Economic indicators

Personal income rose an expected 0.2% in August while a weaker-than-expected 0.1% rise in the core PCE price index cut the year on year rate for core inflation growth to 1.3% from 1.4% in July, the Commerce Department reported Friday.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region "continued to expand at a solid pace and … firms remained optimistic about the future."

Initial claims U.S. state unemployment benefits rose by 12,000 to 272,000 in the September 23 week, above the 265,000 level expected.

Second quarter GDP growth was revised up slightly to a 3.1% annual rate from the 3.0% pace in the second estimate.

Pending home sales declined 2.5% to an index reading of 106.3 in August.

U.S. durable goods orders climbed 1.7% in August, while excluding transportation orders were up 0.2%, the Commerce Department reported Thursday.

Texas service sector activity “picked up slightly in September.”

The pace of new single-family home sales fell by 3.4% to 560,000 at a seasonally adjusted annual rate in August.

The consumer confidence index decreased to 119.8 in September from a revised 120.4 last month.

Service sector activity “remained generally upbeat in September.”

Manufacturing in the central Atlantic region “largely unchanged in August.”

Home prices rose 5.9% on an annual basis in July, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.

The region's non-manufacturing sector “continued to expand,” as the general business conditions index increased to 33.2 in September from 31.8 in August.

Texas factory activity, as measured by the production index, “continued to increase in September,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

The Chicago Fed National Activity Index fell to negative 0.31 and the three-month moving average slid to negative 0.04.

The Treasury Department sold $11 billion of reopened 10-year Treasury Inflation Protected Securities at a 0.450% high yield.

The Treasury Department on Thursday said it will auction $179 billion of securities next week.

The composite of the Leading Economic Index rose 0.4% in August following an unrevised 0.3% increase in July, the Conference Board reported on Thursday.

The region's manufacturing sector expanded in September as the general business conditions index increased to 23.8 from 18.9 in August, according to the Federal Reserve Bank of Philadelphia’s Report on Business.

Initial claims U.S. state unemployment benefits fell by 23,000 to 259,000 in the September 16 employment survey week, well below the 305,000 level expected and suggesting some displaced workers have not been able to file yet, data released by the Labor Department Thursday showed.