Economic indicators

Texas factory activity, as measured by the production index, “rose markedly in April after posting slower growth in March.”

Pending home sales gained 0.4% to an index reading of 107.6 in March, from a downwardly revised 107.2 in February.

The MNI Chicago Business Barometer rose 0.2 points to 57.6 in April, up from 57.4 in March, snapping a three-month downward trend.

Respondents pointed to issues arising from tariffs and price increases for the decline.

Personal income rose 0.3% in March, while nominal PCE was up 0.4% and the core PCE price index rose 0.2% in the month and 1.9% year/year, about as expected, data released by the Bureau of Economic Analysis Monday morning showed.

The March Midwest Economy Index climbed to 0.52 from a revised 0.41 in February, first reported as 0.44, the Federal Reserve Bank of Chicago said Monday.

The University of Michigan's final April consumer sentiment index reading was 98.8.

U.S. employment costs increased more than forecast in the first quarter as worker pay and benefits accelerated, according to Labor Department data released Friday.

U.S. economic growth cooled last quarter as consumers pulled back following outsize spending in the prior period, though solid business investment cushioned some of the weakness.

Respondents to the monthly manufacturing survey reported higher prices received, suggesting growing inflation, while respondents voiced concern about trade policy.

The value of U.S. durable goods new orders rose by 2.6% in March, much faster than the 1.7% increase expected by analysts in an MNI survey.

Initial claims U.S. state unemployment benefits fell by 24,000 to 209,000 in the April 21 week, well below the 231,000 level expected by analysts in an MNI survey and the lowest level since the December 6, 1969 week, data released by the Labor Department Thursday showed.

New single-family home sales pace saw a significant rise in the month, increasing by 4.0% to 694,000.

Service sector companies “saw slowing growth in April,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturing growth in the central Atlantic region “slowed in April.”

The consumer confidence index increased to 128.7 in April from a revised 127.0 last month, The Conference Board reported Tuesday.

Home prices rose 6.3% on an annual basis in February, not seasonally adjusted, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index, released Tuesday.

The region's services sector showed “continued but moderated improvement,” as the general business conditions index slid to 27.6 in April from 30.1 in March.

Home resales rose by 1.1% in March to an annual rate of 5.60 million, ahead of expectations for a second straight 5.54 million pace.

The Chicago Fed National Activity Index for March decreased to 0.10 from an upwardly revised 0.98 in February .