Economic indicators

U.S. retail sales rose for a fifth month in June and figures from May were revised upward.

Selling prices continued to rise moderately, while business activity expanded almost as briskly as in June, the Empire State Manufacturing Survey suggested.

The University of Michigan's preliminary July consumer sentiment index reading was 97.1.

Import prices fell by 0.4% in June, below the flat reading expected and following a 0.9% rise in May.

The federal government ran a $74.9 billion deficit in June, the Treasury Department reported Thursday.

U.S. filings for unemployment benefits fell more than forecast last week to a two-month low.

U.S. consumer prices rose less than expected in June amid falling utility prices and a record decline in hotel costs.

Labor market “activity declined and momentum remained high in June,” as the Federal Reserve Bank of Kansas City Labor Market Conditions Indicators (LMCI) slid to 0.77 from 0.91 in May.

May wholesale inventories increased by 0.6%, revised upward from the 0.5% gain reported in the advance estimate.

U.S. wholesale prices rose in the 12 months ended in June by the most since November 2011 as the costs of services accelerated.

The Small Business Optimism Index posted its sixth highest reading in survey history for the month of June.

Consumer credit rose $24.56 billion in May to $3.898 trillion, the Federal Reserve reported.

Consumers’ inflation expectations held, but respondents’ optimism slid, according to a survey released by the Federal Reserve Bank of New York

The Conference Board's Employment Trends Index increased to 108.94 in June from 107.72 in May.

The U.S. trade deficit narrowed in May to its smallest since October 2016 on a jump in exports of soybeans and aircraft amid the threat of retaliatory tariffs.

U.S. hiring topped forecasts in June while unemployment rose from an 18-year low and wage gains unexpectedly slowed, indicating the labor market is still absorbing spare capacity.

The U.S. services sector expanded at a faster pace in June as the non-manufacturing index rose to 59.1 from 58.6 in May.

Initial claims U.S. state unemployment benefits rose by 3,000 to 231,000 in the June 30 week.

Private-sector employment increased by 177,000 in June, on a seasonally adjusted basis, ADP estimated Thursday.

New orders for manufactured goods increased 0.4% in May, after falling a revised 0.4% in April.