Economic indicators

The value of U.S. durable goods orders rose 1.3% in November, but were actually down 0.1% excluding a 4.2% jump in transportation orders.

Personal income rose 0.3% in November, while nominal PCE was up 0.6% and the core PCE price index rose 0.1%.

The region's non-manufacturing sector “continued to grow.”

The composite of the Leading Economic Index was up 0.4% in November following an unrevised 1.2% increase in October, the Conference Board reported Thursday.

Initial jobless claims rose by 20,000 to 245,000 in the December 16 employment survey week.

Third quarter GDP growth was revised down to a 3.2% annual rate from the 3.3% pace in the second estimate, compared to no revision expected.

The region's manufacturing sector expanded in December at a quicker pace than in November.

The Chicago Fed National Activity Index for November decreased to 0.15 from an upwardly revised 0.76 in October.

Existing home sales grew 5.6% to a seasonally adjusted 5.81 million-unit rate in November.

The U.S. third quarter current account deficit narrowed sharply to $100.6 billion from $124.4 billion.

The pace of housing starts posted a surprise 3.3% gain to a 1.297 million seasonally adjusted annual rate in November, well ahead of expectations for a 1.250 million pace.

Builders’ confidence in the market for new single-family homes increased as the National Association of Home Builders' housing market index climbed to 74 in December.

The New York region's service sector activity "continued to grow at a healthy pace," according to the Federal Reserve Bank of New York's December Business Leaders Survey.

Industrial production grew 0.2% in November, the Federal Reserve reported Friday.

The Empire State Manufacturing Survey showed "business activity continued to grow at a solid clip in New York State."

The Treasury Department said Thursday it will auction $45 billion 91-day bills and $39 billion 182-day discount bills Monday.

U.S. import prices rose 0.7% in November after rising 0.1% in October, the Bureau of Labor Statistics reported on Thursday.

Initial claims U.S. state unemployment benefits fell 11,000 to 225,000 in the Dec. 9 week from 236,000 in the prior week, data released by the Labor Department Thursday showed.

November retail sales rose 0.8% versus the 0.3% gain expected, the Commerce Department reported Thursday.

The consumer price index rose by 0.4% in November, as expected, while core CPI posted a softer-than-expected 0.1% rise.