Economic indicators

“New York City purchasing managers demonstrated a small but directional shift in perspective in April,” the Institute for Supply Management-New York’s Report on Business index, released Tuesday, indicated.

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

Construction spending fell 0.2% in March, with a dip in public building accounting for the decline, data released by the Commerce Department Monday morning showed.

Personal income was up 0.2% in March, while nominal PCE was flat, and the core PCE price index fell 0.1%, data released by the Commerce Department Monday morning showed.

The University of Michigan's final April consumer sentiment index reading was 97.0, compared to the preliminary April 98.0, and the final March 96.9, according to market sources.

The Chicago Business Barometer rose to 58.3 in April from 57.7 in March.

The seasonally adjusted Milwaukee Report on Business declined to 57.87 in April from 61.77 in March, the Institute for Supply Management-Milwaukee reported Friday.

The Employment Cost Index rose 0.8% in the first quarter after rising by only 0.5% in the previous quarter, lifting the year/year rate to 2.4% from 2.2% in the previous quarter.

First quarter GDP growth rose only 0.7% at an annual rate in the advance estimate, a softer reading that the 1.2% gain expected.

The Midwest Economy Index improved to 0.60 in March from 0.28 in February, the Federal Reserve Bank of Chicago said Friday.

Manufacturing activity in the Federal Reserve Bank of Kansas City's region “expanded at a slower pace with solid expectations for future activity” in April, according to the bank's monthly manufacturing survey, released Thursday.

Pending home sales decreased 0.8% to an index reading of 111.4 in March, after an unrevised 5.5% rise to 112.3 in February, according to a report released Wednesday by the National Association of Realtors.

The value of durable goods new orders rose 0.7% in March, considerably below the expected 1.5%, but were down 0.2% excluding transportation after five consecutive drops, data released by the Commerce Department Thursday showed.

Initial claims for U.S. state unemployment benefits saw an unexpected 14,000 rise to 257,000, 12,000 higher than the 245,000 analysts expected, data released by the Labor Department Thursday showed.

Texas service sector activity “increased in April, albeit at a slower pace than in March,” according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey.

Service sector activity “improved notably in April,” according to the Federal Reserve Bank of Richmond service-sector activity survey, released Tuesday.

Manufacturers in the central Atlantic region “were upbeat again in April,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index dipped to 20 in April from 22 in March.

The consumer confidence index decreased to 120.3 in April from a revised 124.9 last month, The Conference Board reported Tuesday.

The pace of new single-family home sales surged to a much stronger-than-expected 621,000 seasonally adjusted annual rate in March, following mixed revisions to the January and February sales pace, data released by the Commerce Department Tuesday showed.

The S&P/Case-Shiller seasonally adjusted 20-city composite index rose 0.7% in February, unadjusted the index was up 0.4%.