Economic indicators

Private-sector employment increased by 219,000 in July, on a seasonally adjusted basis, ADP estimated Wednesday.

Texas service sector activity “accelerated in July,” according to business executives.

The consumer confidence index increased to 127.4 in July from a revised 127.1 last month.

The MNI Chicago Business Barometer rose to a six-month high of 65.5 in July.

The seasonally adjusted Milwaukee Report on Business increased to 61.66 in July from 60.18 in June.

Home prices rose 6.4% on an annual basis in May, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

Personal income rose 0.4% in June following an unrevised 0.4% increase in May, the Commerce Department reported Tuesday.

U.S. employment costs accelerated in the second quarter from a year ago by the most in this expansion on faster growth in worker pay and benefits.

The June Midwest Economy Index slipped to 0.40 from an upwardly revised 0.58 in May.

Texas factory activity growth, as measured by the production index, suggested a “robust expansion.”

Pending home sales gained 0.9% to an index reading of 106.9 in June.

The University of Michigan's July consumer sentiment index reading was 97.9, compared to the preliminary July 97.1.

Consumer spending propelled U.S. economic growth to a 4.1% pace in the second quarter, the fastest since 2014.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported strong activity and increased optimism in July.

Initial jobless claims rose by 9,000 to 217,000 in the July 21 week after dipping to their lowest point since 1969 in the previous week.

Orders placed with U.S. factories for business equipment increased in June for a third straight month, a sign of investment momentum.

U.S. purchases of new homes fell in June to the slowest pace in eight months.

Service sector “activity remained strong in July,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region “expanded at a slower pace in July.”

The region's services sector “continued to expand,” as the general business conditions index rose to 44.3 in July from 39.1 in June.