining rebounded while utilities fell. For the third quarter as a whole, industrial production rose at an annual rate of 1.8 percent for its first quarterly increase since the third quarter of 2015.

The US government posted a USD 33 billion budget surplus in September of 2016, a 63.7 percent fall from a USD 91 billion surplus in the same month a year earlier but above market expectations of a USD 25 billion surplus. For the 2016 fiscal year, the country's budget deficit widened to USD 587 billion or 3.2 percent of the GDP, the highest in three years.

The preliminary reading of the University of Michigan's consumer sentiment for the United States fell to 87.9 in October of 2016 from 91.2 in September. It is the lowest figure since September last year and well below market expectations of 91.9, hurt by a fall in future expectations.

Retail sales in the United States increased 0.6 percent on the month in September of 2016, following a downwardly revised 0.2 percent drop in August and in line with market estimates. It is the best performance in three months, mainly boosted by auto sales and spending in grocery stores and gasoline stations.

The number of Americans filing for unemployment benefits was flat at 246,000 in the week ended October 8th, the lowest in 43 years and below market expectations of 254,000. It marks the 84th consecutive week initial claims are below 300,000, the longest streak since 1970 and signaling the labour market strength.

Fed's decision to leave the target for the federal funds rate on hold in September was a close call and policymakers generally agreed that the case for a rate hike had strengthened in recent months, minutes from FOMC meeting held on September 20-21st showed.

US unemployment rate increased to 5 percent in September 2016, compared to 4.9 percent in the previous month and missing market expectations of 4.9 percent. It was the highest jobless rate since April, as the number of unemployed persons rose by 90 thousand to 7.9 million while the labor force participation rate edged up by 0.1 percentage point to 62.9 percent.

Total nonfarm payroll employment in the United States increased by 156,000 in September of 2016, lower than an upwardly revised 167,000 in August but below market expectations of 175,000. It is the lowest payroll figure in 4 months. Employment gains occurred in professional and business services and in health care. So far this year, job growth has averaged 178,000 per month, compared with an average of 229,000 per month in 2015.

The number of Americans filing for unemployment benefits fell by 5,000 to 249,000 in the week ended October 1st, below market expectations of 257,000 and reaching the lowest figure since mid-April. The four-week average, which smooths out week-to-week volatility in the claims data, dropped to 253,500, the lowest since 1973.

The ISM Non-Manufacturing PMI index jumped 5.7 percentage points to 57.1 percent in September of 2016 after slumping to a 6-1/2-year low of 51.4 in August. It is the highest reading since October and well above market expectations of 53 as business activity, new orders and employment all expanded at a faster pace.

The US goods and services deficit increased 3 percent mom to $40.73 billion in August of 2016. Figures came slightly worse than market expectations of a $39.3 billion gap as imports jumped to the highest since September last year and exports reached the highest in 13 months.

The Institute for Supply Management’s Manufacturing PMI rose to 51.5 in September 2016 from 49.4 in August, way above market expectations of 50.3. New orders and production rebounded sharply while employment contracted at a slower pace.

The seasonally adjusted Markit final US Manufacturing PMI fell to 51.5 in September 2016 from 52 in the previous month, but better than the earlier flash reading of 51.4. It was the weakest reading in three months, as output and new orders expanded at a slower pace while new export sales dropped for the first time in four months.

The final reading of the University of Michigan's consumer sentiment for the United States increased to 91.2 in September of 2016 from a preliminary reading of 89.8 and a final of 89.8 in the previous month. It is the highest reading in three months and better than market expectations of 90. Consumers were more confident about the future and less pessimistic over current conditions than initially anticipated.

Consumer spending in the United States was flat in August from July of 2016, after rising an upwardly revised 0.4 percent in the previous period. It is the worst performance in five months and worse than market expectations of a 0.1 percent gain.

The number of Americans filing for unemployment benefits increased by 3,000 to 254,000 in the week ended September 24th compared with the previous week's revised level of 251,000 and below market expectations of 260,000. The four-week average, which smooths out week-to-week volatility in the claims data, dropped to 256,000, matching an April reading as the lowest average since 1973.

The US economy expanded an annualized 1.4 percent on quarter in the three months to June of 2016, better than a second estimate of 1.1 percent. It is the strongest growth rate in three quarters. Consumer spending continued to boost growth although it expanded less than expected while exports rose at a faster pace and business investment posted the first gain in three quarters.

New orders for US manufactured durable goods were unchanged in August from July of 2016, following a downwardly revised 3.6 percent gain in the previous period and better than market expectations of a 1.4 percent fall. Yet, non-defense capital goods orders excluding aircrafts, a proxy for business spending increased 0.6 percent, the third consecutive gain.

Sales of new single-family houses in the United States fell 7.6 percent to a seasonally adjusted annual rate of 609,000 in August of 2016, better than market expectations of an 8.8 percent decline. Figures for the previous month were revised up by 5,000 to 659,000, the highest since 2007.

The flash Markit manufacturing PMI for the United States declined to 51.4 in September of 2016 from 52 in August and below market expectations of 51.9. New business growth eased further, output slowed and export orders fell for the first time in four months while payrolls increased.

The number of Americans filing for unemployment benefits fell by 8,000 to 252,000 in the week ended September 17th 2016. It is the lowest figure in two months and below market expectations of 262,000. It marks the 81st consecutive week initial claims are below 300,000, the longest streak since 1970 and signaling the labour market strength.

The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the sixth time during its September 2016 meeting. Policymakers said that the case for a rate hike has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives. Three out of ten members voted for a rate hike.

Housing starts in the United States shrank 5.8 percent to a seasonally adjusted annualized rate of 1142 thousand in August from July of 2016, after rising a downwardly revised 1.4 percent in the previous period. Figures came much worse than market expectations of a 1.7 percent decline, reaching the lowest in three months. Permits for future construction fell 0.4 percent to 1139 thousand.

The preliminary reading of the University of Michigan's consumer sentiment for the United States was unchanged at 89.8 in September of 2016 from 89.8 in the previous month. Figures came below market expectations of 90.8, mainly due to less favorable current conditions while future expectations regarding the overall economy improved.

Consumer prices in the United States went up 1.1 percent year-on-year in August of 2016, higher than 0.8 percent in July and above market forecasts of a 1 percent gain. It is the biggest inflation figure in four months, boosted by rising shelter and medical cost.

Industrial production in the United States declined 0.4 percent in August from July of 2016, following a downwardly revised 0.6 percent gain in the previous month and worse than market expectations of a 0.3 percent fall. Manufacturing and utilities output declined while mining went up for the fourth straight month.

Retail sales in the United States declined 0.3 percent in August from July of 2016, following an upwardly revised 0.1 percent gain in the previous period. Figures came worse than market expectations of a 0.1 percent fall, mainly due to lower auto sales. Excluding autos, retail sales edged down 0.1 percent.

The number of Americans filing for unemployment benefits increased by 1,000 to 260,000 in the week ended September 10th compared with the previous week's unrevised level of 259,000 and below market expectations of 265,000. The four-week average, seen as a better measure of labor market trends as it removes week-to-week volatility, dropped to a five-week low of 260,750.

The US government posted a USD 107 billion budget gap in August 2016, a 67 percent rise from a USD 64 billion deficit in the same month a year earlier and in line with market expectations of a USD 108 billion gap. Outlays rose 23 percent to USD 338 billion while receipts increased at a slower 9.5 percent to USD 231 billion.

The number of Americans filing for unemployment benefits fell by 4 thousand to 259,000 in the week ended September 3rd 2016. Figures came below market expectations of 265,000, reaching the lowest since mid-July. The 4-week moving average, seen as a better measure of labor market trends as it removes week-to-week volatility, fell by 1,750 to 261,250.

The ISM Non-Manufacturing PMI index fell 4.1 percentage points to 51.4 percent in August of 2016 from 55.5 in July, well below market expectations of 55. It is the lowest reading since February of 2010 as activity, new orders and employment all slowed.

The trade gap in the United States declined to USD 39.47 billion in July of 2016 from an upwardly revised USD 44.66 billion deficit in the previous month and below market expectations of a USD 42.7 billion shortfall. Imports declined 0.8 percent while exports rose 1.9 percent to the highest level since September 2015.

Total nonfarm payroll employment in the United States increased by 151,000 in August of 2016, much lower than an upwardly revised 275,000 in July and below market expectations of 180,000. It is the lowest figure in four months, with employment rising in service-providing industries but falling in manufacturing, mining and construction.

US unemployment rate was recorded at 4.9 percent in August 2016, unchanged from the previous two months while missing market expectations of 4.8 percent. The number of unemployed persons was flat at 7.8 million and the labor force participation rate stood at 62.8 percent.

The Institute for Supply Management’s Manufacturing PMI came in at 49.4 in August of 2016, down from 52.6 in July. The figure came much worse than market expectations of 52, reaching the lowest in seven months, as new orders, production and employment all contracted.

The final Markit US Manufacturing PMI came in at 52 in August of 2016, down from 52.1 in the preliminary estimate and 52.9 in July. Output growth was unchanged from July’s eight-month high while new orders and employment slowed and input price inflation eased.

The number of Americans filing for unemployment benefits increased by 2,000 to 263,000 in the week ended August 27th compared with the previous week's unrevised level of 261,000 and below market expectations of 265,000. The four-week average, seen as a better measure of labor market trends as it removes week-to-week volatility, dropped to a three-week low of 263,000.

Consumer spending in the United States increased 0.3 percent in July from June of 2016, slowing from an upwardly revised 0.5 percent gain in the previous period but matching market expectations. It is the fourth straight month of gains, mainly boosted by spending for new vehicles and suggesting robust consumer demand. Income rose at a faster 0.4 percent, also in line with forecasts.

The US economy continues to expand and the case for raising the interest rate has strengthened in recent months, Fed Chair Yelllen said in a speech at the Jackson Hole Symposium, suggesting a rate hike this year is still on the table.

The University of Michigan's consumer sentiment for the United States came in at 89.8 in August 2016, compared to a preliminary reading of 90.4 and below 90 in July. It was the lowest reading since April, mainly due to less favorable current conditions while future expectations regarding the overall economy improved slightly, final figures showed. Meanwhile, long term inflation expectations fell to the lowest level ever recorded.

The US economy expanded an annualized 1.1 percent on quarter in the three months to June of 2016, down from a 1.2 percent growth in the advance estimate. Net trade contribution was lower than anticipated and the fall in inventories was steeper than expected while consumer spending rose at a faster pace, according to the second estimate released by the Bureau of Economic Analysis.

New orders for US manufactured durable goods jumped 4.4 percent in July from June of 2016, recovering from an upwardly revised 4.2 percent drop in the previous period. It is the first increase in three months and the biggest gain since October last year, beating market expectations of a 3.3 percent rise. Non-defense capital goods orders excluding aircrafts, a proxy for business spending increased 1.6 percent, the second consecutive gain.

The number of Americans filing for unemployment benefits decreased by 1,000 to 261,000 in the week ended August 20th compared with the previous week's unrevised level of 262,000. The figure came in below market expectations of 265,000 to hit its lowest level in five weeks.

Sales of new single-family houses in the United States surged 12.4 percent to a seasonally adjusted annual rate of 654,000 in July of 2016. It is the highest figure since October of 2007 and much better than market expectations of 580,000. Figures for June were revised down by 10,000 to 582,000.

The Markit Flash US Manufacturing PMI came in at 52.1 in August of 2016, down from 52.9 in the previous month and lower than market expectations of 52.7. Production continued to expand although new orders growth slowed despite a faster increase in export sales and job creation also eased.

The number of Americans filing for unemployment benefits decreased by 4,000 to 262,000 in the week ended August 13th, 2016. It is the lowest figure in four weeks and better than market expectations of 265,000. It marks the 76th consecutive week initial claims are below 300,000, the longest streak since 1970 and signaling the labour market strength.

Fed policymakers considered that near-term risks to the US outlook had diminished although the UK vote to leave the EU and other developments abroad still impart uncertainty. As a result, Fed officials decided to leave policy options open and maintain the flexibility to adjust rates based on incoming information, thus leaving the door open for a rate hike this year, minutes from FOMC meeting held on July 26-27th showed.

Industrial output in the United States went up 0.7 percent in July from June of 2016, following a downwardly revised 0.4 percent gain in the previous period and better than market expectations of a 0.3 percent increase. It is the biggest rise since November of 2014 boosted by a 0.5 percent growth in manufacturing.

Housing starts in the Unites States rose 2.1 percent to a seasonally adjusted annual rate of 1211 thousand in July 2016 compared to a downwardly revised 1186 thousand in the previous month. The figure came in above market expectations of 1180 thousand to hit the highest level since February, as building activity increased across the board. Housing starts rose the most in the Northeast.

Consumer prices in the United States rose 0.8 percent year-on-year in July of 2016, following a 1 percent increase in the previous two months and below market expectations of 0.9 percent. It is the lowest inflation figure since December last year as shelter cost rose at a slower pace, food inflation eased to a fresh 6-1/2-year low and energy cost fell further.

The University of Michigan's consumer sentiment for the United States came in at 90.4 in August 2016 from 90 in July but well below market expectations of 91.5, preliminary figures showed. Consumer expectations improved firmly while current conditions deteriorated.

Retail sales in the United States were flat in July from June 2016 compared to an upwardly revised 0.8 percent gain in the previous period while missing market expectations of 0.4 percent rise.

The number of Americans filing for unemployment benefits decreased by 1,000 to 266,000 in the week ended August 6th compared with the previous week's revised level of 267,000. The figure came in above market expectations of 265,000. This marks 75 consecutive weeks of initial claims below 300,000, the longest streak since 1970.

The US government posted a USD 113 billion budget gap in July 2016, a 24 percent drop from a USD 149 billion deficit in the same month a year earlier, as outlays fell 14 percent to USD 323 billion while receipts declined at a slower 7 percent to USD 210 billion.

The trade gap in the United States widened to USD 44.5 billion in June of 2016 from a downwardly revised USD 40.96 billion deficit in the previous month. Figures came above market expectations of a USD 43.1 billion shortfall as imports rose 1.9 percent due to higher oil prices and rising domestic demand while exports edged up only 0.3 percent.

Total nonfarm payroll employment in the United States increased by 255,000 in July of 2016, lower than a upwardly revised 292,000 in June, but above market expectations of 180,000. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down.

US unemployment rate came in at 4.9 percent in July 2016 unchanged from the June rate and above market expectations of 4.8 percent. The number of unemployed persons was essentially unchanged at 7.8 million.

The number of Americans filing for unemployment benefits increased by 3,000 to 269,000 in the week ended July 30th compared with the previous week's unrevised level of 266,000. The figure came in above market expectations of 265,000.

The ISM Non-Manufacturing PMI index fell 1 percentage points to 55.5 percent in July 2016 from 56.5 in June, below market expectations of 56. Business activity and employment expanded at a slower pace while new orders increased further.

The Institute for Supply Management’s Manufacturing PMI came in at 52.6 in July 2016, down 0.6 p.p. from 53.2 in June. The figure came in below market expectations, but was pointing to the fifth consecutive month of growth in factory activity as 12 of our 18 industries reported an increase in new orders and 9 of our 18 industries reported a rise in production.

The seasonally adjusted Markit final U.S. Manufacturing PMI came in at 52.9 in July 2016, up from 51.3 in the previous month and unchanged from the earlier flash reading. It was the highest value since October last year, mainly driven by stronger rates of output, new order and employment growth.

The University of Michigan's consumer sentiment for the United States came in at 90 in July 2016, slightly up from a preliminary reading of 89.5 but well below 93.5 in June. It is the lowest reading since April as both current conditions and future expectations worsened, final figures showed.

The US economy advanced an annualized 1.2 percent on quarter in the three months to June of 2016, following a downwardly revised 0.8 percent growth in the first three months of the year and well below market expectations of a 2.6 percent expansion, the advance estimate released by the Bureau of Economic Analysis showed. Consumer spending was the main driver of growth while investment slumped and inventories fell for the first time since 2011.

The number of Americans filing for unemployment benefits increased by 14,000 to 266,000 in the week ended July 23rd compared with the previous week's downwardly revised level of 252,000. The figure came above market expectations of 260,000, the highest in four weeks. However, the four-week moving average fell to 256,500, the lowest since April.

The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the fifth time during its July 2016 meeting. Policymakers said that the labor market strengthened and near-term risks to growth decreased, suggesting a rate hike is still possible this year although dependent on incoming economic data.

New orders for US manufactured durable goods slumped 4 percent in June from May of 2016, following an upwardly revised 2.8 percent drop in the previous period. It is the biggest fall since August of 2014 and much worse than market expectations of a 1.1 percent decline, dragged down mainly by transport equipment. However, non-defense core capital goods orders, a proxy for business spending edged up 0.2 percent, recovering from a 0.5 percent decline in May.

Sales of new single-family houses in the United States jumped 3.5 percent to a seasonally adjusted annual rate of 592,000 in June of 2016. It is the highest figure since February of 2008 and better than market expectations of 560,000 boosted by sales in the West and the Midwest.

The Markit Flash US Manufacturing PMI came in at 52.9 in July of 2016, up from 51.3 in June and much better than market expectations of 51.6. It is the highest reading since October last year as output and new business growth accelerated and payrolls rose the most in 12 months.

The number of Americans filing for unemployment benefits decreased by 1,000 to 253,000 in the week ended July 16th compared with the previous week's unrevised level of 254,000. The figure came in way below market expectations of 265,000 and hit its lowest level since April.

US housing starts jumped 4.8 percent to a seasonally adjusted annualized rate of 1189 thousand in June from May of 2016, after falling an upwardly revised 1.7 percent in the previous period. Figures came much better than market expectations of a 0.5 percent gain, reaching the highest in four months, as groundbreaking on single-family homes rebounded.

The University of Michigan's consumer sentiment for the United States came in at 89.5 in July 2016, down from 93.5 in June and well below market expectations of 93.5. It is the lowest reading since April as current conditions worsened, the future outlook reached the lowest since September of 2014 and inflation expectations rose, preliminary figures showed.

Industrial production in the United States increased 0.6 percent in June from May 2016, recovering from a downwardly revised 0.3 percent drop in the previous period and better than market expectations of a 0.2 percent gain. It was the biggest gain since July last year, as output of manufacturing, mining and utilities moved up.

Retail sales in the United States advanced 0.6 percent in June from May 2016, following a downwardly revised 0.2 percent gain in the previous period and beating market expectations of 0.1 percent rise. It was the third straight month of gains as sales of motor vehicles, furniture and building material rebounded.

Consumer prices in the United States increased 1 percent year-on-year in June of 2016, the same as in the previous month and slightly below market expectations of a 1.1 percent rise. Inflation accelerated for shelter and medical care and energy prices fell at a slower pace while food inflation reached the lowest in more than 6 years.

The number of Americans filing for unemployment benefits held steady at 254,000 in the week ended July 9th, the lowest since early April. Figures came better than market expectations of 265 thousand, suggesting further labour market strength. It is the 71st straight week initial claims are below 300,000, the longest streak since 1973.

The United States recorded a USD 6 billion budget surplus in June of 2016, much lower than a USD 50 billion surplus a year earlier and market expectations of USD 24 billion. Outlays rose 10.6 percent while receipts fell 3.8 percent.

Total nonfarm payroll employment in the United States increased by 287,000 in June of 2016, much higher than a downwardly revised 11,000 in May when a strike in Verizon led to job losses in information. Figures came well above market expectations of 175,000, easing concerns about labour market strength. Job growth occurred in leisure and hospitality, health care and social assistance, financial activities and information, largely reflecting the return of workers from the strike.

US unemployment rate went up to 4.9 percent in June 2016 after falling by 0.3 p.p. to 4.7 percent in the previous month. The figure came in worse than market expectations, as more people entered the labor force. The number of unemployed persons increased by 347,000 to 7.8 million, offsetting declines in May and bringing both measures back in line with levels that had prevailed from August 2015 to April.

The number of Americans filing for unemployment benefits fell 16,000 to 254,000 in the week ended July 2nd, the lowest in eleven weeks. Figures came better than market expectations of 270 thousand, suggesting labour market strength. It is the 70th straight week initial claims are below 300,000, the longest streak since 1973.

Fed policymakers decided to wait for additional labor market data and the impact of upcoming referendum in the United Kingdom on global financial markets before rising the rates, minutes from FOMC meeting held on June 14-15th showed.

The ISM Non-Manufacturing PMI index went up 3.6 percentage points to 56.5 percent in June of 2016, up from 52.9 in May and well above market expectations of 53.3. It is the highest reading since November last year, boosted by new orders and new business and a recovery in employment.

The trade gap in the United States widened to USD 41.14 billion in May of 2016 from a USD 37.4 billion deficit in the previous month. Figures came worse than market expectations of a USD 40 billion shortfall as exports shrank 0.2 percent hurt by a stronger dollar and imports rose 1.6 percent due to higher oil prices.

The Institute for Supply Management’s Manufacturing PMI came in at 53.2 in June of 2016, up from 51.3 in May and well above market expectations of 51.4. It is the highest reading since February of 2015 as new orders growth accelerated and employment expanded for the first time since November.

The final Markit Manufacturing PMI for the United States came in at 51.3 in June of 2016, slightly below a preliminary reading of 51.4 but above 50.7 in May. Yet, it is still the highest reading in three months. Production increased and new business grew the most since March while payroll numbers expanded moderately and stocks of purchases fell further.

The number of Americans filing for unemployment benefits increased by 10,000 to 268,000 in the week ended June 25th compared with the previous week's revised level of 258,000. The figure came in slightly above market expectations of 267,000.

Consumer spending in the United States rose 0.4 percent in May from April of 2016, following an upwardly revised 1.1 percent increase in the previous period. It is the second straight month of gains, in line with market expectations, boosted by demand for both goods and services. Income rose 0.2 percent, below expectations of a 0.3 percent increase.

The US economy expanded an annualized 1.1 percent on quarter in the first three months of 2016, higher than a second estimate of 0.8 percent, according to final figures released by the Bureau of Economic Analysis. Consumer spending continued to boost growth although it expanded less than expected while exports and software investment rebounded.

The University of Michigan's consumer sentiment for the United States came in at 93.5 in June 2016, down from a preliminary reading of 94.3 and a final of 94.7 in the previous month. Consumers were less optimistic about current conditions and future economic prospects.

New orders for US manufactured durable goods shrank 2.2 percent in May from April of 2016, following a downwardly revised 3.3 percent rise in the previous period. Figures came worse than market expectations of a 0.5 percent decline, dragged down mainly by transport equipment. Core capital goods orders, a proxy for business spending fell 0.7 percent.

New US single-family home sales fell 6 percent to 551,000 in May of 2016 compared to market expectations of 560,000. The April's sales was downwardly revised to 586,000 units, but still remained the highest since February 2008. The pace points to a healthy growth in the housing sector helped by consistent employment gains and ultra-low mortgage rates.

The flash Markit Manufacturing PMI in the United States came in at 51.4 in June of 2016, up from 50.7 in the previous month and beating market expectations of 50.8. It is the highest figure in three months. New business growth accelerated helped by fastest rise in export sales since September of 2014 and output levels increased.

The number of Americans filing for unemployment benefits decreased by 18,000 to 259,000 in the week ended June 18th compared with the previous period's unrevised reading of 277,000. The figure came in below market expectations of 270,000, hitting its lowest level in eight weeks.

A cautious approach to monetary policy remains appropriate amid a hiring slowdown and uncertain economic outlook, Fed Chair Yellen said in a testimony before the Senate Banking Committee.

U.S. housing starts slipped 0.3 percent in May to a seasonally adjusted annual rate of 1164 Thousand as groundbreaking for multi-family housing units declined 1.2 percent to a 400 Thousand and on single-family homes rose 0.3 percent to a 764 Thousand.

The number of Americans filing for unemployment benefits increased by 13,000 to 277,000 in the week ended June 11th 2016 from unrevised 264,000 in the previous period. It is the highest figure in four weeks and above market expectations of 270,000, marking the 67th consecutive week of initial claims below 300,000, the longest streak since 1973.

Consumer prices in the United States went up 1 percent year-on-year in May of 2016, slowing slightly from a 1.1 percent rise in April. Figures came below market expectations of 1.1 percent as inflation for food and transportation services slowed while energy cost fell at a faster pace. Yet, core inflation accelerated slightly to 2.2 percent.

The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the fourth time during its June 2016 meeting. Yet, future rate assessment suggests policymakers still expect two interest-rate hikes this year. GDP growth forecasts were lowered for 2016 and 2017.

Industrial output in the United States declined 0.4 percent in May from April of 2016, following a downwardly revised 0.6 percent rise in the previous period and worse than market expectations of a 0.2 percent drop. Automobiles and electricity accounted the most for the decline, offsetting a rebound in coal mining.

Retail sales in the United States went up 0.5 percent in May from April of 2016, following a 1.3 percent rise in the previous period and above market expectations of a 0.3 percent increase. It is the second straight month of gains as 9 of 13 major categories showed increases in demand.

The United States recorded a budget gap of USD 53 billion in May 2016, down 38 percent from a USD 84 billion deficit in the same month a year earlier, as outlays fell 7 percent to USD 277 billion while receipts rose 6 percent to USD 225 billion.

The University of Michigan's consumer sentiment for the United States came in at 94.3 in June 2016, down from 94.7 in the previous month, but beating market expectations of 94. Consumers were less optimistic due to increased concerns about future economic prospects, while assessments of current economic conditions improved to its highest level since July 2005, preliminary estimates showed.

The number of Americans filing for unemployment benefits decreased for the fourth straight time to 264,000 in the week ended June 4th 2016 from an upwardly revised 268,000 in the previous period. It is the lowest figure in six weeks and below market expectations of 270,000, marking the 66th consecutive week of initial claims below 300,000, the longest streak since 1973.

The economic expansion in the US is expected to continue, with the labor market improving further, GDP growing moderately and inflation moving up to 2 percent over the next couple of years, despite disappointing Friday's labor market report, Fed Chair Yellen said in a speech at The World Affairs Council of Philadelphia. The current monetary policy stance is generally appropriate, in that it is providing support to the economy although the federal funds rate will probably need to rise gradually over time, Fed Chair added.

The ISM Non-Manufacturing PMI index decreased 2.8 percentage points to 52.9 percent in May of 2016, below market expectations of 55.5. It is the lowest reading since February 2014 as business activity and new orders growth slowed and employment fell after rising in the previous two months.

The US trade gap widened to USD 37.4 billion in April of 2016 from a downwardly revised USD 35.5 billion deficit in the previous month while below market expectations of USD 41.3 billion. Exports increased 1.5 percent to the largest since December last year, mainly driven by industrial supplies and materials sales. Imports rose at a faster 2.1 percent, due to higher purchases of capital goods.

Total nonfarm payroll employment increased by 38,000 in May of 2016, lower than a downwardly revised 123,000 in the previous month and well below market expectations of 164,000. Job growth occurred in health care while mining continued to lose jobs, and a strike in Verizon led to job losses in information.

The unemployment rate declined by 0.3 p.p. to 4.7 percent in May 2016 from 5 percent in April, beating market expectations of 4.9 percent. It was the lowest reading since November 2007, as the number of unemployed persons declined by 484,000 to 7.4 million and the labor force participation rate fell for the second month in a row.

The number of Americans filing for unemployment benefits was recorded at 267,000, a decrease of 1,000 from the previous week's unrevised level of 268,000, below market expectations of 270,000. This marks 65 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The Institute for Supply Management’s Manufacturing PMI came in at 51.3 in May of 2016, up from 50.8 in April and much better than market expectations of 50.4. The gauge of supplier deliveries jumped to 54.1, the highest level since December 2014 while new orders and production growth eased slightly and employment and inventories fell.

The final Markit US Manufacturing PMI came in at 50.7 in May of 2016, slightly up from 50.5 in the preliminary estimate but down from 50.8 in the previous month. It is the lowest figure since September of 2009 as output fell for the first time in more than 6-1/2-years, new work expanded at the slowest pace since December last year while job growth picked up and input cost inflation accelerated to a nine-month high.

Consumer spending in the United States rose 1 percent in April from March of 2016, after posting no growth in the previous period and much better than market expectations of a 0.7 percent gain. It is the highest growth since August of 2009 as consumption of nondurable goods rebounded. Meanwhile, personal income increased 0.4 percent, suggesting a robust and accelerating economic recovery.

The final University of Michigan's consumer sentiment for the United States came in at 94.7 in May of 2016, down from 95.8 in the preliminary release but higher than 89 in the previous month. Future expectations decreased while the current conditions index rose to its highest since January 2007.

The US economy expanded an annualized 0.8 percent on quarter in the first three months of 2016, better than a 0.5 percent increase initially estimated, according to the second estimate released by the Bureau of Economic Analysis. Consumption continued to boost growth as spending on home building increased more than expected and the drag from net trade and inventories was smaller. In contrast, business investment fell faster than anticipated.

The number of Americans filing for unemployment benefits decreased by 10,000 to 268,000 in the week ended May 21st compared to unrevised 278,000 in the previous period. Claims fell for the second time in five weeks, below market expectations of 275,000. It is the 64th consecutive week initial claims are below 300,000, the level associated with a healthy jobs market.

New orders for US manufactured durable goods surged 3.4 percent in April from March of 2016, following an upwardly revised 1.9 percent rise in the previous period and much better than market expectations of a 0.5 percent increase. It is the biggest gain since January, boosted by demand for transportation equipment. Excluding transportation, new orders rose 0.4 percent and without defense orders increased 3.7 percent. In contrast, capital goods orders fell 0.8 percent, down for the third straight month.

New US single-family home sales jumped 16.6 percent to a seasonally adjusted annual rate of 619,000 in April of 2016, much higher than an upwardly revised 531,000 in the previous month and compared to market expectations of 523,000. It is the highest reading since January of 2008 and the biggest gain since 1992.

The Markit Flash US Manufacturing PMI came in at 50.5 in May of 2016, lower than 50.8 in April and below market expectations of 51. Production declined for the first time since September of 2009 and new orders expanded at the slowest pace so far this year.

The number of Americans filing for unemployment benefits decreased by 16,000 to 278,000 in the week ended May 14th compared to a 15-month high of 294,000 in the previous period. Claims fell for the first time in four weeks, slightly higher than market expectations of 275,000. It is the 63rd consecutive week initial claims are below 300,000, the level associated with a healthy jobs market.

The Federal Reserve opened up the option of raising short-term interest rates at their next meeting based on how the incoming data and developments shaped their outlook for the labor market and inflation, minutes from April FOMC meeting showed. Policymakers agreed that the risks associated with global developments had diminished and that labor market conditions had improved further even as growth in economic activity had appeared to slow.

Industrial production in the United States went up 0.7 percent in April from March, rebounding from falls in the previous two months and beating market expectations of a 0.3 percent gain. It is the highest growth rate since November of 2014, led by gains in machinery and car manufacturing and utilities.

Housing starts in the Unites States rose 6.6 percent to a seasonally adjusted annual rate of 1172 thousand in April 2016, compared to an upwardly revised 1099 thousand in the previous month. The figure came in above market expectations of 1127 thousand, boosted by single-family housing starts.

Consumer prices in the United States went up 1.1 percent year-on-year in April of 2016, higher than a 0.9 percent rise in the previous month and in line with market expectations. The monthly index rose 0.4 percent, the biggest in three years, led by gains in gasoline prices and rents.

The University of Michigan's consumer sentiment for the United States came in at 95.8 in May of 2016, up from 89 in the previous month and above market expectations. It is the highest reading since June last year, as both future expectations and current conditions improved, preliminary estimates showed, suggesting a strength in consumer spending.

Retail sales in the Unites States rose 1.3 percent in April from March of 2016, compared to a 0.3 percent drop in the previous month and above market forecasts. It is the highest gain since March last year, mainly driven by auto sales, in a sign that economic growth could gain momentum in the second quarter.

The number of Americans filing for unemployment benefits increased by 20,000 to 294,000 in the week ended May 7th. Claims rose for the third straight week, reaching the highest since February last year and well above market expectations of 270,000. However, it is the 62nd consecutive week initial claims are below 300,000, the level associated with a healthy jobs market.

The United States recorded a budget surplus of USD 106 billion in April 2016, down 32 percent from a USD 157 billion surplus in the same month a year earlier, as outlays rose 5.4 percent to USD 332 billion while receipts fell 7.2 percent to USD 438 billion.

Unemployment rate in the United States was recorded at 5 percent in April 2016, unchanged from the March rate, as more people dropped out of the labor force while the number of unemployed persons was little changed at 7.9 million. The labor force participation rate fell for the first time since September.

Total nonfarm payroll employment increased by 160,000 in April of 2016, compared to a downwardly revised 208,000 in the previous month and market expectations of 202,000. It is the lowest figure since September last year. Employment gains occurred in professional and business services, health care, and financial activities, while mining continued to lose jobs.

The number of Americans filing for unemployment benefits increased by 17,000 to 274,000 in the week ended April 30th. Figures came above market expectations of 260,000, reaching the highest in five weeks. However, it is the 61st consecutive week initial claims are below 300,000, the level associated with a healthy jobs market.

The ISM Non-Manufacturing PMI index increased 1.2 percentage points to 55.7 percent in April of 2016, higher than market expectations of 54.7. Although business activity slowed, new orders expanded at a faster pace, employment grew for the second month and prices increased for the first time in three months, reflecting optimism over business and growth.

The US trade gap narrowed to USD 40.44 billion in March of 2016 from a downwardly revised USD 46.96 billion deficit in the previous month and below market expectations of USD 41.5 billion. It is the smallest gap since February last year as imports hit a 5-year low. Purchases of industrial supplies and materials fell to its smallest since April 2004 and imports of petroleum were the lowest since September 2002.

The Institute for Supply Management’s Manufacturing PMI came in at 50.8 in April of 2016, down from 51.8 in March and below market expectations of 51.4. Manufacturing activity in the US expanded for the second consecutive month although growth slowed as production, new orders and inventories declined while employment remained negative, suggesting the recovery is still fragile.

The final Markit Manufacturing PMI for the United States came in at 50.8 in April of 2016, matching preliminary estimates and down from 51.5 in the previous month. It is the lowest reading since September of 2009 as production and job creation grew marginally, new business expanded at the slowest pace so far this year, input cost increased while output prices decreased further.

The final University of Michigan's consumer sentiment for the United States came in at 89 in April of 2016, down from 91.0 in the previous month and lower than preliminary estimates of 89.7. It is the smallest reading since September as future expectations decreased to its lowest since September of 2014 and inflation rate for the next year is seen at a 7-month high.

Consumer spending in the United States edged up 0.1 percent in March from February of 2016, lower than an upwardly revised 0.2 percent gain in the previous month and below market expectations of a 0.2 percent rise. It is the lowest gain so far this year. Personal income grew at a faster 0.4 percent, compared to a downwardly revised 0.1 percent rise in February and market expectations of a 0.3 percent increase.

The number of Americans filing for unemployment benefits was 257,000 in the week ended April 23rd, an increase of 9,000 from the previous week's revised level of 248,000, better than market expectations of 260,000. This marks 60 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The US economy expanded an annualized 0.5 percent on quarter in the first three months of 2016, lower than a 1.4 percent expansion in the previous period, and below market expectations of 0.7 percent growth, according to the advanced estimate released by the Bureau of Economic Analysis. It is the weakest performance since the first quarter of 2014 when the economy contracted 0.9 percent as consumer spending slowed, the drag from trade and business inventories worsened and business investment fell for the third straight quarter.

The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the third time during its April 2016 meeting. Policymakers said labor market conditions improved but economic activity appears to have slowed although concerns regarding risks from global economic and financial developments to the US economy eased.

New orders for US manufactured durable goods increased 0.8 percent in March from February of 2016, rebounding from an upwardly revised 3.1 percent fall in the previous period but below market forecasts of a 1.8 percent rise. Excluding transportation, new orders dropped 0.2 percent and without defense orders fell 1 percent.

New US single-family home sales unexpectedly fell by 1.5 percent on the month to a seasonally adjusted annual rate of 511,000 in March of 2016, following a downwardly revised 0.4 percent drop in February and missing market expectations of 1 percent rise. The decline was led by a sharp drop in home sales in the West region.

The flash Markit Manufacturing PMI for the United States came in at 50.8 in April of 2016, down from 51.5 in the previous month and below market expectations of 52. It is the lowest reading since September of 2009 as production almost stagnated, new business growth slowed and job creation was the weakest since June of 2013.

The number of Americans filing for unemployment benefits was 247,000 in the week ended April 16th, a decrease of 6,000 from the previous week's unrevised level of 253,000, staying below market expectations of 263,000. It was the lowest reading since November 24, 1973 when it was recorded at 233,000.

Housing starts in the Unites States fell 8.8 percent to a seasonally adjusted annual rate of 1089 thousand in March of 2016, compared to an upwardly revised 1194 thousand in the previous month. It is the lowest reading since October last year and well below market expectations of 1170 thousand. Building permits slumped 7.7 percent, hitting a one-year low.

The University of Michigan's consumer sentiment for the United States came in at 89.7 in April of 2016 from 91 in the previous month and below market expectations of 92. It is the lowest reading since September of 2015, as both future expectations and current conditions deteriorated, preliminary estimates showed.

Industrial output in the United States declined 0.6 percent in March of 2016 from the previous month, following an upwardly revised 0.6 percent drop in February. Figures came worse than market expectations of a 0.1 percent decrease, as mining shrank the most since September of 2008 when production was curtailed because of hurricanes and utilities and manufacturing also fell. For the first quarter as a whole, industrial production shrank at an annual rate of 2.2 percent.

The number of Americans filing for unemployment benefits was 253,000 in the week ended April 9th, a decrease of 13,000 from the previous week's revised level of 266,000, and matching March 3rd level, which was the lowest since November 1973. Figures came below market expectations of 270,000, marking the 58th straight week claims are below 300,000, the level associated with a healthy jobs market.

Consumer prices in the United States rose 0.9 percent year-on-year in March of 2016, lower than 1 percent in the previous month and below market expectations of a 1.1 percent increase. Cost of shelter, medical care and food slowed while energy prices declined slightly more.

Retail sales in the United States declined 0.3 percent in March from February of 2016 after posting no growth in the previous period and compared to market expectations of a 0.1 percent increase, due to lower auto sales. Considering the first quarter of the year, retail sales declined 0.1 percent.

The United States recorded a budget deficit of USD 108 billion in March of 2016, compared with a USD 53 billion gap in the same month a year earlier and market expectations of a USD 104 billion shortfall. Outlays increased 17 percent and receipts declined 2.5 percent.

The number of Americans filling for unemployment benefits was 267,000 in the week ended April 2nd, a decrease of 9,000 from the previous week's level of 276,000. Figures came below market expectations of 270,000, marking the 57th straight week claims are below 300,000, the level associated with a healthy jobs market.

The Federal Reserve expects the US economy to expand at a moderate pace and labor market indicators to strengthen although global economic and financial developments continue to pose risks, minutes from March FOMC meeting showed.

The ISM Non-Manufacturing PMI index increased 1.1 percentage points to 55.5 percent in March of 2016, higher than market expectations of 54. It is the highest reading so far this year, boosted by increases in business activity, new orders and employment.

The US trade gap widened to USD 47.06 billion in February of 2016 from an upwardly revised USD 45.88 billion deficit in the previous month and above market expectations of USD 46.2 billion. It is the biggest gap in six months as imports rebounded and exports rose for the first time in five months.

The final University of Michigan's consumer sentiment for the United States came in at 91 in March of 2016, down from 91.7 in the previous month but better than a preliminary estimate of 90. Still, it was the lowest reading in five months, as both current and future expectations decreased while the 5 to 10 years inflation outlook went up.

The Institute for Supply Management’s Manufacturing PMI came in at 51.8 in March of 2016, up from 49.5 in February and above market expectations of 50.7. Manufacturing activity grew for the first time in six months as production, new orders and prices increased while employment declined.

The final Markit US Manufacturing PMI came in at 51.5 in March of 2016, slightly up from a preliminary reading of 51.4 and 51.3 in the previous month, boosted by a rise in new work and sustained employment.

Unemployment rate in the United States edged up to 5 percent in March 2016, from 4.9 percent in the previous month and compared with expectations that it would hold steady. The number of unemployed persons was little changed at 8 million.

Total nonfarm payroll employment increased by 215,000 in March of 2016, lower than an upwardly revised 245,000 in the previous month but beating market expectations of 205,000. Employment gains occurred in retail trade, construction, and health care, while job losses occurred in manufacturing and mining.

The number of Americans filling for unemployment benefits was 276,000 in the week ended March 26th, an increase of 11,000 from the previous week's level of 265,000. Figures came above market expectations of 265,000, reaching the highest in eight weeks.

It is appropriate for the Federal Reserve to proceed cautiously in adjusting interest rates due to uncertain growth and inflation outlook and markets turbulence, Chair Janet Yellen said in a speech at the Economic Club of New York. Fed Chair also added that achieving employment and inflation goals are likely to require a somewhat lower path for the federal funds rate than was anticipated in December.

Consumer spending in the United States edged up 0.1 percent in February from January of 2016, following a downwardly revised 0.1 percent gain in the previous period. Figures came in line with market forecasts as spending on durable goods went up 0.1 percent and services grew 0.4 percent while consumption of nondurables declined 1.1 percent. The personal consumption expenditure price index dropped 0.1 percent.

The US economy expanded an annualized 1.4 percent on quarter in the last three months of 2015, higher than a second estimate of 1 percent, according to final figures released by the Bureau of Economic Analysis. Consumer spending increased more than anticipated and the negative impact from trade came lower than expected while the drag from business inventories was larger.

The number of Americans filing for unemployment benefits was 265,000 in the week ended March 19th, an increase of 6,000 from the previous week's revised level of 259,000 while staying below market expectations of 268,000.

New orders for US manufactured durable goods shrank 2.8 percent in February from January of 2016, following a downwardly revised 4.2 percent gain in the previous month and compared to market expectations of a 2.9 percent decline. Excluding transportation, new orders dropped 1 percent and without defense orders fell 1.9 percent.

Sales of new single-family houses in February of 2016 were at a seasonally adjusted annual rate of 512,000, up 2 percent from last month and compared to market expectations of a 3.2 percent rise. Sales rebounded from a downwardly revised 7 percent drop in January, as home sales in the West surged but fell in the remaining three regions.

The flash Markit manufacturing PMI for the United States came in at 51.4 in March of 2016, slightly up from 51.3 in the previous month but lower than market expectations of 51.8. Output and new business increased at a slightly faster pace than in February while factory gate prices decreased for the second straight month.

The University of Michigan's consumer sentiment for the United States came in at 90 in March of 2016 from 91.7 in the previous month and hitting its lowest reading since October 2015, as both future expectations and current conditions deteriorated sharply. Markets were expecting the index to rise to 92.2.

The number of Americans filing for unemployment benefits was 265,000 in the week ended March 12th, an increase of 7,000 from the previous week's revised level of 258,000 while staying below market expectations of 268,000. This marks 54 consecutive weeks of initial claims below 300,000, the longest streak since 1973.

The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent for the second time during its FOMC meeting held in March 2016. Policymakers said economic activity has been expanding at a moderate pace but lowered GDP growth and inflation estimates for this year.

Industrial output in the United States declined 0.5 percent in February of 2016 from the previous month, following a downwardly revised 0.8 percent gain in January. Figures came worse than market expectations of a 0.3 percent drop as sizable declines in utilities and mining outweighed a gain of 0.2 percent for manufacturing.

Housing starts in the Unites States increased by a higher-than-expected 5.2 percent to a seasonally adjusted annual rate of 1178 thousand in February 2016, compared to an upwardly revised 1120 thousand in the previous month. It was the highest reading since September last year, boosted by starts of single-family houses and of buildings with five units or more. Meanwhile, building permits dropped 3.1 percent to 1167 thousand.

Consumer prices in the United States went up 1 percent year-on-year in February of 2016, slowing from a 1.4 percent increase in the previous month due to lower energy cost.

Retail sales in the United States edged down 0.1 percent in February of 2016 from the previous month, in line with market expectations and following a revised 0.4 percent drop in the previous month as receipts at gasoline stations shrank 4.4 percent and auto sales declined.

The United States recorded a budget deficit of USD 193 billion in February of 2016, compared with a USD 192 billion gap in the same month a year earlier and market expectations of a USD 200 billion shortfall.

The number of Americans filing for unemployment benefits was 259,000 in the week ended March 5th, a decrease of 18,000 from the previous week's revised level of 277,000 and hitting its lowest level since October 17th. The reading came in better than expected.

The US trade gap widened to USD 45.68 billion in January of 2016 from an upwardly revised USD 44.7 billion deficit in the previous month and above market expectations of USD 44 billion. Exports fell the most in six months, hitting the lowest in more than 5-1/2-year low and imports came back to contraction.

Total nonfarm payroll employment increased by 242,000 in February of 2016, higher than an upwardly revised 172,000 in the previous month and beating market expectations of 190,000. Employment gains occurred in health care and social assistance, retail trade, food services and drinking places, and private educational services. Job losses continued in mining.

Unemployment rate in the United States was recorded at 4.9 percent in February 2016, unchanged from the January rate and remaining at its lowest level since April of 2008, as the number of unemployed persons was unchanged. Over the year, the unemployment rate and the number of unemployed persons were down by 0.6 percentage point and 831,000, respectively.

The ISM Non-Manufacturing PMI index declined 0.1 percentage points to 53.4 percent in February of 2016 from 53.5 in the previous month and compared to market expectations of 53.2. It is the lowest reading since February of 2014 as new orders and prices decreased and employment contracted for the first time in two years.

The number of Americans filing for unemployment benefits was 278,000 in the week ended February 27th, an increase of 6,000 from the previous week's unrevised level of 272,000 and staying above market expectations of 271,000.

The Institute for Supply Management’s Manufacturing PMI came in at 49.5 in February of 2016, higher than 48.2 in January and above market expectations of 48.5. Manufacturing activity shrank for the fifth consecutive month although at a slower pace as production, employment and prices all increased.

The final Markit US manufacturing PMI came in at 51.3 in February of 2016, higher than a preliminary reading of 51 but the second-lowest reading since October of 2012. Growth in production volumes slowed to a 28-month low, job growth moderated to a five-month low and producer prices recorded the biggest decline since June of 2012.

Personal consumption expenditures increased sharply by 0.5 percent from preceding month in January of 2016 following an upwardly revised 0.1 percent growth in December while beating market expectations of 0.3 percent, boosted by higher purchases of durable goods (+1.2 percent) and services (+0.6 percent). Income went up 0.5 percent, compared to 0.3 percent in December and above forecasts, led by an increase of 0.6 percent in wages and salaries.

The final University of Michigan's consumer sentiment for the United States came in at 91.7 in February of 2016, down from 92 in the previous month but better than a preliminary estimate of 90.7. Both current and future expectations decreased and the 5 to 10 years inflation outlook eased.

The US economy expanded an annualized 1 percent on quarter in the last three months of 2015, higher than a preliminary figure of 0.7 percent, according to the second estimate released by the Bureau of Economic Analysis. Business inventories were revised higher and the negative impact from trade came lower than expected while consumer spending was revised down.

New orders for US manufactured durable goods jumped 4.9 percent in January of 2016, rising for the first time in three months, following a downwardly revised 4.6 percent fall in December. It is the biggest gain in ten months, higher than market expectations of a 2.5 percent increase. Excluding transportation, new orders went up 1.8 percent and without defense orders increased 4.5 percent.

The number of Americans filing for unemployment benefits was 272,000 in the week ended February 20th, an increase of 10,000 from the previous week's level of 262,000 and staying above market expectations of 270,000.

Sales of new single-family houses in January of 2016 were at a seasonally adjusted annual rate of 494,000, down 9.2 percent from last month and well below market expectations. It is the lowest figure in three months as sales in the West fell the most in nearly six years.

The flash Markit manufacturing PMI for the United States came in at 51 in February of 2016, down from 52.4 in the previous month and below market expectations of 52.3. It is the lowest figure since November of 2012 due to softer rates of output, new business and employment growth while factory gate prices recorded the fastest drop since mid-2012.

Consumer prices in the United States went up 1.4 percent year-on-year in January of 2016, following a 0.7 percent increase in the previous month. The inflation rate accelerated for the fourth straight month, reaching the highest since October of 2014 and beating market expectations of a 1.3 percent gain, driven by prices of rents, medical care and transportation while energy cost fell at a slower pace. Core inflation reached the highest in 4-1/2-years.

The number of Americans filing for unemployment benefits was 262,000 in the week ended February 13th, a decrease of 7,000 from the previous week's level of 269,000. It was the lowest figure since week ended November 21st and below market expectations of 275,000. Claims have been below 300,000 for 50 weeks, the level associated with a healthy jobs market.

The Federal Reserve discussed increasing the target range of its benchmark interest rate last month but concluded that data on spending and production had been disappointing and developments in commodity and financial markets as well as the possibility of a significant weakening of some foreign economies had the potential to further restrain domestic economic activity, minutes from January FOMC meeting showed.

Industrial production in the United States increased 0.9% in January from the previous month, rebounding from falls in the previous three months. The number beat market expectations of a 0.4% gain, boosted by a jump in utilities output and a rebound in manufacturing.

Housing starts in the Unites States decreased by 3.8 percent to a three-month low seasonally adjusted annual rate of 1099 thousand in January of 2016, compared to a downwardly revised 1143 thousand in the previous month and missing market expectations of a 2.5 percent growth. Building permits edged down 0.2 percent compared to forecasts of a 0.1 percent drop.

The University of Michigan's consumer sentiment fell to 90.7 in February of 2016 from 92 in January, much lower than market expectations of 92. It is the weakest figure in four months, due to lower current and future expectations and lower inflation outlook.

Retail sales in the United States increased 0.2 percent in January of 2016 from the previous month, the same as an upwardly revised 0.2 percent growth in December. It was the third straight month of gains as Americans spent more in online and clothing stores and car dealers.

The number of Americans filing for unemployment benefits was 269,000 in the week ended February 6th, a decrease of 16,000 from the previous week's level of 285,000. It is the lowest figure in seven weeks and below market expectations of 281,000. Claims have been below 300,000 for 49 weeks, the level associated with a healthy jobs market.

The United States recorded a budget surplus of USD 55.2 billion in January of 2016, compared with a deficit of USD 17.5 billion in the same month a year earlier as outlays dropped 20.4 percent to USD 258 billion while receipts increased by 2.3 percent to USD 314 billion.

Tighter financial conditions and foreign developments could weigh down on the United States growth outlook, Fed Yellen said on Wednesday in prepared testimony to Congress, reinforcing interest rates will be raised only gradually and any change will be data dependent.

The US trade gap widened to USD 43.4 billion in December of 2015 from a downwardly revised USD 42.2 billion in the previous month and roughly in line with expectations. Exports shrank for the third straight month while imports posted the first rise in four months. Considering full 2015, the country’s trade deficit widened 4.6 percent from 2014 as exports fell more than imports.

Total nonfarm payroll employment increased by 151,000 in January of 2016, lower than a downwardly revised 262,000 in the previous month and missing market expectations of 190,000. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, and mining.

Unemployment rate in the United States dropped to 4.9 percent in January 2016, from 5 percent in the previous month, while total non-farm payroll employment increased by a lower-than-expected 151,000. The number of unemployed persons, at 7.8 million, was essentially unchanged from December.

The number of Americans filling for unemployment benefits was 285,000 in the week ended January 30th, an increase of 8,000 from the previous week's revised level of 277,000 and staying above market expectations of 280,000.

The ISM Non-Manufacturing PMI index declined 2.3 percentage points to 53.5 percent in January of 2016, down from 55.8 percent in December and below market forecasts. It is the lowest reading since February of 2014 as activity, new orders, employment and prices all decreased.

The Institute for Supply Management’s Manufacturing PMI came in at 48.2 in January of 2016 compared to 48 in December. While employment and inventories subindexes declined, new orders and production grew at a faster pace and prices remained steady.

The final Markit US Manufacturing PMI came in at 52.4 in January of 2016, down from a preliminary reading of 52.7 but higher than 51.2 in the previous month. Output and new orders rose at faster pace while job creation slowed, reflecting manufacturer’s heightened uncertainty about the economic outlook. Some firms noted that the strong dollar continued to act as a growth headwind, especially in terms of export sales.

Consumer spending in the United States was unchanged in December of 2015, after rising an upwardly revised 0.5 percent in the previous month and below market expectations, mainly due to lower expenditure on autos and utilities. Income went up 0.3 percent, the same as in November and above forecasts. As a result, savings hit a three-year high.

The final University of Michigan's consumer sentiment for the United States came in at 92 in January of 2016, much lower than a preliminary estimate of 93.3 and below 92.6 in December. Both current and future expectations decreased and the 1 year inflation outlook eased.

The US economy expanded an annualized 0.7 percent on quarter in the last three months of 2015, lower than a 2 percent expansion in the previous period, according to the advanced estimate released by the Bureau of Economic Analysis. Figures came slightly below market expectations of 0.8 percent, as consumer spending eased, nonresidential investment shrank for the first time in nearly three years and a strong dollar and weak global demand brought exports down.

New orders for US manufactured durable goods shrank 5.1 percent in December of 2015, the biggest decline since August of 2014 and following a revised 0.5 percent drop in November. The plunge came much higher than expected, due to a 12.4 percent decline in transportation orders. Excluding transportation, new orders decreased 1.2 percent and without defense, orders went down 2.9 percent.

The number of Americans filling for unemployment benefits was 278,000 in the week ended January 23rd, a decrease of 16,000 from the previous week's revised level of 294,000 while staying below market expectations of 282,000.

The Federal Reserve left the target range for its federal funds rate unchanged at 0.25 percent to 0.5 percent during its FOMC meeting held in January 2016, following last month’s hike. Policymakers reinforced they expect interest rates to be raised only gradually but said they are monitoring the impacts of global economic and financial developments on US outlook.

Sales of new single-family houses in December 2015 were at a seasonally adjusted annual rate of 544,000, up 10.8 percent from last month and higher than market expectations. November sales were revised to 491,000 from 490,000. In 2015, new home sales increased 14.5 percent to 501,000.

The flash Markit US Manufacturing PMI came in at 52.7 in January of 2016 from 51.2 in the previous month and better than market expectations. Output and new business increased at a faster rate while job creation eased to a 4-month low.

The number of Americans filling for unemployment benefits was 293,000 in the week ended January 16th, an increase of 10,000 from the previous week's revised level of 283,000 while staying way above market expectations of 278,000. It was the highest reading since July of 2015.

Housing starts in the Unites States decreased by 2.5 percent to a seasonally adjusted annual rate of 1149 thousand in December of 2015, compared to an upwardly revised 1179 thousand in the previous month while missing market expectations of 1.6 percent rise. Building permits also fell by 3.9 percent to a seasonally adjusted annual rate of 1232 thousand.

Consumer prices in the United States increased 0.7 percent year-on-year in December of 2015, higher than 0.5 percent in the previous month but below market expectations of 0.8 percent.

The University of Michigan's consumer sentiment increased to 93.3 in January of 2016 from 92.6 in December of 2015, above market expectations. It is the highest figure since June, driven by improved future expectations, preliminary estimates showed.

Industrial output in the United States shrank 0.4 percent in December from November of 2015, following an upwardly revised 0.9 percent drop in the previous period, mainly due to cutbacks for utilities and mining while manufacturing also edged down. For the fourth quarter as a whole, industrial production fell at an annual rate of 3.4 percent.

Retail sales in the United States shrank 0.1 percent in December from November of 2015, below market expectations and following an upwardly revised 0.4 percent rise in the previous period, mainly due to lower sales of winter apparel and gasoline. Excluding autos, sales also fell 0.1 percent.

The number of Americans filing for unemployment benefits was 284,000 in the week ended January 9th, an increase of 7,000 from the previous week level of 277,000. Figures came slightly above market expectations of 275,000.

The United States recorded a budget deficit of USD 14 Billion in December of 2015, compared with a surplus of USD 2 billion in the same month a year earlier as outlays surged 9 percent to USD 364 billion while receipts increased at a slower 4 percent to USD 350 billion.

Unemployment rate in the United States was recorded at 5 percent in December 2015, unchanged from the November rate and remaining at its lowest level since April of 2008 even as more people entered the labor force. The number of unemployed persons, at 7.9 million, was essentially unchanged in December.

Total nonfarm payroll employment increased by 292,000 in December of 2015, higher than an upwardly revised 252,000 in the previous month and beating market expectations of 200,000. Employment gains occurred in several industries, led by professional and business services, construction, health care, and food services and drinking places. Mining employment continued to decline. In 2015, payroll employment growth totaled 2.7 million, compared with 3.1 million in 2014.

The number of Americans filing for unemployment benefits was 277,000 in the week ended January 2nd, a decreased of 10,000 from the previous week level of 287,000. Figures came slightly above market expectations of 275,000.

The Federal Reserve raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent last month but concerns about prolonged low inflation persist, minutes from December FOMC meeting showed. Policymakers said they will carefully monitor actual and expected progress toward inflation goal in deciding for further rate adjustments.

The ISM Non-Manufacturing PMI index registered 55.3 percent in December of 2015, down from 55.9 percent in November and below market forecasts. It is the lowest reading since April of 2014 mainly due to a drop in prices, supplier deliveries and inventories.

The US trade gap decreased to $42.4 billion in November of 2015 from an upwardly revised $44.6 billion deficit in October, lower than market expectations. Imports fell 1.7 percent to a 9-month low, dragged down by a strong dollar and lower inventories, while exports decreased 0.9 percent to the lowest since January of 2012.

The Institute for Supply Management’s Manufacturing PMI decreased to 48.2 in December of 2015 from 48.6 in November. It is the second consecutive month of contraction in the manufacturing activity and the lowest reading since June of 2009 as new orders, production, employment and raw materials inventories all declined.

The final Markit US Manufacturing PMI came in at 51.2 in December of 2015, lower than a preliminary reading of 51.3 and a final of 52.8 in the previous month. It is the lowest figure since October of 2012 as output and new business growth slowed and input costs declined again.

In the week ending December 26, the advance figure for seasonally adjusted initial claims was 287,000, an increase of 20,000 from the previous week's unrevised level of 267,000. The 4-week moving average was 277,000, an increase of 4,500 from the previous week's unrevised average of 272,500.

The number of Americans filing for unemployment benefits was 267,000 in the week ended December 19th, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 271,000 to 272,000.

Sales of new single-family houses in November of 2015 were at a seasonally adjusted annual rate of 490,000, up 4.3 percent from last month but below market expectations. October sales were revised downwards to 470,000 from 495,000.

The University of Michigan's final reading on the overall index of consumer sentiment came in at 92.6 in December of 2015, higher than a first reading of 91.8 and hitting its highest level since July this year. Consumers were more optimistic over their current conditions due to lower inflation, which bolstered real incomes, while they felt less confident about their future situation. Meanwhile, inflation expectations for the next year decreased slightly.

New orders for US manufactured durable goods were virtually unchanged or rose $0.1 billion in November of 2015, following a downwardly revised 2.9 percent growth in the previous month, as new orders for transportation equipment increased by 0.4 percent. Excluding transportation, new orders decreased 0.1 percent while excluding defense, orders fell 1.5 percent.

Consumer spending in the US increased 0.3 percent in November, after posting no growth in the previous month. Income also increased 0.3 percent after an unrevised 0.4 percent gain in October, rising for the eighth straight month.

The US economy advanced an annualized 2 percent on quarter in the three months to September of 2015, slightly lower than a 2.1 percent expansion earlier reported but above market expectations of a 1.9 percent growth, final estimates showed. While household spending and fixed investment remained robust, inventories grew less than expected.

The number of Americans filling for unemployment benefits was 271,000 in the week ended December 12th, a decrease of 11,000 from the previous week's unrevised level of 282,000 and staying below market expectations of 275,000.

The Federal Reserve raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent on December 16th 2015, saying there has been considerable improvement in labor market conditions and that he's reasonably confident that inflation will rise, over the medium term, to its 2 percent objective. However, policymakers said the federal funds rate is likely to remain, for some time, below long run levels, suggesting only gradual increases in the future, depending on incoming economic data.

The Markit flash US Manufacturing PMI fell to 51.3 in December of 2015 from 52.8 in the previous month. It is the weakest figure since November of 2012 as new order index was the lowest since September 2009 and production volumes rose the least since October 2013.

Industrial output in the United States shrank 0.6 percent in November, following an upwardly revised 0.4 percent drop in the previous month, dragged down by decline in mining and utilities while manufacturing was flat. It is the biggest fall reported since March of 2012.

Housing starts in the Unites States jumped 10.5 percent to a seasonally adjusted annual rate of 1173 thousand in November of 2015, compared to an upwardly revised 1062 thousand in the previous month, beating market expectations. Building permits went up 11 percent to 1289 thousand, the highest in five months.

Consumer prices in the United States went up 0.5 percent year-on-year in November of 2015, compared to a 0.2 percent rise in October and higher than market expectations. It is the highest rate so far this year as energy cost declined at a slower pace and prices of services less energy grew slightly more than in the previous month.

The University of Michigan's consumer sentiment increased to 91.8 in December from 91.3 in November of 2015 but slightly below market expectations. Current conditions improved but consumers are less optimistic over the future, preliminary figures showed.

Retail sales in the United States increased 0.2 percent in November from October, slightly below market expectations of a 0.3 percent rise but the biggest gain in four months. Excluding autos, sales went up 0.4 percent, better than forecasts while core retail sales jumped 0.6 percent.

The United States recorded a budget deficit of USD 65 Billion in November of 2015, an increase of USD 8 billion, or 14 percent compared with the same period a year earlier as outlays surged 8.9 percent to USD 270 billion while receipts increased at a slower 7.3 percent to USD 205 billion.

The number of Americans filling for unemployment benefits was 282,000 in the week ended December 5th, a sharp increase of 13,000 from the previous week's unrevised level of 269,000 and staying way above market expectations of 269,000. It was the highest figure in more than twenty weeks, when jobless claims hit 296,000 in the week ended July 4th.

US. trade gap declined unexpectedly to $43.9 billion in October as exports fell to a three-year low hurt by strong dollar.

Unemployment rate in the US was recorded at 5 percent in November 2015, the same as in the previous month and the lowest in more than seven years, while total nonfarm payroll employment increased by a higher-than-expected 211,000. Job gains occurred in construction, professional and technical services, and health care. Mining and information lost jobs.

Total nonfarm payroll employment increased by 211,000 in November, lower than an upwardly revised 298,000 in the previous month but beating market expectations of 200,000. Job growth occurred in construction, professional and technical services, and health care while employment in mining and information declined.

The ISM Non-Manufacturing PMI index registered 55.9 percent in November of 2015, down from 59.1 percent in October, well below forecasts. It is the lowest reading since May as new orders, employment and business activity fell while prices increased.

The number of Americans filling for unemployment benefits was 269,000 in the week ended November 28th, an increase of 9,000 from the previous week's unrevised level of 260,000 and staying slightly above market expectations of 268,000.

Economic and financial data received since last FOMC meeting has been in line with forecasts and economic growth is expected to be sufficient to achieve labor-market improvement and higher inflation, Fed Chair Yellen said in a speech at the Economic Club of Washington, suggesting the Fed is on track to raise rates in December. However, Fed Chair also said new economic data received until next meeting will be assessed.

The Institute for Supply Management’s US Manufacturing PMI decreased to 48.6 in November of 2015 from 50.1 in October. It is the first contraction in manufacturing activity since November of 2012 and the sharpest since June of 2009.

The final Markit US Manufacturing PMI came in at 52.8 in November of 2015, slightly higher than 52.6 in the preliminary estimate, but below 54.1 reported in October. It is the lowest figure in 25 months as output, new orders and employment all expanded at slower rates while average cost burdens decreased for the third month.

The University of Michigan's final reading on the overall index of consumer sentiment came in at 91.3 in November of 2015, lower than a first reading of 93.1 but higher than a final reading of 90 in October. Although consumers were more optimistic over their current conditions and their future economic situation, markets were expecting a stronger sentiment in line with preliminary estimates. Meanwhile, inflation expectations for the next 5 to 10 years increased.

Sales of new single-family houses in October 2015 were at a seasonally adjusted annual rate of 495,000, up 10.7 percent from last month but below market expectations. The inventory of properties for sale reached the highest since early 2010 while both median and average prices decreased.

Consumer Spending in the US increased only 0.1 percent in October, the same as in the previous month while income gains accelerated to 0.4 percent and the saving rate jumped to the highest level in almost three years.

New orders for US manufactured durable goods surged 3 percent in October of 2015, recovering from a downwardly revised 0.8 percent fall in September. It is the first rise in three months and well above market expectations, boosted by transport orders.

The number of Americans filling for unemployment benefits was 260,000 in the week ended November 21st, a sharp decrease of 12,000 from the previous week's upwardly revised level of 272,000 and way below market expectations of 270,000.

The US economy advanced an annualized 2.1 percent on quarter in the three months to September of 2015, up from the 1.5 percent reported last month, according to the second estimate released by the Bureau of Economic Analysis. While consumer spending grew less than previously estimated, inventories expanded almost twice as much.

The Federal Reserve is expected to start raising rates at its December 2015 meeting, as long as incoming data continues to show the economy is resilient. Yet, markets seem to have anticipated the monetary tightening for some time as most housing and labour market indicators continue to show an improvement. However, the inflation outlook remains subdued as oil prices remain at a 6-year low.

The Markit flash US Manufacturing PMI came in at 52.6 in November of 2015, down from 54.1 in October and the lowest since October of 2013. Figures came well below market expectations as job growth slowed and strong dollar and weaker global demand hurt new export orders.

The number of Americans filing for unemployment benefits fell by 5,000 to 271,000 in the week ended November 14, matching market expectations. It is the lowest figure in three weeks.

US Federal Reserve may start raising rates in December, provided that unanticipated shocks do not affect the economic outlook, incoming data continue to show improvement in the labour market and inflation returns to target, minutes of the meeting held in October showed.

Housing starts in the Unites States shrank 11 percent to a seasonally adjusted annual rate of 1060 thousand in October of 2015, compared to a downwardly revised 1191 thousand in the previous month. It is the lowest figure since May, well below market expectations. However, building permits went up 4.1 percent to 1150 thousand, suggesting robustness in the housing market.

Industrial output in the United States contracted 0.2 percent in October from September of 2015, the same as in the previous period and below market expectations of a 0.1 percent rise. Mining production fell 1.5 percent and utilities dropped 2.5 percent while manufacturing increased 0.4 percent.

Consumer prices in the United States increased 0.2 percent year-on-year in October of 2015 after being flat in September and higher than market expectations. On a monthly basis, consumer prices also rose 0.2 percent, the biggest gain in four months as cost of most goods and services including gasoline increased.

The University of Michigan's consumer sentiment increased to 93.1 in November from 90 in October of 2015, beating market expectations, preliminary figures showed. It is the highest value since June as consumers are more optimistic over current and future conditions.

Retail sales in the US rose a meager 0.1 percent in October from September, after showing no growth in the previous two months. Figures came below market consensus due to an unexpected fall in auto sales. Excluding autos, retail sales rose 0.2 percent, rebounding from an upwardly revised 0.4 percent fall in September

The United States recorded a budget gap of $136 Billion in October of 2015, higher than a $122 billion deficit a year earlier as outlays rose 4.2 percent to USD 348 billion while receipts fell 0.9 percent to USD 211 billion.

The number of Americans filing for unemployment benefits was unchanged at 276,000 in the week ended November 7, compared to market expectations of 270K. Yet, claims have been below 300,000 since March, the level associated with a healthy jobs market.

Unemployment rate in the US edged down to 5 percent in October from 5.1 percent in the previous month while total nonfarm payroll employment increased by a higher-than-expected 271,000 in October. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction.

Nonfarm payrolls increased by 271 thousand in October of 2015, the biggest gain since December last year and well above market expectations. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction.

The number of Americans filling for unemployment benefits went up by 16,000 to 276,000 in the week ended October 31st. It was the largest increase in eight months bringing total number of claims to the highest level in five weeks. Economists had forecasted claims rising to 262,000.

The US economy is performing well and it would be appropriate to adjust rates in the December meeting, if incoming economic data supports it, the Federal Reserve Chair Janet Yellen reiterated in her testimony before the House Financial Services Committee in Washington.

The ISM Non-Manufacturing PMI index registered 59.1 percent in October of 2015, up from 56.9 percent in September and beating market expectations. New orders, employment and business activity increased while prices continued to fall.

The trade gap in the US narrowed to USD 40.81 billion in September, the lowest since February. Exports went up 1.6% led by artwork, antique, stamps, jewelry and capital goods while imports fell by 1.8% due to decrease in value of petroleum shipments and higher domestic oil production.

The Institute for Supply Management’s Manufacturing PMI decreased to 50.1 in October of 2015 from 50.2 in September. It is the lowest level since May of 2013 as a high dollar and low oil prices hurt exports and job creation fell sharply.

The final Markit US Manufacturing PMI came in at 54.1 in October of 2015, better than a preliminary reading of 54 and higher than 53.1 in September. Output and new orders grew the most since March, employment also rose at a faster pace while input costs continued its downward trend.

The University of Michigan's final reading on the overall index of consumer sentiment came in at 90 in October of 2015, lower than a preliminary reading of 92.1 and below market expectations. Consumers were less confident over future and current conditions and inflation expectations for the next 5 to 10 years decreased. Still, the consumer confidence index increased from a final reading of 87.2 in September.

Personal consumption in the US edged up 0.1 percent in September from August of 2015, following a 0.4 percent increase in the previous period. It is the lowest gain since January and below market forecasts of a 0.2 percent rise. Income also went up a meager 0.1 percent, the smallest gain in six months.

The US economy expanded an annualized 1.5 percent on quarter in the three months to September of 2015, lower than a 3.9 percent expansion in the previous period and below market expectations, according to the advanced estimate released by the Bureau of Economic Analysis. Gains in consumer and business spending were offset by negative contribution from change in private inventories.

The number of Americans filling for unemployment benefits was 260,000 in the week ended October 24th, a slight increase of 1,000 from the previous week's unrevised level of 259,000 and below market expectations of 263,000.

The Federal Reserve policymakers left the door open to an increase in rates as they dropped previous warnings about the risks global financial and economic developments were posing to the US economy. The Fed also said although there had been a slowing in the pace of job growth, solid gains were seen in US household spending and investment.

New orders for US manufactured goods fell 1.2 percent in September from August of 2015, following a downwardly revised 3 percent drop in the previous period, in line with market expectations. Excluding transportation, orders decreased 0.4 percent and excluding defense, orders went down 2 percent.

Sales of new single-family houses in the United States shrank 11.5 percent to a seasonally adjusted annual rate of 468,000 in September of 2015, the lowest since November last year. The stock of new houses for sale increased to its highest since March of 2010.

The flash Markit US Manufacturing PMI came in at 54 in October of 2015, up from 53.1 in September, beating market expectations. New orders went up boosted by domestic demand, job creation was the strongest since July and input costs fell for the second straight month.

The number of Americans filing for unemployment benefits was 259,000 in the week ended October 17th, a slight increase of 3,000 from the previous level but below market expectations of 265,000. The 4-week moving average fell to its lowest since December of 2013.

Housing starts in the United States rose 6.5 percent to a seasonally adjusted annual rate of 1,206,000 in September of 2015, following an upwardly revised 1,132,000 in August and beating market forecasts. In contrast, permits shrank 5 percent to an annual rate of 1,103,000.

The University of Michigan's consumer sentiment increased to 92.1 in October from 87.2 in September of 2015, beating market expectations, preliminary figures showed. It is the highest value since July as consumers are more optimistic over current and future conditions.

Industrial output in the United States shrank 0.2 percent in September from August of 2015, following a downwardly revised 0.1 percent fall in the previous period and in line with market expectations, dragged down by lower production of durable goods and cuts in extraction and drilling of oil.

The United States recorded a budget deficit of $439 billion in fiscal 2015, lower than a $483 billion gap a year earlier as receipts increased 7.6 percent while outlays rose at a slower 5.2 percent. Meanwhile, September surplus was recorded at $91 billion from a $106 billion surplus in 2014 and missing market expectations of $95 billion.

Consumer prices in the United States were unchanged in September of 2015 from the previous year, down from a 0.2 percent rise in August but escaping a 0.1 percent drop markets expected. On a monthly basis, prices posted the second straight fall and the steepest in eight months, dragged down by falling gasoline cost. However, excluding food and energy, the inflation rate accelerated in September.

The number of Americans filling for unemployment benefits was 255,000 in the week ended October 10th, a decrease of 7,000 from the previous week's revised level of 262,000 and much below market expectations of 270,000. Claims were last at this level in July this year, which was the lowest since November 1973.

Retail sales in the US rose a meager 0.1 percent in September from August of 2015, after showing no growth in the previous period and below market expectations. Sales of automobiles were the main driver of growth, offsetting a deep decline in service station receipts.

Federal Reserve policymakers worried recent global and financial market developments might restrain economic activity in the US. Although their outlook had not materially altered, the committee decided to wait for additional information confirming it had not deteriorated before raising rates, minutes of the meeting held last month showed.

The number of Americans filing for unemployment benefits was 263,000 in the week ended October 3rd, a decrease of 13,000 from the previous week. It is the lowest figure since mid-July.

US trade gap increased to USD 48.33 billion in August of 2015, from a slightly downwardly revised USD 41.8 billion in July, reaching the highest in five months. Exports fell nearly 2 percent to its lowest since October of 2012, dragged down by a strong dollar and weak external demand while imports rose 1.2 percent boosted by higher demand for consumer goods.

The ISM Non-Manufacturing PMI index registered 56.9 percent in September of 2015, down from 59 in August and below market expectations. It was the weakest growth in the services sector since June as business activity, new orders and prices decreased while job creation went up.

Non ram payrolls increased by 142,000 in September, well below market expectations while the unemployment rate was unchanged at 5.1 percent, matching forecasts. Job gains occurred in health care and information, while mining employment fell. Thus far in 2015, job growth has averaged 198,000 per month, compared with an average monthly gain of 260,000 in 2014.

Jobless rate in the US was unchanged at 5.1 percent and total nonfarm payroll employment increased by 142,000 in September. Job gains occurred in health care and information, while mining employment fell.

The Institute for Supply Management’s Manufacturing PMI decreased to 50.2, the third straight drop from 51.1 the prior month as a stronger dollar and lower demand from oversees led to the slowest pace of orders since November 2012.

U.S. Manufacturing Purchasing Managers' Index rose slightly to 53.1 in September from 53.0 in August, which marked the lowest level since October 2013. The September level was also up from a preliminary reading of 53.0.

The number of Americans filling for unemployment benefits was 277,000 in the week ended September 26th, an increase of 10,000 from the previous week's level of 267,000. However, claims stayed below 300,000 for the 30th straight week, 4-week moving average decreased and continuing claims were at the lowest since November of 2000, pointing to labour market strength.

Personal consumption in the US went up 0.4 percent in August of 2015, the same as in July and beating market expectations. It is the seventh consecutive month of spending growth. Income rose 0.3 percent, the smallest gain in five months.

The University of Michigan's final reading on the overall index of consumer sentiment came in at 87.2 in September, better than a preliminary reading of 85.7, but down from a final 91.9 in September. Still, It is the lowest figure in eleven months.

The United States economy expanded an annualized 3.9 percent on quarter in the three months to June of 2015, better than a 3.7 percent gain reported in the second estimate, due to higher consumer and construction spending. It is the highest growth rate in three quarters.

An initial increase in the federal funds rate later this year would still be appropriate, depending on economic data, Federal Reserve Chair Janet Yellen said in a speech at the University of Massachusetts.

Sales of new single-family houses rose 5.7 percent to a seasonally adjusted annual rate of 552,000 in August. It is the highest figure since February of 2008.

New orders for US manufactured goods fell 2 percent in August from July, following a downwardly revised 1.9 percent increase in the previous period, in line with market expectations. Excluding transportation, orders were flat and excluding defense, orders went down 1 percent.

The number of Americans filling for unemployment benefits was 267,000 in the week ended September 19th, an increase of 3,000 from the previous week's unrevised level of 264,000 but below market expectations of 271,000.

The flash Markit US Manufacturing PMI came in at 53 in September of 2015, the same as in August and in line with market forecasts. Yet, manufacturing output growth remained at a 22-month low as new work and employment slowed while prices fell for the first time in three years.

The Federal Reserve left its target range for the fed funds rate unchanged at 0 to 0.25 percent on September 17th, 2015, showing concerns that recent global economic and financial developments may restrain economic activity and put further downward pressure on inflation in the near term.

Housing starts in the United States fell 3 percent to a seasonally adjusted annual rate of 1,126,000 in August of 2015, missing market forecasts. In contrast, building permits rose 3.5 percent to an annual rate of 1,170,000, following a 15.5 percent drop in July.

The number of Americans filling for unemployment benefits was 264,000 in the week ended September 12th, a decrease of 11,000 from the previous week's unrevised level of 275,000 and below market expectations of 275,000.

Consumer prices in the United States increased 0.2 percent year-on-year in August of 2015, the same pace as in July and in line with market expectations. On a monthly basis, prices posted the first drop in seven months, down 0.1 percent due to lower gasoline and fuel cost.

Industrial production in the United States fell 0.4 percent in August over July, following an upwardly revised 0.9 percent gain in the previous period. Figures came worse than market expectations as manufacturing fell 0.5 percent, mining dropped 0.6 percent while production of utilities rose 0.6 percent.

Retail sales in the United States edged up 0.2 percent in August, slowing from an upwardly revised 0.7 percent rise in July. Figures came slightly below market forecasts, as lower gasoline prices dragged sales at gas stations down.

The United States recorded a budget gap of $64.4 Billion in August of 2015, much lower than a $128 billion deficit a year earlier as the receipts increased 8.8 percent to $211 billion and outlays fell 14.9 percent to $275 billion.

The University of Michigan's consumer sentiment declined to 85.7 in September from 91.9 in August, the largest one-month decline since the end of 2012. The preliminary index came below market consensus as current and future expectations worsened due to volatile financial markets and global slowdown.

The number of Americans filing for unemployment benefits decreased by 6K to 275K in the week ended September 5th. First-time jobless claims have been below the 300,000 level for the last six months.

Jobless rate in the US declined to 5.1 percent and total nonfarm payroll employment increased by 173,000 in August. It is the lowest unemployment rate since April 2008 as the number of unemployed edged down to 8 million.

American payrolls increased by 173,000 in August and the unemployment rate edged down to 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and social assistance and in financial activities. Manufacturing and mining lost jobs.

The ISM Non-manufacturing PMI index registered 59 percent in August, down from a 10-year high of 60.3 in July but better than market expectations. Although 4 main subindexes decreased, 15 out of 17 services industries reported growth, the same as in July.

US trade gap narrowed to USD 41.86 billion in July of 2015 from an upwardly revised USD 45.21 billion in June. It is the lowest deficit since February as exports rose 0.4 percent while imports went down 1.1 percent.

The number of Americans filling for unemployment benefits was 282,000 in the week ended August 29th, an increase of 12,000 from the previous week's downwardly revised level of 270,000 and beating market expectations of 275,000.

The Institute for Supply Management index of national factory activity slowed for the second straight month to 51.1 in August from 52.7 in July. It is the lowest figure since May of 2013 as all subindexes decreased.

The final Markit Manufacturing PMI in the United States came in at 53 in August, slightly better than a preliminary reading of 52.9 but down from 53.80 in July of 2015. It is the lowest figure since October of 2013 as output, new orders and job creation all slowed.

The University of Michigan's final reading on the overall index of consumer sentiment came in at 91.9 in August, lower than a preliminary reading of 92.9 and a final 93.1 in July.

Personal consumption in the US increased 0.3 percent in July of 2015, the same as an upwardly revised 0.3 percent rise in June, but below market expectations. Income rose 0.4 percent for the fourth straight month.

The US economy expanded an annualized 3.7 percent on quarter in the three months to June, according to the second estimate released by the Bureau of Economic Analysis. Figures came better than a 2.3 percent gain initially reported and beat market expectations due to higher business spending and quicker build up of inventories.

The number of Americans filling for unemployment benefits was 271,000 in the week ended August 22nd, a decrease of 6,000 from the previous week's unrevised level of 277,000. Initial claims declined for the first time in five weeks, beating market expectations of 274,000.

New orders for US manufactured goods rose for the second straight month by 2 percent in July, slowing from an upwardly revised 4.1 percent gain in the previous month but exceeding market expectations of a drop.

Sales of new single-family houses in the US rose 5.4 percent to a seasonally adjusted annual rate of 507,000 units in July, recovering from fall in June.

The Flash Markit Manufacturing PMI in the US unexpectedly dropped to 52.9 in August from a final reading of 53.8 in July. It is the lowest figure since October of 2013 as output, new orders and employment all grew at a slower pace.

The number of Americans filing for unemployment benefits was 277,000 in the week ended August 15th, an increase of 4,000 from the previous week. Initial claims rose for the fourth straight week, above market expectations.

Federal Reserve policymakers confirmed that conditions for the first rate hike had not yet been met but are approaching, as the labour market improves while inflation remains well below target, minutes of the meeting held last month showed.

Consumer prices in the US increased 0.2 percent year-on-year in July of 2015, following a 0.1 percent rise in June. It is the highest inflation rate so far this year, pushed by a rise in shelter cost.

Housing starts in the US went up 0.2 percent to a seasonally adjusted annual rate of 1,206,000 in July, the highest since October of 2007 and following an upwardly revised 1,204,000 in June. In contrast, building permits shrank 16.3 percent to an annual rate of 1,119,000.

The University of Michigan’s preliminary index of sentiment decreased to 92.9 in August from 93.1 in July, the lowest level since November.

Industrial output in the US rose 0.6 percent in July after a downwardly revised increase of 0.1 percent in June. The gain was a result of a 0.8 percent growth in factory production supported by a surge in production of motor vehicles.

US retail sales increased 0.6 percent in July on higher demand for everything from cars to clothing. The figure for June was revised up to a flat compared to previously reported 0.3 percent drop.

The number of Americans filling for unemployment benefits was 274,000 in the week ended August 8th, an increase of 5,000 from the previous week's downwardly revised level of 269,000.

The United States recorded a budget deficit of $149.2 Billion in July, $55 billion higher from the same period last year as spending increased more than receipts.

Jobless rate in the US was unchanged at 5.3 percent and total nonfarm payroll employment increased by 215,000 in July. Job gains occurred in retail trade, health care, professional and technical services, and financial activities.

American payrolls increased by 215,000 in July and the unemployment rate was unchanged at 5.3 percent. Job gains occurred in retail trade, health care, professional and technical services, and financial activities.

The number of Americans filling for unemployment benefits was 270,000 in the week ended August 1st, an increase of 3,000 from the previous week's unrevised level of 267,000. The 4-week moving average was 268,250, a decrease of 6,500 from the previous week's average of 274,750.

The ISM Non-manufacturing PMI index registered 60.3 percent in July, 4.3 percentage points higher than the June reading of 56 percent. It is the highest reading since August of 2005 as 15 out of 17 services industries reported growth.

The goods and services deficit in the US was $43.8 billion in June, up $2.9 billion or 7.1 percent from $40.9 billion in May as strong dollar weighed on exports and boosted imports.

The final Markit US Manufacturing PMI came in at 53.8 in July, the same as preliminary reading of 53.8 but above 20-month low of 53.6 registered in June.

The Institute for Supply Management index of national factory activity slowed to 52.7 in July, compared to 53.5 in June and much below market expectations. While employment and raw materials inventories declined, production and new orders subindexes rose.

Personal consumption in the US increased 0.2 percent in June over the previous month following a downwardly revised gain of 0.7 percent in May. Meanwhile, personal incomes grew 0.4 percent.

The University of Michigan's final reading on the overall index of consumer sentiment came in at 93.1 in July, lower than a preliminary reading of 93.3 and a final 96.1 in June.

The number of Americans filing new claims for unemployment benefits increased by 12,000 to 267,000 in the week ended July 25th from 255,000 in the previous week.

US economy grew 2.3 percent in the second quarter of 2015 compared to 0.6 percent expansion reported in the previous three month period, according to the advanced estimate released by the Bureau of Economic Analysis. The growth was boosted by a pick-up in consumer spending while business spending on equipment declined.

Rates will be raised when further improvements in the labor market occur, the Federal Reserve said during the meeting held on July 29th. Highlighting that is confident inflation will move back to its 2 percent objective over the medium term.

The Chinese economy grew by 1.5 percent quarter-on-quarter in the three months to December 2018, compared to a 1.6 percent expansion in the previous period and in line with market estimates. It was the weakest pace of quarterly expansion since the first quarter of the year.

The Chinese economy advanced 6.4 percent year-on-year in the December quarter of 2018, after a 6.5 percent growth in the previous quarter and matching market expectations. It was the lowest growth rate since the global financial crisis, amid intense trade dispute with the US, weakening domestic demand and alarming off-balance-sheet borrowings by local governments. Considering full 2018, the economy expanded 6.6 percent, the weakest pace since 1990.

Next week the US will be publishing existing home sales and flash Markit PMIs, while the ECB and the BoJ will hold their first policy meetings of 2019. Other important releases include: UK unemployment and wage growth; Eurozone consumer confidence and flash Markit PMIs; Germany business and investor morale; China Q4 GDP growth, industrial production, retail sales and fixed asset investment; Japan foreign trade and flash Nikkei Manufacturing PMI; Australia employment figures; New Zealand Q4 inflation rate; and South Korea and the Philippines Q4 GDP growth rates.

The University of Michigan's consumer sentiment for the US fell to 90.7 in January of 2019 from 98.3 in December, well below market expectations of 97. It is the lowest reading since October of 2016. The decline was primarily focused on prospects for the domestic economy, with the year-ahead outlook for the national economy judged the worst since mid 2014.

US industrial output rose 0.3 percent from a month earlier in December 2018, following a downwardly revised 0.4 percent growth in November and beating market expectations of a 0.2 percent gain. Manufacturing production increased by the most in 10 months and mining activity continued to rise while utilities output contracted sharply.

The annual inflation rate in Canada rose to 2.0 percent in December 2018 from 1.7 percent in the previous month. Figures came above market expectations of 1.7 percent, mainly driven by higher prices of various services, including air transportation, telephone services and travel tours.

Japan's consumer price inflation eased to 0.3 percent year-on-year in December 2018 from 0.8 percent in the previous month, in line with market expectations. It was the lowest inflation rate since October 2017, mainly due to declines in cost of food, housing and transport. In 2018, the average inflation rate was 1 percent.

The number of Americans filling for unemployment benefits decreased by 3 thousand to 213 thousand in the week ending January 12 from the previous week’s unrevised level of 216 thousand. It was the second straight week of declines, bringing initial claims to the lowest level since the week ending December 8. It compares with market expectations of 220 thousand.

The South African Reserve Bank left its benchmark repo rate unchanged at 6.75 percent on January 17th 2019 after hiking it by 25 bps in the previous meeting, as widely expected. Policymakers said the decision is accommodative and monetary policy actions will continue to focus on anchoring inflation near to the mid-point of the target range in the interest of sustainable growth. The Committee noted international developments including oil prices and the exchange rate depreciation as the key drivers of an improved inflation outlook.

The annual inflation rate in the Euro Area came in at 1.6 percent in December 2018, unchanged from the preliminary estimate and below November's final reading of 1.9 percent. It was the lowest rate since April.

Italy’s trade surplus fell to EUR 3.84 billion in November of 2018 from EUR 4.67 billion in the corresponding month of the previous year, but well above market expectations of EUR 2.89 billion. Imports advanced 3.4 percent from a year earlier while exports went up at a softer 1 percent.

The seasonally adjusted unemployment rate in Hong Kong was unchanged at 2.8 percent in the three months to December of 2018, remaining the lowest jobless rate since January of 1998. Also, the underemployment rate was steady at 1.2 percent, the same as in the previous period.

Bank Indonesia left its benchmark 7-day reverse repo rate unchanged at 6 percent on 17th January 2019, as widely expected. Policymakers said the decision was consistent with efforts to reduce the current account gap towards a range of 2.5% of GDP in 2019 and maintaining the attractiveness of domestic financial markets. Current account deficit in the first quarter of the year is expected to be smaller, in line with seasonal trend. The lending and the deposit facility rates were also kept steady at 6.75 percent and 5.25 percent respectively.

The Central Bank of Turkey held its one week repo auction rate at 24 percent on January 16th as widely expected, saying risks on price stability continue to prevail although there was some improvement in the inflation outlook. The country's annual inflation rate fell to a four-month low of 20.3 percent in December, still way above the central bank's midpoint target of 5 percent.

The annual inflation rate in Italy decreased to 1.1 percent in December of 2018 from 1.6 percent in the previous month and in line with preliminary estimates. It is the lowest inflation rate since May, amid lower prices of processed food and transport.

The annual inflation rate in the United Kingdom declined to 2.1 percent in December 2018 from 2.3 percent in the previous month, in line with market expectations. It was the lowest inflation rate since January 2017, mostly due to lower cost of petrol and air fares.

The annual inflation rate in Nigeria rose to 11.44 percent in December of 2018 from 11.28 percent in the previous month. It is the highest inflation rate since May, as prices continued to advance mainly for food and housing & utilities.

Germany's annual inflation rate slowed to an eight-month low of 1.7 percent in December 2018 from 2.3 percent in the previous month and in line with the preliminary estimates. Energy and food prices rose at a softer pace while services inflation was steady.

Ireland’s trade surplus widened to EUR 4.80 billion in November of 2018 from EUR 3.62 billion in the corresponding month of the previous year. Exports surged 17.9 percent to a fresh record high of EUR 12.79 billion while imports went up at a softer 10.5 percent to EUR 7.98 billion.

Ireland's annual inflation rate picked up to 0.7 percent in December 2018 from a five-month low of 0.6 percent in the previous month, mainly boosted by increases in prices of housing & utilities, restaurants & hotels and alcoholic beverages & tobacco.

The Euro Area trade surplus narrowed to EUR 19.0 billion in November 2018 from EUR 23.4 billion in the same month of the previous year, still comfortably above market expectations of EUR 13.7 billion.

France's inflation rate stood at 1.6 percent in December 2018, unrevised from the preliminary estimate and below November's final reading of 1.9 percent. It was the lowest inflation rate since April, due to a slowdown in energy, services and tobacco prices and a larger drop in manufactured product prices.

The annual inflation rate in Spain fell to 1.2 percent in December of 2018 from 1.7 percent in the previous month matching a preliminary estimate and market expectations. It remained the lowest inflation rate since April, mostly due to a slowdown in cost of transport and food and non-alcoholic beverages.

The Turkish unemployment rate increased to 11.6 percent in October 2018 from 10.3 percent in the same month of the previous year.

Indonesia's trade deficit widened to USD 1.10 billion in December 2018 from USD 0.24 billion in the same month a year earlier and worse than market consensus of a USD 0.93 billion gap. It was the third straight month of trade gap, as exports dropped while imports increased.

Annual consumer inflation in India declined to 2.19 percent in December of 2018 from 2.33 percent in November, matching market expectations of 2.2 percent. It is the lowest inflation rate since June of 2017 as food prices continued to decline and inflation eased for clothing, housing and fuel.

Industrial production in the Euro Area went down 3.3 percent year-on-year in November of 2018, following a 1.2 percent rise in October and worse than market expectations of a 2.3 percent drop. It is the first annual fall in industrial output since January of 2017 and the biggest since November of 2012.

Wholesale prices in India rose by 3.8 percent year-on-year in December 2018, slowing from a 4.64 percent gain in the prior month and below than market estimates of 4.42 percent. It was the lowest wholesale inflation since April, as cost increased at a softer pace for fuel and manufactured products while prices of food declined further.

China's trade surplus widened to USD 57.06 billion in December 2018 from USD 53.85 billion in the same month a year earlier, above market consensus of a USD 51.53 billion surplus. It was the largest trade surplus since December 2015, as exports fell the most in two years and imports posted the largest drop since July 2016 amid growing disruptions from an escalating trade war with the US and slowing global growth.

Next week important releases include US preliminary reading of Michigan consumer sentiment, industrial output, and producer and foreign trade prices; UK inflation and retail trade; Eurozone industrial production; Germany 2018 GDP growth; China trade figures; Japan inflation and machinery orders; Australia consumer morale; India inflation and wholesale prices; and interest rate decisions from Turkey, Indonesia and South Africa. Investors will also react to UK parliamentary vote on Brexit deal and OPEC's monthly report.

Annual inflation rate in the United States fell to 1.9 percent in December of 2018 from 2.2 percent in November, matching market expectations. It is the lowest inflation rate since August of 2017, mainly due to a decline in gasoline cost. On a monthly basis, consumer prices edged down 0.1 percent after a flat reading in the previous month and also in line with forecasts. It is the first monthly decrease in consumer prices in nine months, due to a 7.5 percent slump in gasoline prices.

The annual inflation rate in Portugal decreased to 0.7 percent in December of 2018 from 0.9 in the previous month and in line with preliminary estimates. It is the lowest inflation rate since April, mainly due to a slowdown in prices of transport and housing & utilities.

The annual inflation rate in Brazil dropped to 3.75 percent in December of 2018 from 4.05 percent in November, slightly above market expectations of 3.70 percent. It is the lowest inflation rate since May, as prices slowed mostly for food and fuels. The inflation rate finished 2018 within the central bank target of 4.5 percent plus or minus 1.5 percentage points and above 2.95 percent in 2017.

The UK trade deficit narrowed by GBP 0.13 billion to GBP 2.90 billion in November 2018 from a downwardly revised GBP 3.04 billion in the previous month.

The number of Americans filling for unemployment benefits decreased by 17 thousand to 216 thousand in the week ending January 5 from the previous week’s revised level of 233 thousand and below market expectations of 225 thousand.

Russia’s consumer price inflation increased to 4.3 percent year-on-year in December 2018 from 3.8 percent in the previous month, slightly above market expectations of 4.2 percent. It was the highest inflation rate since June 2017 on the back of rising prices of food and services while non-food inflation eased.

ECB officials agreed that the risks to the Euro Area outlook could still be assessed as broadly balanced, but that the balance of risks was moving to the downside owing to the persistence of uncertainties related to geopolitical factors, the threat of protectionism, vulnerabilities in emerging markets and financial volatility, minutes of the ECB's December meeting showed. Policymakers also suggested revisiting the contribution of TLTRO to the monetary policy stance moving ahead.

The Greek seasonally adjusted unemployment rate was at 18.6 percent in October of 2018, unchanged from the previous month. It remained the lowest jobless rate since July of 2011.

The Philippine's trade deficit widened to USD 3.90 billion in November of 2018 from USD 3.28 billion in the same month a year earlier. Imports went up 6.8 percent to USD 9.47 billion while exports fell 0.3 percent to USD 5.57 billion.

China's consumer price inflation slowed to a six-month low of 1.9 percent year-on-year in December 2018 from 2.2 percent in the previous month and below market consensus of 2.1 percent. The slowdown in inflation was mainly due to non-food prices, while food inflation remained at its lowest level in three months.

Federal Reserve officials revised down their assessments of the appropriate path for monetary policy amid growing concerns about volatility in financial markets, trade tensions and uncertain global growth, minutes from the last FOMC meeting showed. Policymakers also noted that the central bank could afford to be patient about further policy firming as inflation remains muted.

The annual inflation rate in Ghana rose to 9.4 percent in December of 2018 from 9.3 percent in the previous month, as both food and non-food prices increased at a faster pace.

The Bank of Canada kept its benchmark interest rate steady at 1.75 percent on January 9th 2019, as widely expected. It remained the highest rate since December 2008. Policymakers said more interest rate hikes will be needed to keep inflation into a neutral range of 2 percent target and that the pace of those hikes will depend on factors including developments in oil markets, Canadian housing market and global trade. The Bank Rate and deposit rate were also left unchanged at 2.0 percent and 1.50 percent, respectively.

The annual inflation rate in Mexico rose to 4.83 percent in December 2018 from 4.72 percent in the prior month, slightly below market expectations of 4.89 percent. Prices increased at a faster pace for other services and agricultural goods while inflation was barely unchanged for housing.

The Euro Area seasonally-adjusted unemployment rate fell to 7.9 percent in November 2018 from a downwardly revised 8 percent in the previous month and below market expectations of 8 percent. It was the lowest jobless rate since October 2008 as the number of unemployed continued to decline.

Italy’s unemployment rate fell to 10.5 percent in November 2018 from 10.6 percent in the previous month but above market expectations of 10.1 percent. The number of unemployed declined by 0.9 percent while employment remained unchanged.

Switzerland's annual inflation rate eased to 0.7 percent in December 2018 from 0.9 percent in the previous month, missing market expectations of 0.8 percent. It was the lowest rate since February, as prices of housing and transportation rose at a slower pace while healthcare costs continued to fall.

The German trade surplus decreased to EUR 20.5 billion in November 2018 from EUR 23.8 billion in the same month a year earlier, as imports rose 3.6 percent while exports were nearly unchanged.

Canada’s merchandise trade deficit widened to CAD 2.06 billion in November 2018 from a downwardly revised CAD 0.85 billion in the previous month and above market consensus of a CAD 1.95 billion shortfall. It was the largest trade gap since May, as exports fell 2.9 percent month-over-month, mainly due to lower sales of crude oil and imports dropped 0.5 percent.

The annual inflation rate in Tanzania rose to 3.3 percent in December of 2018 from 3.0 percent in the previous month. It was the highest inflation rate since September, driven by higher cost of food and non-alcoholic beverages.

Irish seasonally adjusted unemployment rate stood at 5.3 percent in December 2018, unchanged from the previous month's near 11-year low, as the number of unemployed held steady at 127 thousand.

The French trade deficit narrowed slightly to EUR 5.1 billion in November 2018 from EUR 4.1 billion in the previous month and compared with market expectations of a EUR 6.0 billion gap. Exports dropped 4.4 percent month-over-month and imports declined 1.8 percent.

The Swiss unemployment rate rose to a non-seasonally adjusted 2.7 percent in December 2018 from 2.5 percent in the previous month. It was the highest jobless rate since April as the number of unemployed rose markedly.

Australia's trade surplus narrowed to AUD 1.93 billion in November 2018, below the downwardly revised AUD 2.01 billion in the previous month (vs 2.32 billion preliminary) and market expectations of a AUD 2.23 billion surplus. Both exports and imports hit all-time highs.

The ISM Non-Manufacturing PMI index for the United States fell to 57.6 in December of 2018 from 60.7 in November and below market expectations of 59. The reading pointed to the weakest expansion in the services sector in five months, amid a slowdown in business activity, employment, inventories and supplier deliveries.

Next week the FOMC minutes will be keenly watched, alongside US inflation, ISM Non-Manufacturing PMI, trade balance and factory orders; UK monthly GDP, industrial output and foreign trade; ECB meeting accounts; Eurozone business survey, retail trade and jobless rate; Germany factory orders, industrial production and trade balance; China inflation and producer prices; Japan consumer confidence; and Australia business morale. Investors will also react to US-China trade talks.

The unemployment rate in Canada stood at 5.6 percent in December of 2018, the same as in the previous month and compared with market expectations of 5.7 percent. It remains the lowest jobless rate since comparable data became available in 1976. The economy added 9.3 thousand jobs in December, after creating 94.1 thousand in November and compared with market consensus of 5.5 thousand. Part-time employment advanced (+28.3 thousand) while full-time employment dropped (-18.9 thousand).

Nonfarm payrolls in the US increased by 312 thousand in December 2018, following an upwardly revised 176 thousand rise in November and easily beating below market expectations of 177 thousand. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade. The December jobs gain pushed total US employment above 150 million jobs for the first time.

The US unemployment rate rose to 3.9 percent in December 2018 from a 49-year low of 3.7 percent in the previous month, and above market expectations of 3.7 percent. It was the highest jobless rate since July, as the number of unemployed persons increased by 276 thousand to 6.3 million and employment advanced by 142 thousand to 156.9 million.

The annual inflation rate in Italy is expected to decrease to 1.1 percent in December of 2018 from 1.6 percent in the previous month. It is the lowest inflation rate since May, amid lower prices of transport and non-regulated energy products.

Annual inflation rate in the Euro Area is expected to ease to 1.6 percent in December of 2018 from 1.9 percent in the previous month and below market expectations of 1.8 percent. It was the lowest inflation rate since April, mainly due to a slowdown in cost of energy and food, alcohol & tobacco.

The annual inflation rate in Portugal is expected to decrease to 0.68 percent in December of 2018 from 0.86 in the previous month, a preliminary estimate showed. It is the lowest inflation rate since April, mainly due to lower prices of energy.

France's annual inflation is expected to slow to 1.6 percent in December 2018 from 1.9 percent in the previous month. That would be the lowest rate since April due to a deceleration in the prices of energy, services and tobacco and a more pronounced drop in those of manufactured products.

Germany's seasonally adjusted harmonised unemployment stood at 3.3 percent in November 2018, unchanged from the previous month's 38-year low, as the number of unemployed declined further and employment grew slightly.

Malaysia's trade surplus narrowed sharply to MYR 7.6 billion in November of 2018 from MYR 9.9 billion in the same month of the prior year and far below market expectations of a surplus of MYR 11.5 billion. It was the smallest trade surplus since August, as exports rose less than imports

The Philippines' annual inflation rate fell to a 7-month low of 5.1 percent in December of 2018 from 6.0 percent in the previous month. The latest figure was well below market consensus of 5.6 percent, mainly driven by a marked slowdown in cost of food and transport.

The ISM Manufacturing PMI in the US fell to 54.1 in December, the weakest since November 2016, from 59.3 in November and missing market expectations of 57.9. It was the largest monthly drop since October 2008 as growth in new orders, production and employment slowed sharply.

The number of Americans filling for unemployment benefits increased by 10 thousand to 231 thousand in the week ending December 30 from the previous week’s revised level of 221 thousand and above market expectations of 220 thousand.

The Turkish consumer price inflation eased to 20.30 percent year-on-year in December 2018 from 21.62 percent in the prior month, and slightly below market expectations of 20.52 percent. It was the lowest inflation rate since August, mainly due to softer rises in prices of food, housing, and transport.

Brazil's trade surplus widened sharply to USD 6.64 billion in December 2018 from USD 5.00 billion in the same period of the previous year. It was the largest trade surplus since June 2017.

The IHS Markit US Manufacturing PMI came in at 53.8 in December 2018, little-changed from a preliminary estimate of 53.9 and below November's final 55.3. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since September 2017.

The annual inflation rate in Kenya rose to 5.71 percent in December 2018 from 5.6 percent in the prior month. It is the highest inflation rate since October 2017, as prices continued to advance for food and non-alcoholic beverages. Meantime, inflation remained elevated for housing & utilities and transport.

The economy of Singapore grew an annual 2.2 percent in the fourth quarter of 2018, following an upwardly revised 2.3 percent expansion in the previous three-month period and missing market expectations of 2.7 percent, a preliminary estimate showed. It was the weakest growth rate since the third quarter of 2016 as services expansion slowed and construction output continued to fall.

South Korea’s trade surplus narrowed to USD 4.56 billion in December of 2018 from USD 5.51 billion in the same month of the preceding year, a preliminary data showed. It was the smallest trade surplus since February, as imports rose while exports fell.

Turkish trade gap tumbled 89.8 percent to USD 0.7 billion in November 2018 from USD 6.4 billion in the corresponding month of the previous year. Exports rose 9.4 percent to USD 15.5 billion while imports slumped 21.3 percent to USD 16.2 billion on the back of a weak lira.

South Korea's annual inflation rate eased to 1.3 percent in December of 2018 from 2.0 percent in the previous month and below market expectations of 1.7 percent. It was the lowest inflation rate since March, amid a softer rise in cost of housing & utilities and food while transport prices declined.

Next week important releases include US non-farm payrolls, alongside unemployment and wage growth, ISM Manufacturing PMI and ADP employment change; UK Markit PMIs and monetary indicators; Eurozone inflation; Germany unemployment figures; China NBS PMIs and Caixin Manufacturing PMI; Indonesia, the Philippines and Thailand inflation rates; Turkey inflation and foreign trade; and Markit PMIs worldwide.

Mexico reported a USD 2382 million trade deficit in November of 2018 compared to a USD 408 million surplus a year earlier. Exports rose 2.8 percent, boosted by sales to the US while imports jumped at a faster 10.4 percent. Considering the first eleven months of the year, Mexico recorded a USD 15541 million gap, 41.7 percent higher than in the same period of 2017.

The unemployment rate in Japan edged up to 2.5 percent in November of 2018 from 2.4 percent in the previous month and slightly above market expectations of 2.4 percent. Meanwhile, the jobs-to-applicants ratio edged up to 1.63 from 1.62 in October to match expectations.

Germany's annual inflation rate is expected to ease to an eight-month low of 1.7 percent in December 2018 from 2.3 percent in the previous month and below market expectations of 1.9 percent. Prices of energy and food are set to rise at a slower pace while service inflation should be flat.

South Africa trade balance shifted to a ZAR 3.49 billion surplus in November of 2018 from a downwardly revised ZAR 4.29 billion deficit in the previous month and beating market expectations of a ZAR 2.25 billion gap. Considering the January to November period, the country recorded a ZAR 4.16 billion shortfall.

The unemployment rate in Brazil declined to 11.6 percent in the three months to November of 2018 from 12.1 percent in the three months to August and 12 percent a year earlier. It compares with market expectations of 11.5 percent. It marks the eighth straight month the unemployment rate falls, reaching the lowest since the three months to July 2016.

Spain's economy expanded 0.6 percent on quarter in the three months to September 2018, unrevised from the preliminary estimate and the same pace as in the previous period. Household consumption and fixed investment increased firmly, while net trade contributed negatively to the GDP growth.

The annual inflation rate in Spain is expected to decrease to 1.2 percent in December of 2018 from 1.7 percent in the previous month and below market expectations of 1.5 percent, preliminary estimates showed. It was the lowest inflation rate since April, mainly due to lower prices of fuels.

The number of Americans filling for unemployment benefits decreased by 1 thousand to 216 thousand in the week ending December 22 from the previous week’s revised level of 217 thousand. It compares with market expectations of 217 thousand.

The trade deficit in Hong Kong widened to HKD 45.0 billion in November of 2018 from HKD 39.7 billion in the same month a year earlier, as exports dropped 0.8 percent year-on-year to HKD 364.3 billion and imports rose 0.5 percent to HKD 409.3 billion.

The Dutch economy grew by 0.2 percent on quarter in the three months to September 2018, following a 0.7 percent expansion in the previous period, matching market expectations, and in line the preliminary estimates. It is the lowest growth rate since the second quarter of 2016, as exports growth slowed while both household spending and investment showed no growth. Also, government spending stalled.

Singapore's annual inflation rate slowed to a 7-month low of 0.3 percent in November 2018 from 0.7 percent in the previous month and below market consensus of 0.6 percent. Food inflation remained at its lowest in five months, while cost of transport fell further.

Next week key data to watch include US new and pending home sales, Chicago Fed National Activity Index, Chicago PMI, S&P/Case-Shiller home prices and the advance estimate of wholesale inventories; Germany and Spain flash inflation rates; UK Finance mortgage approvals; Japan housing starts, construction orders, unemployment rate, retail sales and preliminary industrial production; and Australia private sector credit.

The University of Michigan's consumer sentiment for the US was revised higher to 98.3 in December of 2018 from a preliminary of 97.5 and 97.5 in November, final estimates showed. The Sentiment Index averaged 98.4 in 2018, the best year since 107.6 in 2000.

Personal spending in the United States increased 0.4 percent from a month earlier in November 2018, following an upwardly revised 0.8 percent gain in October and above market expectations of a 0.3 percent rise.

New orders for US manufactured durable goods surged 0.8 percent from a month earlier in November 2018, following a downwardly revised 4.3 percent plunge in October and missing market expectations of a 1.6 percent advance. Transportation equipment drove the increase.

The US economy advanced an annualized 3.4 percent on quarter in the third quarter of 2018, slightly below earlier estimates of a 3.5 percent growth, final figures showed. It follows a 4.2 percent expansion in the previous period which was the highest since the third quarter of 2014. Personal spending was revised slightly lower and net trade dragged down more on growth than initially estimated while inventory accumulation was higher than expected.

The gross domestic product in the United Kingdom expanded 1.5 percent year-on-year in the third quarter of 2018, unrevised from the preliminary estimate and up from 1.4 percent in the previous period. It was the strongest growth rate since the last quarter of 2017 mainly driven by household consumption while business investment dropped the most since the first quarter of 2016 and net trade contributed negatively.

Britain's quarterly economic growth was confirmed at 0.6 percent in the three months to September 2018, the strongest expansion since the last quarter of 2016 and compared to a 0.4 percent advance in the previous period. Household spending and exports were the main drivers of growth while business investment has fallen for three consecutive quarters, which has not been seen since the global financial crisis, in part due to Brexit-related economic and political uncertainty.

The Spanish trade deficit widened sharply to EUR 3.84 billion in October 2018 from EUR 2.51 billion in the same month of the previous year. It was the largest trade gap since January as imports jumped 13.1 percent to a record high and exports increased at a softer 9 percent.

France's quarterly economic growth was revised lower to 0.3 percent in the three months to September 2018, compared to a near one-year high of 0.4 percent previously estimated and following a 0.2 percent growth in the previous period. The negative contribution from inventory changes was bigger than initially thought.

Japan's consumer price inflation eased to a 5-month low of 0.8 percent year-on-year in November 2018 from 1.4 percent in the previous month, in line with market expectations. Food and transport prices rose at a slower pace while housing costs continued to fall.

The number of Americans filling for unemployment benefits increased by 8 thousand to 214 thousand in the week ending December 15 from the previous week's unrevised level of 206 thousand, which was the biggest decline in near 49 years. It compares with market expectations of a 10 thousand gain to 216 thousand.

The Bank of England voted unanimously to hold the Bank Rate at 0.75 percent on December 20th, saying that Brexit uncertainty had "intensified considerably" over the last month while inflation is expected to ease below the 2 percent target amid falling oil prices. Meanwhile, bank staff lowered slightly its forecast for UK quarterly economic growth in Q4 to 0.2 percent from 0.3 percent previously.