Economic indicators

Consumers’ inflation expectations held for one-year, but dipped for the three-year horizon, according to the August Survey of Consumer Expectations, released by the Federal Reserve Bank of New York on Monday.

Consumer credit increased by $18.5 billion in July to $3.753 trillion, the Federal Reserve reported Friday.

The value of wholesale inventories rose 0.6% in July, while wholesale sales fell 0.1%, data released Friday by the U.S. Commerce Department showed.

Newly issued Treasury securities held in stripped form increased about $3.212 billion in August to a total of $254.293 billion, the Bureau of the Public Debt reported Thursday.

Second quarter nonfarm productivity was revised up to a 1.5% rate of growth from a 0.9% gain previously reported, while unit labor costs were revised down to a 0.2% pace of growth from the 0.6% rise in the preliminary estimate.

Initial claims for U.S. state unemployment benefits surged by 62,000 to 298,000 in the September 2 week, well above the 248,000 level expected and the highest level since the April 18, 2015 week, data released by the Labor Department Thursday showed.

All 12 Federal Reserve districts reported modest or moderate economic growth in the past two months, the latest Beige Book survey showed Wednesday, up from the 10 reporting those levels of growth in the previous period.

The U.S. services sector expanded in August as the non-manufacturing business activity composite index was 55.3 in the month, compared to 53.9 in July, on a seasonally adjusted basis, the Institute for Supply Management reported Wednesday.

The U.S. international trade gap widened very slightly in July to $43.7 billion, smaller than the $44.8 billion gap expected and following a revised smaller $43.5 billion gap in June, data released by the Commerce Department Wednesday morning showed.

The Conference Board's Employment Trends Index (ETI) rose to 134.62 in August from a downwardly revised 133.60 in July, first reported as 133.77, and is up 4.6% from a year ago, the group announced Tuesday.

The value of new factory orders fell by 3.3% in July, falling slightly lower than the expected -3.1% by analysts from an MNI survey.

“New York City purchasing managers reported decreased current business conditions,” the Institute for Supply Management-New York’s Report on Business index indicated.

ECRI inflation gauge rises to 111.9 in August.

The University of Michigan's final August consumer sentiment index reading was 96.8, compared to the preliminary August 97.6 and the final July 93.4, according to market sources.

Construction spending was down 0.6% in July, with a 0.4% decline in private construction and a larger 1.4% drop in public construction, data released by the Commerce Department Friday morning showed.

The overall economy grew for the ninety-ninth straight time, the Institute for Supply Management reported Friday.

The U.S. economy added fewer employees than expected in August, the jobless rate rose and wages rose less than forecast, in a break from otherwise solid progress in the labor market.

Pending home sales decreased 0.8% to an index reading of 109.1 in July, after a downwardly revised 1.3% gain to a 110.0 reading in June, according to a report released Thursday by the National Association of Realtors.

The Chicago Business Barometer was unchanged at 58.9 in August.

The seasonally adjusted Milwaukee Report on Business decreased to 55.41 in August from 56.98 in July, the Institute for Supply Management-Milwaukee reported Thursday.