Economic indicators

The U.S. services sector expanded at a slower pace in February as the non-manufacturing index fell to 59.5 from 59.9 in January.

The University of Michigan's final February consumer sentiment index reading was 99.7, compared to the preliminary February 99.9 and the final January 95.7, according to market sources.

The New York economy is expanding, but February’s pace was much slower than January’s.

Construction spending was flat in January, falling short of the expected 0.3% gain.

According to the ISM's monthly report on business, the ISM index increased to 60.8 in February from 59.1 in January.

Initial claims U.S. state unemployment benefits fell by 10,000 to 210,000 in the February 24 holiday week.

Personal income rose 0.4% in January, while nominal PCE was up 0.2% and the core PCE price index rose 0.3% in the month.

Pending home sales plunged 4.7% to an index reading of 104.6 in January, from a downwardly revised 109.8 in December.

The Chicago Business Barometer declined to 61.9 in February from 65.7 in January.

Fourth quarter GDP growth was revised down slightly to a 2.5% annual rate from the 2.6% pace in the advance estimate.

Texas service sector activity “continued to reflect expansion in February,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index increased to 13.2 from 12.8.

The consumer confidence index increased to 130.8 in February from a revised 124.3 last month, The Conference Board reported Tuesday.

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

Manufacturing growth in the central Atlantic region was “robust” in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index soared to 28 from 14.

The value of U.S. durable goods new orders fell 3.7% in January, falling more than the 2.5% decrease expected by analysts in an MNI survey.

Texas factory activity, as measured by the production index, “expanded at a faster pace in February.”

U.S. sales of new homes unexpectedly fell in January to the lowest level since August as borrowing costs rose and winter weather depressed demand.

The Chicago Fed National Activity Index for January decreased to 0.12 from a downwardly revised 0.14 in December.

The island's future will depend on external aid, the amount of emigration, and internal reforms, economist Jason Bram found.

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported gains in input and selling prices, suggesting growing inflation.