Economic indicators

Respondents to the Federal Reserve Bank of Kansas City's monthly manufacturing survey reported slower growth in December, while expectations grew.

Personal income grew 0.2% in November, while spending rose 0.4%.

The University of Michigan's final December consumer sentiment index reading was 98.3, compared to the preliminary December 97.5.

Third quarter gross domestic product growth was revised down to a 3.4% gain from the 3.5% gain in the previous estimate.

Orders placed with U.S. factories for business equipment fell in November, missing forecasts for an increase and adding to signs that demand is slowing amid risks from the trade war with China.

The region's services sector decelerated, as the general business conditions index slumped to 3.9 in December from 43.3 in November.

The composite of the Leading Economic Index was up 0.2% in November following a downwardly revised 0.3% drop in October.

Initial claims for U.S. state unemployment benefits rose by 8,000 to 214,000 in the December 15 survey week, well below expectations for a 225,000 level.

Manufacturers report expansion “continued to grow but remained subdued” in December.

Existing home sales were up 1.9% to a seasonally adjusted 5.32 million-unit rate in November.

The U.S. current account deficit widened to $124.8 billion in the third quarter from a revised $101.2 billion gap in the previous quarter.

November housing starts rose by 3.2% to a 1.256 million annual rate, according to data released Tuesday by the Commerce Department.

New York service sector activity “expanded slightly” in December, according to the Federal Reserve Bank of New York's Business Leaders Survey.

Builders’ confidence in the market for new single-family homes fell in December as affordability issues remain.

Business activity “continued to expand, though growth was noticeably slower than in recent months,” the December Empire State Manufacturing Survey suggested.

The value of business inventories in October was up 0.6% from September.

Total industrial production, which also includes mines and utilities, increased 0.6% after a 0.2% drop in October.

November retail sales were up 0.2% in the month, slightly above analysts’ projections for a 0.1% gain.

Jobless claims dropped to 206,000 in the week ended Dec. 8.

Overall CPI in November posted a flat reading as expected by analysts, but below the 0.3% gain expected by market participants.