Economic indicators

Initial claims for U.S. state unemployment benefits rose by 11,000 to 234,000 in the May 19 week, well above the 220,000 level expected by analysts.

New single-family home sales fell by 1.5% to 662,000 in April following downward revisions to the sales pace in both February and March.

Service sector companies saw strong growth in May, according to the Federal Reserve Bank of Richmond.

Manufacturing growth in the central Atlantic region was “robust” in May, according to the Federal Reserve Bank of Richmond.

The Philadelphia region's services sector improved in May, according to the Federal Reserve Bank of Philadelphia.

The Chicago Fed National Activity Index rose to 0.34 in April from a revised 0.32 in March, the Federal Reserve Bank of Chicago reported on Monday.

The decline in the unemployment rate is mostly due to emigration, a challenge as the territory restructures its debt.

The composite of the Leading Economic Index was up 0.4% in April following an upwardly revised 0.4% increase in March.

Initial claims for U.S. state unemployment benefits rose by 11,000 to 222,000 in the May 12 employment survey week.

Manufacturers report continued growth in May, but the Federal Reserve Bank of Philadelphia Report on Business respondents reported increasing costs.

Industrial production grew 0.7% in April, the Federal Reserve reported Wednesday as Capacity utilization rose to 78.0.

Activity in the region’s service sector grew at a solid clip, according to firms responding to the Federal Reserve Bank of New York’s May 2018 Business Leaders Survey.

April housing starts fell by 3.7% to a 1.287 million annual rate.

The value of business inventories in March was roughly unchanged, below the 0.1% gain expected by analysts.

Builders’ confidence in the market for new single-family homes grew again as the National Association of Home Builders' housing market index climbed to 70 in May from a downwardly revised 68 in April, first reported as 69.

U.S. retail sales rose for a second month in April in broad fashion as bigger after-tax paychecks helped compensate for rising fuel costs, signaling consumer demand was off to a good start this quarter.

Prices paid remain elevated, while business activity improved, the Empire State Manufacturing Survey, released Monday by the Federal Reserve Bank of New York, suggested.

Consumers’ inflation expectations grew, but respondents’ optimism about income held, according to the April Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

The University of Michigan's preliminary May consumer sentiment index reading was 98.8.

U.S. import prices rebounded by 0.3% in April following a downward revised 0.2% decline in March.